Archive · 19 Jun 2025
Banks Increase ATM Fees: ICICI, Axis, and Federal Bank Updates
Several banks, like ICICI, Axis, and Federal Bank, are changing their fees starting July 1, 2025.
This means you might pay more for using ATMs, especially after a certain number of free transactions.
If you take out cash from an ATM abroad, you'll also pay extra.
Also, there are fees for things like sending money through IMPS and getting demand drafts.
To avoid these fees, it's smart to keep track of your transactions and consider using digital payment methods instead.
ICICI, Axis, and Federal Bank are revising service charges from July 1, 2025.
ATM transaction fees apply after free limits, varying by bank and location.
International ATM withdrawals cost Rs 125 plus 3.5% conversion fee.
Demand draft charges include a minimum fee and charges based on amount.
Customers are advised to monitor transactions and consider digital alternatives.
- Who
- ICICI, Axis, and Federal Bank customers, as well as customers of other banks.
- What
- Banks are revising service charges, including ATM, IMPS, and demand drafts.
- When
- Changes take effect from July 1, 2025, with some already in effect.
- Where
- Applies to services offered by ICICI, Axis, and Federal Bank, among others.
- Why
- To revise service charges for various banking transactions.
- Effective Date
- July 1, 2025 (ICICI and Axis Bank)
- Domestic ATM Fee (Financial)
- Rs 21 - Rs 23 after free limit
- International ATM Fee
- Rs 125 + 3.5% conversion fee
- Demand Draft Fee
- Rs 50 - Rs 15,000
- Free ATM Transactions (Metro)
- 3 per month (ICICI and Axis Bank)
- Free ATM Transactions (Other)
- 5 per month (ICICI and Axis Bank)