RBI increases ATM interchange charges

15 Jun 2021

The RBI raised the interchange fee on each financial transaction at an ATM which will come into effect from August 1, 2021.

▪️ The last time fee change was revised was in August 2014
▪️ The increase is after consultations with ATP operators who have cited increase in cost of ATM maintenance
▪️ Customers will continue to be eligible for 5 free transactions (inclusive of financial and non-financial transactions) every month from their own bank ATMs
▪️ Customers are also eligible for free transactions (inclusive of financial and non-financial transactions) from other bank ATMs – 3 transactions in metro centres and 5 transactions in non-metro centres

  Revised Charges Existing Charges Effective
Interchange fee for financial transactions Rs 17 Rs 15 August 1, 2021
Interchange fee for non-financial transactions Rs 6 Rs 5 August 1, 2021
Beyond free transactions at ATM charged to customers Rs 21 Rs 20 January 1, 2022

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