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Keep count of ATM visits as banks levy charges for service

Keep count of ATM visits as banks levy charges for service

State Bank of India, Axis Bank and HDFC Bank have decided to charge its customers beyond five transactions in a month.

Photo for representation purposes only. (Source: Reuters) Photo for representation purposes only. (Source: Reuters)

From now onwards you might have to keep an exact count of the number of transactions done at automated teller machines (ATM) as banks have started charging you for the service.

State Bank of India, Axis Bank and HDFC Bank have decided to charge its customers beyond five transactions in a month.

At ATMs of other banks, account holders will be charged after three transactions. After exhausting the limit, banks will charge you Rs 20 for financial and around Rs 8 (excluding taxes) for non-financial transactions.

Earlier, five transactions were free at other banks' ATMs and there was no limit on transactions in the bank's own ATMs. The new set of rules is applicable in six metro cities - Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad.