Starting May 1, banks will charge ₹23 per withdrawal from ATMS after free monthly usage limit.
| Photo Credit: Sushil Kumar Verma

The RBI’s instructions on revised ATM usage cost have come into effect from Thursday (May 1, 2025) under which banks can charge ₹23 per cash withdrawal once a customer exhausts the free permissible limit in a month.

Earlier, banks were allowed to charge up to ₹21 per such transaction.

Customers are eligible for five free transactions (inclusive of financial and non-financial transactions) every month from their own bank Automated Teller Machines (ATMs). They are also eligible for free transactions (inclusive of financial and non-financial transactions) from other bank ATMs — three transactions in metro centres and five in non-metro centres.

On March 28, the Reserve Bank of India (RBI) had issued a circular on ‘Usage of Automated Teller Machines / Cash Recycler Machines – Review of Interchange Fee and Customer Charges’.

“Beyond the free transactions, a customer may be charged a maximum fee of Rs 23 per transaction. This shall be effective from May 01, 2025,” the RBI’s circular said. The revised instructions also apply to transactions done at cash recycler machines (other than for cash deposit transactions).

The RBI has, from time to time, issued various instructions on the number of free ATM transactions and maximum charges that can be levied on a customer beyond the mandatory free transactions. Instructions have also been issued by the RBI on interchange fee structure for ATM transactions.

The circular also said the ATM interchange fee will be as decided by the ATM network.

The current interchange fee per transaction is Rs 17 for financial transactions and Rs 6 for non-financial transactions in all centres.

There were 2,55,885 banks ATMs, cash recycler machines (CRMs) and white label ATMs (WLAs) at end-March 2025.

Global travel tech firm OYO on Thursday (May 1, 2025) said it plans to enter the food and beverage business with in-house kitchens and Quick Service Restaurant (QSR) carts at its company-serviced hotels.

The QSR initiative, under brand name ‘Townhouse Cafe’, will focus on the ‘Townhouse by OYO’ branded hotels. It will cover 1,500 company-serviced hotels during the first phase of the programme in FY2025-26.

Besides, guests can order meals through online platforms, including the OYO app and website, as well as online travel agents, by selecting the “Kitchen Services” option.

The kitchen setup would vary from a full-fledged commercial kitchen for an extensive menu or a pantry setup for essential food items, based on the individual hotel profile and back-end infrastructure.

“The F&B initiative is a result of consistent consumer feedback that the hotels should provide in-room dining options as well. The programme is expected to increase customer satisfaction scores.

“OYO is expecting F&B to contribute 5-10 per cent additional revenue at the hotel level on a stable state basis,” the company stated.

To test the concept, OYO launched a pilot programme since January this year across 100 company-serviced hotels in cities such as Delhi, Gurugram, Hyderabad and Bengaluru.

According to the company, the successful implementation of this pilot has paved the way for the nationwide rollout in the upcoming fiscal year.

“The initiative aims to enhance the in-hotel dining experience for guests by offering fresh, convenient, and quality meal options across its network.

“…OYO is developing a network of trusted F&B experts in key cities such as Delhi, Mumbai, Bengaluru, Hyderabad, Pune, Indore, Kolkata, Jaipur, and Lucknow,” Varun Jain, Chief Operating Officer at OYO, said.

Adani Ports Q4 results: Adani Ports witnessed a substantial 50% year-on-year increase in consolidated net profit, reaching Rs 3,023 crore for the quarter ending March 2024, compared to Rs 2,025 crore in the previous year’s corresponding period.
The company’s operational revenue grew by 23% year-on-year to Rs 8,488 crore, whilst EBITDA showed a 24% improvement, reaching Rs 5,006 crore in the fourth quarter.
“Our record-breaking performance in FY25—crossing Rs 11,000 crore in PAT and handling 450 MMT cargo—is a testament to the power of integrated thinking and flawless execution,” said Ashwani Gupta, Whole-time Director and CEO, APSEZ.
The company’s impressive performance was attributed to robust cargo growth, increased logistics volumes, and improved margins across primary operations.
The quarterly cargo volume reached 117.9 million metric tonnes (MMT), showing an 8% increase from 108.7 MMT in Q4FY24. Notably, Mundra Port processed 50.7 MMT in Q4, representing an 11% yearly increase, becoming India’s first port to exceed 200 MMT in a single financial year.
The organisation recorded a 23% year-on-year increase in container volumes during the quarter, with significant growth in both domestic and international operations, according to an ET report.
The logistics division’s revenue showed remarkable growth, increasing to Rs 1,030 crore in Q4FY25 from Rs 560 crore the previous year, supported by growth in trucking and integrated freight services.
Logistics division achieved an EBITDA of Rs 181 crore with margins reaching 18%. The marine services segment demonstrated substantial growth with revenue climbing 125% YoY to Rs 361 crore, whilst EBITDA increased 167% to Rs 259 crore.
CEO and Whole-Time Director Ashwani Gupta stated, “Our record-breaking Q4 performance reflects the strength of our integrated transport strategy. With consistent delivery across ports, logistics, and marine, we’ve set the foundation for the next phase of sustainable growth.”
The organisation maintained strict financial control, improving net debt-to-EBITDA ratio to 1.9x from 2.3x in the previous year. Q4 EBITDA margins remained steady at 59%, matching the previous year’s performance, supported by enhanced efficiency and operational advantages.
APSEZ expanded globally during the quarter, launching operations at Colombo’s West International Terminal and advancing towards acquiring Australia’s North Queensland Export Terminal. The company also enhanced operations at new terminals in Vizhinjam and Gopalpur.
Looking ahead to FY26, the company projects revenue between Rs 36,000-38,000 crore and EBITDA ranging from Rs 21,000-22,000 crore, suggesting continued growth momentum.