The Reserve Bank of India (RBI) recently revised the fee structure for ATM and Cash Recycler Machine transactions, raising the charges by Rs 2. The new rates will come into effect from May 1, 2025. Under the updated guidelines, customers will be entitled to five complimentary transactions at their own bank’s ATMs, with a provision for a limited number of free transactions at other bank ATMs depending on the location. This move is aimed at rationalizing the cost of ATM transactions and promoting the use of digital payment methods. The RBI’s decision is expected to impact millions of bank customers across the country who regularly use ATMs for cash withdrawals and other transactions. It is essential for customers to be aware of these changes to avoid any unexpected charges while using ATMs. Stay updated with your bank’s communication regarding the revised fee structure to make informed decisions about your transaction patterns and optimize your banking experience.