Banks Levy These Charges For ATM Card Transactions, Other Services

Major banks, from state-run State Bank of India (SBI) to private sector peers ICICI Bank and HDFC Bank, have set certain rules for making transactions at ATMs. These lenders offer a certain limited number of ATM card transactions free of cost every month. Customers exhausting the permitted number of free transactions in a particular month are charged for additional ATM transactions. Such ATM card charges levied  by the banks depend on factors such as the type and nature of ATM - - whether the ATM belongs to the bank's own network or outside of it and whether it is located in a metropolitan or any other city within the country. Additionally, banks have also set certain charges for the issuance and annual maintenance of their ATM cards.

Major banks, from state-run State Bank of India (SBI) to private sector peers ICICI Bank and HDFC Bank, have set certain rules for making transactions at ATMs. These lenders offer a certain limited number of ATM card transactions free of cost every month. Customers exhausting the permitted number of free transactions in a particular month are charged for additional ATM transactions. Such ATM card charges levied  by the banks depend on factors such as the type and nature of ATM - - whether the ATM belongs to the bank's own network or outside of it and whether it is located in a metropolitan or any other city within the country. Additionally, banks have also set certain charges for the issuance and annual maintenance of their ATM cards.

Here's a comparison of various types of ATM-cum-debit card charges levied by SBI, HDFC Bank and ICICI Bank:

State Bank of India (SBI)

SBI offers several types of ATM-cum-debit cards. These ATM cards enable customers to make cash withdrawals up to a certain limit. For example, SBI's Global International debit card allows customers to withdraw up to Rs 40,000 per day,

. Here are the various charges of SBI's ATM cards, according to bank's website - sbi.co.in:

HDFC Bank

HDFC Bank allows the first five transactions in a month free of cost at its own ATMs. In case of metro-ATMs of other banks, the bank allows the first three transactions in a month free of cost. In case of non-metro ATMs, the customers are allowed the first five transactions in a month free of cost.

Here are the various charges of HDFC Bank's ATM cards, according to bank's website - hdfcbank.com:

ICICI Bank

For transactions at ICICI Bank ATMs, the bank allows the customer the first 5 transactions in a month free of cost. Individuals are permitted to make the first three transactions in a month free of cost at a non-ICICI Bank metro ATM. In case the ATM is located in any other city within the country, the bank allows five transactions a month without any charges.

Here are the various charges of ICICI Bank's ATM cards as stated on bank's website - icicibank.com: 

India Post, which has a network of more than 1.5 lakh post offices across the country, also offers an ATM card facility with its savings accounts.