RBI's New ATM Transaction Rules Take Effect from May 1: Charges, Revised Limits – All You Need to Know
The Reserve Bank of India (RBI) has made major changes to the rules for ATM transactions, which are to be implemented from May 1, 2025 . These changes are part of the RBI initiatives to make banking transparent and operationally sustainable within the country and affect millions of customers in India. According to the latest RBI news today, both the charges and the free limitations on transactions have been updated, and the customers and businesses at Eximpe should keep up with the changes and adjust to the new environment. Key Highlights of the RBI Guidelines for Banks Revised Free Transaction Limits: Under the new RBI guidelines for banks, the individuals in the metro cities are now entitled to three free ATM transactions in a month, whereas five free ATM transactions are given in the non-metro areas. Some of these limits are both cash transactions (cash withdrawals) and non-cash transactions (balance inquiries or mini-statements). The rules are applicable to ATMs under your lo...