Bank ATM Transaction Charges: ATM withdrawals and deposits are not free of cost. When you make a transaction at ATMs, banks make you pay a certain amount for each transaction. The transaction charges may vary from bank to bank. Hence, customers should be aware of these charges, which could be a percentage of the total amount withdrawn/deposited or a fixed amount. Here are details of how much ICICI Bank, SBI, HDFC Bank, and Axis Bank charge for each transaction:
ICICI Bank ATM transaction charges:
Cash transactions (deposits and withdrawals) at the base branch in the same city is nil for the first four transactions in a month. Thereafter Rs 5 per thousand rupees. Any cash deposit to the customer’s savings account at a non-base branch in another city will attract a charge of Rs 5 per thousand rupees. At the cash recycler machine, there is no charge for the first cash deposit of a calendar month; thereafter the bank charges Rs 5 per thousand rupees.
ATM Interchange (transactions at non-ICICI Bank ATMs): First 3 transactions (inclusive of financial and non-financial) in six metro locations – Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad – in a month are free.
Transactions at ICICI Bank ATMs/cash recycler machines: First five transactions (inclusive of financial and non-financial) in a month are free in non-metro cities, there are three free transactions in six metro locations. Thereafter, Rs 20 per financial transaction and Rs 8.50 per non-financial transaction will be charged.
SBI Bank ATM transaction charges:
Transactions at State Bank Group ATMs: Free
Other bank ATMs: Up to five transactions during a calendar month for savings bank account are free
Other bank ATMs: Beyond five transactions (in Savings account) AND other than savings account:
Financial Transaction: Rs 17 (including service tax)
Non-financial transaction: Rs 6 (including service tax)
HDFC Bank ATM transaction charges:
There are three transactions free at metro ATMs, while five transactions free at non-Metro ATMs. Thereafter, the bank will charge Rs 20 on per cash withdrawal plus applicable taxes for savings and salary accounts.
For the non-financial transactions, the bank charges Rs 8.50 plus applicable taxes.
Charges for use at non-HDFC Bank international ATMs: Rs 25 plus applicable taxes per balance enquiry and Rs 110 and other applicable taxes per cash withdrawal.
Axis Bank ATM transaction charges:
Axis Bank ATMs: First 5 financial and non-financial transactions are free of cost
Non- Axis Bank ATMs: First three financial and non-financial transactions are free in metro locations – Mumbai, Delhi-NCR, Chennai, Kolkata, Bangalore and Hyderabad. First 5 financial and non-financial transactions are free for non-metro locations.
Axis/non-Axis Bank ATMs: Cash withdrawal fees beyond limits: Rs 20 per transaction.
Axis/Non-Axis Bank ATMs: Balance enquiry fees beyond limits is Rs 8.5 per transaction.