By Sheetal Kumari | March 3, 2025
MC Desk | March 27, 2025
(Image: Canva)
From May 1, ATM withdrawals will become costlier as the RBI has revised interchange fees.
(Image: Canva)
(Image: Canva)
This is a fee that one bank pays another for ATM services, which is often passed on to customers.
(Image: Canva)
(Image: Canva)
The RBI revised charges after ATM operators cited rising operational costs affecting their business.
(Image: Canva)
(Image: Canva)
Customers will pay Rs 19 per transaction beyond the free limit, up from the current Rs 17.
(Image: Canva)
(Image: Canva)
Non-financial transactions like balance checks will now cost Rs 7, up from Rs 6 per inquiry.
(Image: Canva)
(Image: Canva)
The revised fees will apply across India, impacting millions of ATM users.
(Image: Canva)
(Image: Canva)
Government data showed that digital payments in India were valued at Rs 3,658 lakh crore in FY23.
(Image: Canva)