What impact will it have?
The move is expected to affect customers of smaller banks to a greater extent as such banks often have to depend on bigger banks for ATM services.
Notably, these fees become applicable after users exhaust their free monthly limits — three transactions in non-metropolitan areas and five in metropolitan regions.
The RBI had previously revised ATM transaction fees in June 2021.
To avoid paying extra charges, customers may try to stick to their own bank’s ATM or rely more on digital payment methods.Find your daily dose of All Latest News including Sports News, Entertainment News, Lifestyle News, explainers & more. Stay updated, Stay informed- Follow DNA on WhatsApp.
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ATM transactions set to get costlier from THIS date; Check new rates here
