ATM: If you are a customer of Axis Bank and habit of withdrawing cash from ATM, then there is an important news for you. The bank has increased its ATM transaction charge from 1 July. Yes, this means that now you will have to pay more fees than before.
Now more charge on withdrawing cash from ATM in Axis Bank
AXIS Bank has decided to increase its ATM cash withdrawal fee from 1 July. If you withdraw money from ATM under a savings account, NRI account or trust account, now you will have to pay more than before. Earlier it was 21 rupees, now it will increase to 23 rupees. You have already been informed about this change, so that you can be ready for it.
Changes due to new guidelines of RBI
Actually, these changes have been made due to the new guidelines of RBI. The RBI had ordered all banks to change the interchange fee related to ATM transactions, due to which AXIS Bank has also increased its fees.
Changes in the limit of free transaction
The bank has set a limit of three free ATM transactions in metro cities a month, while in non-Metro cities this limit will be up to five transactions. After this, every ATM transaction will be charged Rs 23.
What to do to customers?
To avoid this change, you have to think about withdrawing money from ATM. If you live inside the free limit then there will be no problem, but you will have to pay more on crossing the limit. This is a significant change for Axis Bank customers, especially for those who regularly withdraw cash from ATMs. So from now on, keep in mind that withdrawing cash within the limit of free transaction as much as possible.
conclusion
If you are a customer of Axis Bank and withdraw cash from ATM again and again, you will now have to pay more attention. The new fees implemented by the bank from July 1 may cause some trouble to the customers. Therefore, check your limit before withdrawing cash from the ATM and avoid withdrawing more money, so that additional fees are not faced.
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