As of may 1, the Reserve Bank of India has announced an increase fee in ATM withdrawal, raising the charges from Rs.21 to Rs.23 per transaction beyond the monthly free limit. here's some information you need to know:

New ATM fee Structure:

• Free Transaction Limits:- Customers are entitled to five transactions per month from their own bank and three free transactions from other bank's ATM, including financial and non-financial Transactions. beyond that customers are going to be charged.
• Non-Financial Transactions (example; Balance inquiries & mini statement):- This fee will increase from 6 to 7 per transactions.
• Metro and non-metro centers:- Customers can enjoy three free transaction in metro and five free transactions in no-metro centers from other bank ATMs.
• Exception:- International ATM withdrawals, interoperable cash deposits and mini ATM s are not covered by the updated charge structure.

 Impact on Customers:
1-Light Users:-Customers, who stays in their free transaction limits, won't notice any additional charges.
2-Digital adopters:-These charges will also promote the digital payment method to more people which will be more convenient for both customer and banks.
3-Frequent Users:-Those who depends mostly on ATMs for cash withdrawal can see a rise in their banking cost since every extra transaction over free limit will cost Rs23.

To reduce extra fees, Customers are recommended to be mindful of these changes and schedule their ATM use accordingly. The NPCI and RBI's decision to increase ATM withdrawal charges is part of a broad strategy to manage ATM costs and to encourage people towards digital payment methods.