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Are your ATM transactions free?

While there are numerous options available for carrying out cash-less transactions, sometimes we may have to visit ATMs for cash. But are these ATM transactions free?

How many transactions are free from own bank ATMs?

Customers are eligible for 5 free transactions (inclusive of financial and non-financial transactions) every month from their own bank ATMs. 

For eg. a customer can carry out 5 free transactions in a month at the State Bank of India’s ATM for the bank account maintained with State Bank of India.

How many transactions are free from other bank ATMs?

Customers are eligible for free transactions (inclusive of financial and non-financial transactions) from other bank ATMs as follows –

  1. In metro centres – 3 transactions per month
  2. In non-metro centres – 5 transactions per month 

For eg. a customer can carry out 3 free transactions in a month at the State Bank of India’s ATM in Mumbai for the bank account maintained with Bank of Maharashtra and 5 free transactions in a month at the Bank of Maharashtra’s ATM in Nagpur for the bank account maintained with Bank of Baroda.

What happens if number of transactions exceed the limits?

(Updated on March 28, 2025)

Beyond the free transactions, the banks can charge the customers maximum ₹23 (+ taxes) per transaction (w.e.f. May 01, 2025).


References

Reserve Bank of India. (2021, June 10). 'Usage of Automated Teller Machines / Cash Recycler Machines - Review of Interchange Fee and Customer Charges (Updated as on March 28, 2025)'. Retrieved from https://website.rbi.org.in/web/rbi/-/notifications/usage-of-automated-teller-machines-cash-recycler-machines-review-of-interchange-fee-and-customer-charges-12111?p_l_back_url=%2Fweb%2Frbi%2Fsearch%3Fq%3DUsage%2Bof%2BAutomated%2BTeller%2BMachines%2B%2B%2BC


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