ATM cash withdrawal charges hiked from May 1, 2025: Check latest ATM charges of SBI, HDFC Bank, ICICI Bank, PNB, Yes Bank

The Reserve Bank of India (RBI) has hiked ATM cash withdrawal charges from May 1, 2025. The new charges will apply if bank customers exceed their monthly free transaction limits. As per the new rule, banks are permitted to charge a maximum of Rs 23 per transaction if customers exceed their monthly free transaction limits. In addition, applicable taxes will be charged separately. This cap applies to both financial and non-financial transactions.

Here are the latest ATM cash withdrawal charges for the State Bank of India (SBI), HDFC Bank, ICICI Bank, Punjab National Bank (PNB), IndusInd Bank, and Yes Bank.

According to HDFC Bank's website, "With effect from May 1, 2025, ATM transaction charges beyond the free limit of Rs.21 + taxes would be revised to Rs .23 + taxes, wherever applicable."

According to PNB's website, "It is to inform that the customer charges for over and above free transactions on other banks' ATMs are revised to Rs.23/- per financial transaction and Rs.11/- per non-financial transaction (excluding GST) w.e.f. 09.05.2025."

According to IndusInd Bank's website, "All savings/salary/NR/current account customers will be charged Rs.23 per transaction for ATM cash withdrawals made at non-IndusInd Bank ATMs, beyond the free limits, effective May 1, 2025."

SBI Bank is yet to update its ATM charges, as per their bank’s website. Once you have used up your monthly quota of free ATM transactions, SBI will charge you Rs 15 + GST per transaction at SBI ATMs, regardless of your location. If you use other banks’ ATMs, the charge is higher—Rs 21 + GST per transaction, across all areas, including metro cities.

ICICI Bank has not yet announced any changes to its ATM fee structure after the free transaction limit. Currently, customers are allowed five free ATM transactions per month, which include both financial and non-financial transactions. After exceeding this limit, the bank charges Rs.21 for each financial transaction and Rs.8.50 plus applicable GST for each non-financial transaction.

The first 5 transactions per month are free; thereafter, financial transactions are charged at Rs.23 each, and non-financial transactions at Rs.10 each.