The National Payments Corporation of India (NPCI) and the Reserve Bank of India (RBI) have approved an increase in the ATM interchange fee for cash withdrawals from Rs 17 to Rs 19, with effect from May 1, 2025.
What will the new fee be?
The new fee after this hike will be as follows:
For financial transactions i.e. cash withdrawal: It will be increased from Rs 17 to Rs 19 per transaction.
For non-financial transactions i.e. balance inquiries and other such things: It will be raised to Rs 7 per transaction from the existing Rs 6.
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