Tamil Nadu Chief Minister M K Stalin has raised concerns over the Reserve Bank of India’s (RBI) recent directive allowing banks to impose charges of up to Rs 23 for ATM withdrawals that surpass monthly limits. The Chief Minister has criticized this move, stating that it will disproportionately affect economically vulnerable groups such as MNREGA workers and beneficiaries of the state’s Kudimaramathu (KMUT) scheme. He has described the policy as ‘institutionalised extraction’, highlighting the potential negative impact on those already facing financial hardships. The criticism comes amid growing debate over the financial burden imposed on individuals by additional charges in various banking transactions. The CM’s remarks underscore the need for a balanced approach to financial policies that consider the welfare of all segments of society. The RBI’s decision has sparked a discussion on the implications of such charges on the common people, especially those who heavily rely on cash transactions for their daily needs. Stakeholders are closely monitoring the situation to assess the full impact of these new regulations on the financial landscape in India. The debate surrounding ATM withdrawal charges reflects broader concerns about financial inclusion and accessibility to essential banking services, particularly for marginalized communities.