Banks also charge an amount for the issuance and annual maintenance of ATM cards.Major banks, from state-run State Bank of India (SBI) to private sector peers ICICI Bank and HDFC Bank, have set certain rules for making transactions at ATMs.
These lenders offer a certain limited number of ATM card transactions free of cost every month.
Customers exhausting the permitted number of free transactions in a particular month are charged for additional ATM transactions.Such ATM card chargeslevied by the banks depend on factors such as the type and nature of ATM - - whether the ATM belongs to the bank's own network or outside of it and whether it is located in a metropolitan or any other city within the country.
Additionally, banks have also set certain charges for the issuance and annual maintenance of their ATM cards.State Bank of India (SBI)SBI offers several types of ATM-cum-debit cards.
These ATM cards enable customers to make cash withdrawals up to a certain limit.
For example, SBI's Global International debit card allows customers to withdraw up to Rs40,000 per day,.
Here are the various charges of SBI's ATM cards, according to bank's website - sbi.co.in:HDFC BankHDFC Bank allows the first five transactions in a month free of cost at its own ATMs.In case of metro-ATMs of other banks, the bank allows the first three transactions in a month free of cost.
In case of non-metro ATMs, the customers are allowed the first five transactions in a month free of cost.Here are the various charges of HDFC Bank's ATM cards, according to 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 up to the permitted limit (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 BankFor transactions atICICI Bank ATMs, the bank allows the customer the first 5 transactions in a month free of cost.
Individuals are permitted to make the first three transactions in a month free of cost at a non-ICICI Bank metro ATM.
In case the ATM is located in any other city within the country, the bank allows five transactions a month without any charges.Here 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'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 applicableIndia Post, which has a network of more than 1.5 lakh post offices across the country, also offers an ATM card 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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