Major banks have certain rules applicable to their customers for making transactions at ATMs.The Reserve Bank of India (RBI) has instructed top lenders in the country to offer a certain number of free ATM transactions (including both financial and non-financial) in a month, irrespective of the location of ATMs.
However, customers are charged for transactions at ATMs over and above these mandated number of free transactions, central bank said on its official website- rbi.org.in.
Major banks, from state-run SBI to private sector lenders ICICI Bank and HDFC Bank, have certain rules applicable to their customers for making transactions at ATMs.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.Here's a comparison of ATM transaction charges by SBI, HDFC Bank, ICICI Bank and Kotak Mahindra Bank:State Bank of India (SBI)Here are the various charges of SBI's ATM cards as stated onsbi.co.in:Debit Card Issuance ChargesNormal (Classic/Global)NilGold Debit Card100/- (including service tax)Platinum Debit Card306/- (including service tax)Debit Card Annual Maintenance Charges (Recovered at the beginning of the second year onwards)Classic Debit Card100/- plus service taxSilver/Global /Yuva /Gold Debit Card150/- plus service taxPlatinum Debit Card200/- plus service taxPride/Premium Business Debit Card300/- plus service taxDebit Card Replacement ChargesRs.204/- (including service tax)Duplicate PIN/ Regeneration of PINRs.51/- (including service tax)Domestic Transaction ChargesTransactions at State Bank Group ATMsFreeOther Bank ATMs - Up to 5 Transactions during a calendar month (for savings bank account only)FreeOther Bank ATMs Beyond 5 transactions(in Savings account) AND other than savings account:Financial Transaction:17/- (including service tax)Non-Financial Transaction6/- (including service tax)HDFC BankHere are the various charges of HDFC Bank's ATM cards as stated onhdfcbank.com:ATM / DEBIT CARD RELATED CHARGESATM cardNo ChargeATM card - Replacement chargesReplacement of a lost card - Rs 200 (plus taxes)ATM card - Transaction charge - non HDFC Bank domestic ATMsNo Charge (effective 1st Dec 2014)Debit Card - Annual Fee - RegularRs 150 per year (plus taxes) (w.e.f.
25th Dec'14)Debit Card - Renewal Fee - RegularRs 150 per year (plus taxes) (w.e.f.
25th Dec'14)Debit Card - Annual Fee - PlatinumRs 750 per year (plus taxes) (w.e.f.
1st June'15)Debit Card - Renewal Fee - PlatinumRs 750 per year (plus taxes) (w.e.f.
1st June'15)Debit Card - Replacement chargesReplacement/Reissuance Charges for Debit Cards - Rs.
200 plus applicable taxesAdd-on debit card - RegularOne add-on card - No Charge for the first yearRs 150 per year (plus taxes) (w.e.f.
25th Dec'14)Debit Card - Transaction charge - HDFC Bank ATMsNo ChargeDebit Card - Transaction charge - non HDFC Bank domestic ATMsFirst 5 Transactions Free across all CitiesTransactions over and above free limit will be charged as under:Cash withdrawal - Rs.
20 plus applicable taxes (W.e.f 1st Nov'17)Non-Financial Transaction - Rs.
8.5 plus applicable taxes (W.e.f 1st Nov'17)PIN regeneration chargeRs 50 (plus taxes)Number of Cash transactions4 free cash transactions per month(Cumulative of Deposit and Withdrawal)5th transaction onwards - Rs.150/- per transaction plus applicable taxes (W.e.f 1st Nov'17) would be leviedValue of Cash transactionsAny HDFC Branch(Cumulative of Deposit and Withdrawal)2 lakh - Free per month per account.Above 2 lakh - Rs.5/- per thousand or part thereof, subject to a minimum of Rs.150/- plus applicable taxes (W.e.f 1st Nov'17)Third party Cash transactionUpto a limit of Rs.25,000/- per day - Rs.150/- plus applicable taxes (W.e.f 1st Nov'17)(Cumulative of Deposit and Withdrawal)Above Rs.25,000/- not allowedICICI BankHere are the various charges of ICICI Bank's ATM cards as stated onicicibank.com:Transaction typeTransaction chargesJoining FeeRs.
250 + GST as applicableAnnual FeeRs.
250 + GST as applicableLost card replacementRs.
199 + GST as applicableCash withdrawal from ICICI Bank ATM'sFreeCash withdrawal from Non ICICI Bank ATM'sRs.
20 per withdrawal + GST as applicableBalance Inquiry from ICICI Bank ATM'sFreeBalance Inquiry from Non ICICI Bank ATM'sRs.
8 per inquiry + GST as applicableKotak Mahindra BankHere are the various charges of Kotak Mahindra Bank's ATM cards as stated on kotak.com:Debit Card Annual ChargesClassic / Titanium Debit CardRs 200Silk Classic Debit CardRs 200Gold Debit CardRs 500Platinum / My World Debit CardRs 750World / World Exclusive Debit CardRs 750Default CardPlatinumOther Debit Card Related ChargesReplacement of Lost / Stolen Debit CardRs 200Image Debit Card Issuance feeRs 199Regeneration of PIN (sent through courier)Nil