RBI hikes ATM cash withdrawal fee to Rs 21, other charges also increased, check here

For other financial transactions, banks will now charge Rs 17, instead of Rs 16. 

New Delhi: The Reserve Bank of India (RBI) has increased the fees charged on cash withdrawal from Rs 20 to Rs 21. Currently, banks in India offer three to five free ATM transactions, including both financial and non-financial.  This means that Rs 21 will be charged from the sixth ATM transaction onwards. Banks will now charge Rs 17, instead of Rs 16, as interchane fee, a charge paid by the card issuer bank to the bank whose ATM is used to withdraw cash.  Meanwhile, the central bank has also increased the fees for non-financial transactions at ATMs from Rs 5 to Rs 6. Also Read: Do you frequently use ATM card? Here are 5 good practices to follow while withdrawing cash from ATM