Bhubaneswar, March 22: With the traditionally new financial year (FY) that officially begins from April 1 onwards till March 31 the next year across India, several banks in the country are reportedly all set to implement certain new rules for the usage of respective ATMs.
Media reports stated that the new changes focus on “boosting up digital access” by “introducing QR-based cash withdrawals” and “free limits for UPI cash withdrawals” along with “transaction charges”.
As reported, the public sector Punjab National Bank (PNB) has reportedly revised its daily cash withdrawal limits by debit card. The new rule would permit the PNB debit card customers to “withdraw between Rs 50,000 and Rs 75,000 per day, depending on the card type.”
It has also been reported, “Some cards that earlier allowed withdrawals of up to Rs 1 lakh will now have lower limits.”
Leading corporate sector bank HDFC would from April 1 (FY26-27) “charge Rs 23 per transaction, excluding taxes” if a bona fide HDFC debit card customer goes beyond the stipulated “five free limit” of withdrawals “per month”.
Also need to be added here that, the HDFC Bank reportedly “allows three free transactions at ATMs of other banks in metro cities”, while it allows its customers “five free transactions in non-metro areas.”
