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HOME | YOUR MONEY Here's How Much ATM Transactions Cost After You Exhaust Limit

Edit:Longtop Technology (HK) LimitedUpDate:Oct 29, 2018

Major banks have certain rules applicable to their customers for making transactions at ATMs.

The Reserve Bank of India (RBI) has instructed top lenders in the country to offer a certain number of free ATM transactions (including both financial and non-financial) in a month, irrespective of the location of ATMs. However, customers are charged for transactions at ATMs over and above these mandated number of free transactions, central bank said on its official website- rbi.org.in. Major banks, from state-run SBI to private sector lenders ICICI Bank and HDFC Bank, have certain rules applicable to their customers for making transactions at ATMs.

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. 

Here's a comparison of ATM transaction charges by SBI, HDFC Bank, ICICI Bank and Kotak Mahindra Bank:

State Bank of India (SBI)

Here are the various charges of SBI's ATM cards as stated on sbi.co.in:

Debit Card Issuance ChargesNormal (Classic/Global)Nil
Gold 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 tax
Silver/Global /Yuva /Gold Debit Card150/- plus service tax
Platinum Debit Card200/- plus service tax
Pride/Premium Business Debit Card300/- plus service tax
Debit Card Replacement ChargesRs.204/- (including service tax)
Duplicate PIN/ Regeneration of PINRs.51/- (including service tax)
Domestic Transaction ChargesTransactions at State Bank Group ATMsFree
Other Bank ATMs - Up to 5 Transactions during a calendar month (for savings bank account only)Free
Other 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 Bank 

Here are the various charges of HDFC Bank's ATM cards as stated on hdfcbank.com:

ATM / DEBIT CARD RELATED CHARGES
ATM cardNo Charge
ATM 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 taxes
Add-on debit card - RegularOne add-on card - No Charge for the first year
Rs. 150 per year (plus taxes) (w.e.f. 25th Dec'14)
Debit Card - Transaction charge - HDFC Bank ATMsNo Charge
Debit Card - Transaction charge - non HDFC Bank domestic ATMsFirst 5 Transactions Free across all Cities
Transactions 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 levied
Value 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 allowed

 

ICICI Bank

Here are the various charges of ICICI Bank's ATM cards as stated on icicibank.com: 

Transaction typeTransaction charges
Joining FeeRs. 250 + GST as applicable
Annual FeeRs. 250 + GST as applicable
Lost card replacementRs. 199 + GST as applicable
Cash withdrawal from ICICI Bank ATM'sFree
Cash withdrawal from Non ICICI Bank ATM'sRs. 20 per withdrawal + GST as applicable
Balance Inquiry from ICICI Bank ATM'sFree
Balance Inquiry from Non ICICI Bank ATM'sRs. 8 per inquiry + GST as applicable

 

Kotak Mahindra Bank

COMMENT

Here are the various charges of Kotak Mahindra Bank's ATM cards as stated on kotak.com:

Debit Card Annual ChargesClassic / Titanium Debit CardRs. 200
Silk Classic Debit CardRs. 200
Gold Debit CardRs. 500
Platinum / My World Debit CardRs. 750
World / World Exclusive Debit CardRs. 750
Default CardPlatinum
Other Debit Card Related ChargesReplacement of Lost / Stolen Debit CardRs. 200
Image Debit Card Issuance feeRs. 199
Regeneration of PIN (sent through courier)Nil