Debit and credit cardholders are in surprise as the RBI has decided to raise ATM withdrawal fees for both public and private banks across the country. The increased fees will go into effect on January 1, 2022. It should be noted that the increased costs will apply once the consumer has reached the free monthly limit. According to the RBI notification, customers would need to
Customers are also eligible for free transactions (inclusive of financial and non-financial transactions) from other bank ATMs viz. three transactions in metro centres and five transactions in non-metro centres.