Now withdrawing cash from ATMs as well as charges for debit/credit cards are going to be hiked. As per the information, if customers withdraw money more than the prescribed limit from the ATM, banks may impose more charges on the transactions. RBI increased the interchange fee for ATM transactions from Rs 15 to Rs 17 per financial transaction and from Rs 5 to Rs 6 for non-financial transactions. Similarly, ICICI Bank has issued a notice on its revised limits of cash transactions, ATM interchange, and chequebook charges to come into effect from August 1. The revision in the limits of Cash Transaction Charges will be according to the account types.

Source: dna July 19, 2021 14:03 UTC