ATM Charges Set to Rise: RBI, NPCI Approve Rs. 2 Hike in Interchange Fee from May 1, 2025

ATM charges are set to increase as the Reserve Bank of India (RBI) and the National Payments Corporation of India (NPCI) have approved a ₹2 hike in the interchange fee, effective from May 1, 2025. This increase aims to provide better compensation to ATM operators for their services and infrastructure maintenance. The revised fee structure is expected to impact transaction costs for customers, potentially leading to slightly higher charges for ATM usage. The RBI and NPCI's decision seeks to ensure the sustainability of the ATM network while balancing the interests of banks and consumers.