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ATM withdrawals to cost more: RBI revises fee from Rs 21 to Rs 23 – The Times of India

polite3 days ago01 mins

NEW DELHI: The Reserve Bank of India (RBI) on Friday announced a revision in the interchange fee and customer charges for Automated Teller Machines (ATMs) and Cash Recycler Machines (CRMs), increasing them by Rs 2 for transactions beyond the permitted free limit.. The new fee structure will come into effect from May 1, 2025.As per…

ATM withdrawals set to cost you more from May 1 – here’s why – The Times of India

polite6 days ago05 mins

This fee, charged between card-issuing and ATM-operating banks, ultimately affects customer banking expenses. (AI image) ATM withdrawals will cost more soon! The Reserve Bank of India (RBI) and the National Payments Corporation of India (NPCI) have sanctioned an increase of ₹2 in ATM interchange fees for cash withdrawals to ensure business sustainability. These revised charges…