Mumbai (01/01/2022): Starting January 1, 2022, if you use up all of your free ATM transactions, you will have to pay a higher amount. The Reserve Bank of India (RBI) has permitted banks to increase charges for cash and non-cash ATM transactions above the free monthly acceptable limit beginning January 1, 2022. According to an RBI notification dated June 10, 2021, bank customers who surpass the monthly limit of free transactions would have to pay Rs 21 instead of Rs 20 per transaction starting January 1, 2022. Customers will, however, continue to be entitled for five free transactions per month from their own bank ATMs (including both financial and non-financial transactions). They will also be able to make three free transactions from other bank ATMs in metro areas and five free transactions in non-metro areas.
