Srinagar, May 1 -- ATM withdrawal charges have increased from today, May 1, following a new directive by the Reserve Bank of India (RBI). Customers will now have to pay up to Rs 23 per transaction once they exceed the free monthly limit of ATM usage. This marks a hike from the previous cap of Rs 21. The revised framework applies to all commercial banks, regional rural banks (RRBs), co-operative banks, authorised ATM network operators, card payment network operators, and white-label ATM operators.

As per the RBI's guidelines, bank customers in metro cities will continue to get five free ATM transactions each month from their own bank, along with three additional free transactions from other banks. For those living in non-metro areas, the ...