ATM Transaction Charges- Big news for ATM Card holders. Axis Bank has announced changes in the fees charged for its savings and trust accounts. These new fees will be applicable from July 1, 2025. The bank has increased the fees charged on ATM transactions, which will be applicable on Axis Bank ATMs as well as ATMs of other banks.
Increase in ATM transaction fees
From July 1, 2025, the fee on business transactions (such as cash withdrawals or balance checks) that exceed the free transaction limit set by the bank will be increased. Currently, this fee is Rs 21 per transaction, which will be increased to Rs 23. Which accounts will be affected This change will affect a large number of account holders, including savings accounts, NRI accounts, trust accounts, as well as some priority and burgundy category customers.
Customers should prepare Account holders are advised to plan their business transactions by knowing the free transaction limit and new fees as per their account type to avoid unnecessary extra charges.
RBI directive from 1 May 2025
This change is in line with the revised ATM interchange fee guidelines implemented by the Reserve Bank of India (RBI) from May 1, 2025. RBI has also fixed the maximum number of free ATM transactions a customer can make per month.
In metro cities: 3 free ATM transactions per month
In non-metro cities: 5 free ATM transactions per month
Beyond these limits, a fee will be charged every time a financial transaction such as cash withdrawal or balance check is performed.