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    ATM Transaction New Charges: Big news! Now withdrawing cash from ATM will be expensive! Quickly check new charges



    ATM Transaction New Charges: Withdrawal of cash from

    ATM (Cash transaction) is going to be more expensive

    from the new year i.e. January 1, 2022. From next month

    onwards, if the free ATM transaction limit is exceeded,

    ATM users will have to pay more charges.

    The year 2021 is about to end now. This year inflation

    has set many new records. However, the new year is also

    starting with inflation. Let us tell you that from the year

    2022, cash withdrawal from ATM is going to be more

    expensive. On crossing the free ATM transaction limit

    from the first of the next month i.e. January itself, ATM

    users will have to pay more charges

    RBI has allowed to increase the charges for cash and

    non-cash ATM transactions after the free monthly limit

    from January 1, 2022. Axis Bank said that according to

    the guidelines of the Reserve Bank (RBI), the fee for

    financial transactions above the free limit at Axis Bank or

    other banks' ATMs will be Rs 21 plus GST. These revised

    rates will be effective from January 1, 2022.



    Till now you have to pay a charge of Rs 20 for crossing

    the monthly limit of free transactions. At the same time,

    from next month, Rs 21 per transaction plus GST will

    have to be paid. RBI has issued a circular stating that to

    compensate banks for higher interchange fees and have

    increased the cost by general. Therefore, banks have

    been allowed to increase the charge to Rs 21 per

    transaction.

    5 transactions can be done for free

    Three free transactions will be allowed to do five free

    transactions from ATMs of your banks. This will include

    financial and non-financial transactions. Customers have

    been allowed to do 3 free transactions from ATMs of

    other banks in metro cities and 5 transactions at non-

    metro centers.

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