Key lenders, both public and private, in the country levy charges on customers for various uses of an ATM-cum-debit card. The ATM charges apply depending on the type - whether it belongs to the same bank where the customer's account is located or some other bank - and nature of ATM - whether the ATM is located in a metropolitan or any other city in the country. Banks also charge an amount for the issuance and annual maintenance of ATMs. However, the customers are charged for transactions at ATMs over and above the mandated numbers of free transactions, as directed by Reserve Bank of India (RBI). For example, State Bank of India (SBI) allows its customers to withdraw up to Rs 40,000 per day in case of a Classic Debit card.
Key lenders, both public and private, in the country levy charges on customers for various uses of an ATM-cum-debit card. The ATM charges apply depending on the type - whether it belongs to the same bank where the customer's account is located or some other bank - and nature of ATM - whether the ATM is located in a metropolitan or any other city in the country. Banks also charge an amount for the issuance and annual maintenance of ATMs. However, the customers are charged for transactions at ATMs over and above the mandated numbers of free transactions, as directed by Reserve Bank of India (RBI). For example, State Bank of India (SBI) allows its customers to withdraw up to Rs 40,000 per day in case of a Classic Debit card.
Key lenders, both public and private, in the country levy charges on customers for various uses of an ATM-cum-debit card. The ATM charges apply depending on the type - whether it belongs to the same bank where the customer's account is located or some other bank - and nature of ATM - whether the ATM is located in a metropolitan or any other city in the country. Banks also charge an amount for the issuance and annual maintenance of ATMs. However, the customers are charged for transactions at ATMs over and above the mandated numbers of free transactions, as directed by Reserve Bank of India (RBI). For example, State Bank of India (SBI) allows its customers to withdraw up to Rs 40,000 per day in case of a Classic Debit card.
Given below is a comparison of ATM transaction and other charges levied by SBI, HDFC Bank and ICICI Bank:
State Bank of India (SBI)
Here are the various charges of SBI's ATM cards, according to sbi.co.in:
HDFC Bank
Here are the various charges of HDFC Bank's ATM cards, according to hdfcbank.com:
ICICI Bank
Here are the various charges of ICICI Bank's ATM cards, according to icicibank.com:
The saving account of India Post, which has a network of more than 1.5 lakh post offices across the country, also offers ATM facility.
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