Tamil Nadu Chief Minister M K Stalin has raised concerns over the recent Reserve Bank of India (RBI) directive allowing banks to impose charges of up to Rs 23 on ATM withdrawals that exceed monthly limits. The CM criticized this move, stating that it would disproportionately impact economically vulnerable groups such as MNREGA workers and beneficiaries of the state’s Kudimaramathu (KMUT) scheme. He described the policy as ‘institutionalized extraction’, implying that it could further burden those already facing financial challenges. The RBI’s decision has sparked debate and criticism, with many questioning its impact on the common man. The CM’s statement adds to the growing chorus of voices expressing discontent with the new ATM withdrawal charges. The issue is likely to remain in the spotlight as stakeholders continue to evaluate its implications on the Indian banking sector and the broader economy.