Know about Free ATM Transactions & Monthly Limits of BANKS

  • SBI BANKS

DGSDFGS.JPG

SBI allows its customers to make unlimited transactions at State Bank group ATMs free of cost under certain conditions. The customer is required to have maintained a certain monthly average balance in the previous month to be eligible for this service. For example, if the customer maintains an MAB of more than Rs. 1 lakh in a month, he or she is allowed to make unlimited transactions at State Bank group ATMs the next month, according to the bank’s website.

Previous month MAB in savings bank account Charges beyond permitted number of free transactions
Unlimited transactions via mobile/internet banking Above Rs. 25,000 Rs. 5 for financial transactions
Unlimited transactions at other bank ATMs Above Rs. 1 lakh Rs. 20 for financial transactions; Rs.8 for non-financial transactions
Unlimited transactions at State Bank group ATMS Above Rs. 25,000 Rs. 10 for financial transactions; Rs.5 for non-financial transactions

If the customer is not able to meet the conditions that make him or her eligible for unlimited transactions at ATMs in a month, there are certain charges that apply for any transactions above the permitted monthly limit of free transactions. For any such transactions at SBI group ATMs, the bank  levies a fee of Rs. 10 for every financial transaction – which means a transaction involving cash – and Rs. 5 for every non-financial transaction.


 

  • ICICI BANK

DFHGDG.JPG

ICICI Bank allows its regular savings account customers to make three transactions free of cost every month at its own ATMs, according to the bank’s website – icicibank.com. This includes transactions of financial as well as non-financial nature. In case of ATMs of other banks, ICICI Bank allows such customers three transactions free of cost in six metros (Mumbai, Delhi, Chennai, Kolkata, Bengaluru and Hyderabad) every month. Outside these metros, the bank allows five transactions free of cost every month. In both cases, the transactions include those of financial as well as non-financial nature, according to the ICICI Bank website.

Free transactions in a month at ICICI Bank ATMs Free transactions in a month at non-ICICI Bank ATMs Charges beyond the permitted number of free transactions
3  (inclusive of financial and non-financial) 3 in 6 metro locations (inclusive of financial and non financial)  Rs. 20 per financial transaction and Rs. 8.50 per non financial transaction
5 in other location (inclusive of financial and non-financial)
Maximum of 5 in a month with a cap of 3 in 6 metro locations

Additional transactions – over and above the permitted number of free transactions in any case – are charged at Rs. 20 per financial transaction and Rs. 8.50 per non-financial transaction, according to ICICI Bank.


  • HDFC BANK

XB FGG FG.JPG

HDFC Bank allows customers holding savings and salary accounts with it five transactions free of cost every month at its own ATMs, according to its website – hdfcbank.com. At ATMs of other banks, HDFC Bank allows such customers three transactions free of cost in metros and five transactions free of cost in non-metros, according to the bank.

Account type No. of free transactions per month at HDFC Bank ATMs No. of free transactions per month at other bank ATMs Charges beyond prescribed limit of free
Savings and salary account 5 3 at metro ATMs; 5 at non-metro ATMs Rs. 20 plus applicable taxes for cash withdrawal; Rs.8.50 plus applicable taxes for non-financial transaction
Current account (Flexi, Plus, Max, Apex, Ultima, Merchant Advantage Plus and Supreme Current Account) Unlimited 3 at metro ATMs; 5 at non-metro ATMs Rs. 20 plus applicable taxes for cash withdrawal and non-financial transaction

Additional transactions – beyond the permitted number of free transactions – are charged at Rs. 20 plus applicable taxes per cash withdrawal, and Rs. 8.50 plus applicable taxes per non-financial transaction, according to the HDFC Bank website.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s