Banks also charge an amount for the issuance and annual maintenance of ATMs.Key lenders, both public and private, in the country levy charges on customers for various uses of an ATM-cum-debit card.
The ATM charges apply depending on the type - whether it belongs to the same bank where the customer's account is located or some other bank - and nature of ATM - whether the ATM is located in a metropolitan or any other city in the country.
Banks also charge an amount for the issuance and annual maintenance of ATMs.
However, the customers are charged for transactions at ATMs over and above the mandated numbers of free transactions, as directed by Reserve Bank of India (RBI).
For example, State Bank of India (SBI) allows its customers to withdraw up to Rs40,000 per day in case of Classic Debit card.State Bank of India (SBI)Here are the various charges of SBI's ATM cards, according tosbi.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, according tohdfcbank.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, according toicicibank.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 applicableThe saving account of India Post, which has a network of more than 1.5 lakh post offices across the country, also offers ATM facility.Get Breaking news, live coverage, and Latest News from India and around the world on TheIndianSubcontinent.com.
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