How much charge for ATM withdrawal?
ATM withdrawal fees in India are capped by the RBI. As of May 1, 2025, banks can charge a maximum of ₹23 per cash withdrawal, an increase from the previous ₹21 limit. Check with your bank for specific fees.
ATM Withdrawal Fees: How Much Does it Cost?
Okay, so here’s the deal with ATM fees, from my, like, totally confused perspective.
The Reserve Bank of India (RBI) upped the ATM cash withdrawal fee to Rs 23, starting May 1, 2025. Previously, it was capped at Rs 21.
Seriously? Two extra rupees? I remember, once, back in maybe August (ish?) 2022, I was at the Connaught Place CP in Delhi needing cash and BAM! The ATM charged me, felt like a robbery but it was a private bank ATM not my regular one. Wasn’t Rs 21 then… I think it was like closer to Rs 25? Or was it more? Ugh, my memory’s terrible.
Honestly, I barely use ATMs anymore because digital payments are everywhere. But still, it’s annoying that they can charge extra. Seems kinda sneaky, right? Wonder if the 2 rupee increase will actually change anything. Probably not, but hey, maybe some banks will actually, you know, clean the ATMs more often. A girl can dream.
What is a typical ATM withdrawal fee?
ATM fees sting. Expect $2-$5 from out-of-network ATMs. My bank, Chase, adds another $3. Ouch.
Key Factors:
- Out-of-network fees: $2-$5, sometimes more. Brutal.
- Your bank’s fee: Add another $1-$3. Plan accordingly.
- Fee reimbursements: Some banks offer this, but it’s unreliable.
- Premium accounts: These often eliminate fees. Worth considering.
My Experience: I once paid a whopping $7 at a random ATM in Vegas. Never again.
Note: Fees vary wildly. Always confirm the fee on the screen. Seriously, do it.
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