INSUBCONTINENT EXCLUSIVE:
ATM charges: Top banks today permit a certain number of free ATM transactions every monthMost banks today permit their customers a
stipulated number of ATM transactions free of cost every month
remittance services, levy a fee ranging from Rs 5 to Rs 20 per transaction (excluding GST) as ATM charges
The ATM charges vary, depending on whether the ATM belongs to the same lender the customer holds an account with and where the ATM is
located.Here's a lowdown of free ATM transactions allowed by SBI, ICICI Bank and India Post to their account holders and the ATM charges
for any additional ATM transactions:State Bank of India (SBI)SBI, the country's largest bank, allows unlimited transactions free of cost
at its group ATMs for customers maintaining a monthly average balance above Rs 25,000 in the previous month, according to its website -
For accounts with lesser monthly average balance, SBI has set certain limits on the number of ATM transactions at State Bank Group ATMs
maintained a monthly average balance of up to Rs 25,000, are allowed up to 10 transactions per month free of cost in SBG or State Bank Group
ATMs subject to certain conditions, according to the bank's corporate website.(State Bank of India (SBI) has set certain limits on the
plus GST, according to the SBI corporate website
These charges depend upon factors such as the nature of transaction and type of ATM.Any financial transactions beyond the monthly limit at
SBG or State Bank Group ATMs are chargeable at Rs 10 plus GST
transaction at its group ATMs
That is applicable to non-financial transactions over and above the allowed number of free transactions
"This charge will not be applicable to Small/No Frill Deposit Account holders
These customers will continue to get five free transactions, irrespective of the centre, as hitherto," SBI adds.ICICI BankICICI Bank allows
Additional transactions are charged between Rs 8.5 and Rs 20 depending on their nature
The bank charges a fee of Rs
cost in metros every month
At all other locations, ICICI Bank allows five ATM transactions free of cost every month
and Rs 8.50 per non-financial transaction for any additional transactions.Post officeIndia Post - which has a network of more than 1.55 lakh
At ATMs of other banks, India Post allows its ATM card holders to make three transactions - of financial or non-financial nature - free of
cost per month in metro cities, according to its website
