Most banks hold off revised ATM charges, for now

MUMBAI: Leading banks, including ICICI Bank, HDFC Bank and Axis Bank, are continuing to offer free withdrawals from ATMs and five withdrawals at non-home bank ATMs even after the circular allowing them to restrict transactions comes into effect. 

Several public sector banks are also yet to revise their charges while private banks such as Kotak

Mahindra Bank and Yes Bank are allowing unlimited withdrawals from third-party ATMs to customers with larger balances. Axis Bank, which has the second largest network of 12,930 ATMs, has said that existing charges will continue for its customers. So have ICICI Bank and HDFC Bank, which have the third and fourth largest networks of 11,447 and 11,426. 

Kotak Bank continues to offer free withdrawals in ATMs across the country for customers maintaining a balance of over Rs 10,000. Yes Bank too offers unlimited access to all ATMs to most of its customers. 

Last month, the RBI had said that effective November 1, banks can start charging account holders in six metros — Delhi, Mumbai, Chennai, Kolkata, Hyderabad and Bangalore — for transactions more than five times a month at their ATMs.