April 1, 2026 The banking landscape in India is shifting as of Several leading banks have revised their policies regarding ATM usage rules, focusing specifically on daily withdrawal limits and how free ATM transactions are calculated.
Below are the factual details of the changes you need to know to manage your cash effectively.
HDFC Bank: New ATM Rules and UPI Integration
HDFC Bank is tightening its policy on cardless transactions and monthly quotas.
- UPI Cash Withdrawals: All cash withdrawals made using the UPI QR code feature at ATMs will now be counted as part of your monthly free ATM transaction limit.
- Standard Free Quota: Customers get 5 free transactions at HDFC ATMs. For other bank ATMs, the limit is 3 in metros and 5 in non-metro locations.
- Increased Charges: Hdfc bank Once you exceed your free limit, you will be charged rupees 23 plus GST per financial transaction.
- The 7:30 PM Cut-off: Transactions made after 7:30 PM are digitally processed as the next day’s activity. If you withdraw cash at 8:00 PM on the last day of the month, it will be deducted from the following month’s free quota.
Punjab National Bank (PNB): Revised Daily Withdrawal Limits
PNB is implementing new daily withdrawal limits primarily for its premium debit cardholders to enhance security.
- Limit Reductions: The maximum daily cash withdrawal limit for high-end cards (like RuPay Select and Visa Signature) is being lowered from ₹1,00,000 to ₹50,000.
- Daily POS Limits: The limit for Point of Sale (POS) transactions is also being capped at ₹1,25,000 for these specific card variants.
- Security Focus: These changes are designed to mitigate the risk of large-scale fraud in the event of card theft or cloning.
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Bandhan Bank: New Transaction Limits and Fees
Bandhan Bank has clarified its fee structure for both its own machines and “Other Bank” ATMs.
- Own ATM Transactions: You get 5 free financial transactions per month. Interestingly, non-financial transactions (like mini-statements) remain free at Bandhan’s own ATMs.
- Other Bank ATM Limits: A combined limit of 3 free transactions in metro cities and 5 in non-metro areas applies.
- Penalty for Insufficient Balance: If an ATM transaction fails because you don’t have enough money in your account, Bandhan Bank will charge a penalty fee of ₹25.
- Post-Limit Charges: After exhausting free limits, financial transactions cost ₹23 and non-financial ones cost ₹10.
General Industry Updates for April 2026
Beyond these specific banks, the broader industry is seeing a rise in costs:
Interchange Fee Increase: The interchange fee (the fee your bank pays to the ATM owner) has increased to ₹19 for financial and ₹7 for non-financial transactions.
GST Impact: All the mentioned fees (the ₹23 or ₹10 charges) are subject to an additional 18% GST.
Metro City Definition: The “3-transaction limit” applies specifically to Mumbai, New Delhi, Chennai, Kolkata, Bengaluru, and Hyderabad.
Quick Tips to Save on ATM Charges
- Check Your Balance via App: Avoid using the ATM for balance inquiries to save your free transaction slots for actual cash.
- Consolidate Withdrawals: Instead of withdrawing ₹2,000 four times, withdraw ₹8,000 once to use only one “free” slot.
Use UPI for Payments: Use direct UPI scanning at shops to avoid the need for physical cash altogether. - http://For More Hindi News: http://newz24india.com