Banks also charge customers for issuance and annual maintenance of an ATM card.Major banks in the country allow their customers to make a certain number of transactions free of cost at ATMs every month.
The customers are charged for transactions at ATMs over and above these mandated numbers of free transactions.
The number of free transactions at ATMs in a month depends on factors such as location of ATM - metro or non-metro - and the owner of ATM - whether it is owned by the home bank or any other bank.
Additionally, banks also charge customers for issuance and annual maintenance of an ATM-cum-debit card.State Bank of India (SBI)Here are the various charges of SBI's ATM cards as stated on bank's website - sbi.co.in:HDFC BankHere are the various charges of HDFC Bank's ATM cards as stated on bank's website - hdfcbank.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 on bank's website - icicibank.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 applicableIndia Post, which has a network of more than 1.5 lakh post offices across the country, also offers an ATM facility with its savings accounts.Get the latest election news, live updates and election schedule for Lok Sabha Elections 2019 on TheIndianSubcontinent.com/elections.
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