Claim: Banks are now going to charge 173 rupees for every ATM transaction beyond the permissible limit.
Fact-check: No, banks will not charge 173 rupees per ATM transaction beyond the permissible limit - FACTLY
Verdict: on 10 june 2021, rbi issued a notification by revising the interchange fees and customer service charges of automated teller machine  transactions. according to the new rbi regulations, customers are eligible for five free transactions every month from their own bank atms and three free transactions in other bank atms in metro centres. beyond the free transactions, banks are allowed to charge 21 rupees for every additional atm transaction. these rbi guidelines will come into force from 01 january 2022. the charges mentioned in the post are related to the cash transfer charges  in few private banks including icici, hdfc and hdfc. hence, the claim made in the post is misleading.
Organisation: FACTLY
Author: Dilip Kumar Sripada
Date published: 2021-08-19T12:23:02