However, banks also charge an amount for the issuance and annual maintenance of ATMs.Top banks, both public and private, in the country offer the service of ATMs but have certain charges for their customers for making transactions at ATMs.
From State Bank of India (SBI) to private sector banks like HDFC Bank, ICICI Bank, Axis Bank offer limited number of ATM transactions free of cost every month.
The number of permitted free transactions at an ATM in a month depends on various factors such as type of the account.
However, banks also charge an amount for the issuance and annual maintenance of ATMs.Here's a comparison of ATM transaction charges by SBI, HDFC Bank, ICICI Bank and Axis Bank:State Bank of IndiaHere 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's FreeCash withdrawal from Non ICICI Bank ATM's Rs.
20 per withdrawal + GST as applicableBalance Inquiry from ICICI Bank ATM's FreeBalance Inquiry from Non ICICI Bank ATM's Rs.
8 per inquiry + GST as applicableAxis BankHere are the various charges of Axis Bank's ATM cards as stated on axisbank.com:Card PlatformVisa Classic/PlatinumIssuance FeesRs.
200 + taxesAnnual FeesRs.
150Replacement FeeRs.
200ATM Withdrawal Limit (Per Day)Rs.
40,000Purchases Limit per dayRs.
1,00,000Lost Card LiabilityRs.
50,000Personal Accident Insurance CoverRs.
2 lakhAirport Lounge AccessNoMyDesignRs.
150 extraThe saving account of India Post, which has a network of more than 1.5 lakh post offices across the country, also offers ATM facility.