INSUBCONTINENT EXCLUSIVE:
Banks permit their customers to make a specific number of ATM transactions free of cost every monthMajor banks today permit their customers
to make a certain number of transactions free of cost at ATMs every month
more than Rs 1 lakh, according to SBI's website - sbi.co.in
Similarly, private sector peers ICICI Bank and HDFC Bank also allow their customers to make free transactions at ATMs every month under
non-metro - and the owner of ATM - whether it is owned by the home bank or any other bank.Here's a look at the number of free ATM
transactions allowed by SBI, ICICI Bank and HDFC Bank to their customers every month, and the charges levied for additional transactions
thereafter:State Bank of India (SBI)SBI allows its customers to make unlimited transactions at State Bank group ATMs free of cost under
The customer is required to have maintained a certain monthly average balance in the previous month to be eligible for this service
For example, if the customer maintains an MAB of more than Rs 1 lakh in a month, he or she is allowed to make unlimited transactions at
number of free transactionsUnlimited transactions via mobile/internet bankingAbove Rs 25,000Rs 5 for financial transactionsUnlimited
transactions at other bank ATMsAbove Rs 1 lakhRs 20 for financial transactions; Rs 8 for non-financial transactionsUnlimited transactions at
State Bank group ATMSAbove Rs 25,000Rs 10 for financial transactions; Rs 5 for non-financial transactionsIf the customer is not able to meet
the conditions that make him or her eligible for unlimited transactions at ATMs in a month, there are certain charges that apply for any
transactions above the permitted monthly limit of free transactions
involving cash - and Rs 5 for every non-financial transaction.ICICI BankICICI Bank allows its regular savings account customers to make
This includes transactions of financial as well as non-financial nature
In case of ATMs of other banks, ICICI Bank allows such customers three transactions free of cost in six metros (Mumbai, Delhi, Chennai,
Kolkata, Bengaluru and Hyderabad) every month
Outside these metros, the bank allows five transactions free of cost every month
In both cases, the transactions include those of financial as well as non-financial nature, according to the ICICI Bank website.Free
transactions in a month at ICICI Bank ATMsFree transactions in a month at non-ICICI Bank ATMsCharges beyond the permitted number of free
financial transaction and Rs
8.50 per non financial transaction5 in other location (inclusive of financial and non-financial)Maximum of 5 in a month with a cap of 3 in 6
financial transaction and Rs
8.50 per non-financial transaction, according to ICICI Bank.HDFC BankHDFC Bank allows customers holding savings and salary accounts with it
five transactions free of cost every month at its own ATMs, according to its website - hdfcbank.com
At ATMs of other banks, HDFC Bank allows such customers three transactions free of cost in metros and five transactions free of cost in
non-metros, according to the bank.Account typeNo
of free transactions per month at HDFC Bank ATMsNo
of free transactions per month at other bank ATMsCharges beyond prescribed limit of freeSavings and salary account53 at metro ATMs; 5 at
non-metro ATMsRs 20 plus applicable taxes for cash withdrawal; Rs 8.50 plus applicable taxes for non-financial transactionCurrent account
(Flexi, Plus, Max, Apex, Ultima, Merchant Advantage Plus and Supreme Current Account)Unlimited3 at metro ATMs; 5 at non-metro ATMsRs 20 plus
applicable taxes for cash withdrawal and non-financial transactionAdditional transactions - beyond the permitted number of free transactions
to the HDFC Bank website.
