Starting May 1, 2025, the Reserve Bank of India‘s (RBI) updated framework for ATM transaction charges will come into force, bringing changes to free transaction limits, charges for additional transactions, and interchange fee structures across the country.
Under the new guidelines, customers will be entitled to a set number of free ATM transactions each month—three in metropolitan areas and five in non-metropolitan regions. These free transactions include both financial and non-financial activities.
Once customers exceed their monthly free transaction limits, banks will be allowed to charge up to Rs 23 per transaction, with applicable taxes added. These charges apply to both financial and non-financial transactions and extend to usage at Cash Recycler Machines (CRMs), excluding cash deposits.
Several major banks, including HDFC Bank, Punjab National Bank (PNB), and Kotak Mahindra Bank, have already begun notifying customers of the changes.
According to HDFC Bank, “With effect from 1st May 2025, the ATM transaction charge rate beyond free limits will be revised from Rs 21 + taxes to Rs 23 + taxes, wherever applicable.” The bank clarified that at HDFC Bank ATMs, only cash withdrawals beyond the free limit will incur charges, while non-financial transactions remain free. However, at other banks’ ATMs, both financial and non-financial transactions will be counted toward the free transaction limit.
PNB also announced revisions, stating, “Customer charges for transactions over and above free limits at other banks’ ATMs are revised to Rs 23 per financial transaction and Rs 11 per non-financial transaction (excluding GST) with effect from 9th May 2025.”
IndusInd Bank, too, has updated its policy: “All Savings, Salary, NRI, and Current Account customers will be charged Rs 23 per transaction for ATM cash withdrawals at non-IndusInd Bank ATMs beyond free limits, effective 1st May 2025.”
As these changes take effect, customers are advised to:

Also read: India committed to reforms, says RBI governor
The RBI’s move aims to streamline ATM usage charges while encouraging the adoption of digital banking alternatives.
Reserve Bank of India data revealed cash withdrawals decreased from over 57 crore transactions in January 2023 to 52.72 crore in January 2024, with a further reduction to 48.83 crore by January 2025. Despite this trend, cash continues to play a vital role in India’s economy. The 2021 fee adjustment supported ATM infrastructure expansion.
The average monthly ATM withdrawals in FY24 stood at Rs 1.43 crore, reflecting a 5.51 per cent yearly growth. NPCI communications detailed a Rs 7 interchange fee for balance enquiries in Nepal and Bhutan, exclusive of GST, whilst retaining current cash withdrawal rates. These updated charges exclude Micro-ATMs, interoperable cash deposits, and international ATM operations.

Gold bars are stacked in a vault. File
| Photo Credit: AP

Gold prices on Monday (April 28, 2025) declined ₹391 to ₹94,601 per 10 grams in futures trade amid muted spot demand.

On the Multi Commodity Exchange (MCX), gold contracts for June delivery traded lower by ₹391 or 0.41% to ₹94,601 per 10 grams in a business turnover of 17,572 lots.

Analysts attributed the fall in gold prices to weak global cues.

In the international markets, gold futures declined 0.99% to $3,286.89 per ounce in New York.

A guard walks past the Reliance Industries logo in Navi Mumbai. File
| Photo Credit: Reuters

Shares of Reliance Industries Limited on Monday (April 28) jumped nearly 4% after the firm reported a 2.4% rise in March quarter net profit.

The blue-chip stock climbed 3.60% to ₹1,346.90 on the BSE.

At the NSE, it surged 3.58% to ₹1,347 apiece.

The stock emerged as the biggest gainer among the Sensex and Nifty firms.

The 30-share BSE benchmark gauge jumped 778.49 points to 79,991.02 in morning trade. The NSE Nifty rallied 219.45 points to 24,258.80.

Reliance Industries Ltd. on Friday (April 25) reported a 2.4% rise in March quarter net profit as store rationalisation in retail business and improved margins in telecom helped offset weakness in mainstay oil and petrochemicals business and higher finance cost.

Consolidated net profit of ₹19,407 crore, or ₹14.34 per share, in January-March — the fourth quarter of April 2024 to March 2025 fiscal (FY25) — was higher than ₹18,951 crore, or ₹14 a share, in the same period a year back, the company said in a statement.

Profit was also up sequentially from ₹18,540 crore in the October-December quarter.

Annual profits were almost unchanged at ₹69,648 crore but the oil-to-telecom-and-retail conglomerate became the first company to hit a networth of over ₹10 lakh crore in 2024-25. Last year, it became the first company to hit a market cap of ₹20 lakh crore.

In the fourth quarter, increased subscriber base led to higher earnings in the telecom business while a rationalisation of stores and pick up in quick commerce improved retail metrics. The oil-to-chemicals (O2C) business however saw pre-tax earnings fall on lower fuel cracks and polyester chain margins.

The profit before tax (EBITDA) rose 3.6% to ₹48,737 crore. This was despite an almost 7% rise in finance cost due to higher debt (₹3.47 lakh crore as of March 31, 2025, compared to ₹3.24 lakh crore a year back).

Jio Platforms Ltd, the unit that houses the telecom and digital businesses, saw profits rise by 26% to ₹7,022 crore in Q4 and 22% in full-year (₹26,120 crore).