Archive · 2 Jun 2025
ATM Charges Increase, Tax Filing Simplified, and Bank Mergers Begin
Starting today, several financial changes are happening.
ATM fees are increasing, with banks possibly charging more for transactions beyond a free limit.
The government is making it easier to file your taxes, letting some people use a simpler form.
Also, some rural banks are merging to make the banking system simpler.
These changes affect how you use ATMs, pay taxes, and how some banks work.
ATM charges have increased, with banks potentially charging up to ₹23 plus taxes for transactions beyond the free monthly limit.
Interchange fees between banks for ATM services have also been revised.
The Income Tax Department has simplified ITR forms, allowing some with long-term capital gains to use the simpler ITR-1 form.
The 'One State, One RRB' policy is now in effect, merging 15 regional rural banks across 11 states.
HDFC Bank, PNB, and IndusInd Bank have already informed customers about the changes.
- Who
- ATM users, taxpayers, and regional rural bank customers.
- What
- Increased ATM charges, simpler ITR forms, and bank mergers.
- When
- Starting today.
- Where
- Across India.
- Why
- To revise fees, simplify tax filing, and streamline banking.
- New ATM Charge
- Up to ₹23 + taxes per transaction beyond free limit
- Interchange Fee (Financial)
- ₹19
- Interchange Fee (Non-financial)
- ₹7
- ITR-1 Form Usage
- Individuals with long-term capital gains up to ₹1.25 lakh
- RRB Merger Impact
- Reduction from 43 to 28 banks