New Delhi, March 25 -- Withdrawing cash from ATMs will become costlier from May 1, as the Reserve Bank of India (RBI) has raised interchange fees, a DD News report said, on Tuesday. This hiked fees will be applicable after customers have exceeded their free transaction limit - five transactions in metro cities and three in non-metro areas at other banks' ATMs.

According to the report, customers will have to pay an additional Rs.2 for each transaction beyond the free limit. Fees for non-transaction fees has been hiked by Rs.1 as well. Now, withdrawing cash from an ATM will cost Rs.19 per transaction, up from the earlier Rs.17.

Checking account balances will now cost Rs.7 per transaction, as opposed to Rs.6 previously, according to the of...