Jammu Tawi, March 28 -- Cash withdrawal from ATMs is set to be costlier from May 1, 2025 after the Reserve Bank of India (RBI) raised interchange fees on ATM withdrawal. The change in the fees will affect the customers who frequently use ATMs for withdrawals, as per a news report.

According to the report, the customers will have to pay an additional Rs 2 for each financial transaction beyond the free limit from May 1. While the fee for non-financial transactions, such as balance inquiries, will cost Rs 1 more, withdrawing cash from an ATM will now cost Rs 19 per transaction, from the current Rs 17. The services like checking account balances will now cost Rs Rs 7 per transaction.

Published by HT Digital Content Services with permission...