These banks allows unlimited ATM transactions

     Written by : SMTV24x7 | Thu, Jul 19, 2018, 04:54 PM

These banks allows unlimited ATM transactions

New Delhi, July 19:In a shocking good news, Here's a look at the number of free ATM transactions allowed by SBI, ICICI Bank and HDFC Bank to their customers every month, and the charges levied for additional transactions thereafter:


State Bank of India (SBI):Photo


SBI allows its customers to make unlimited transactions at State Bank group ATMs free of cost under certain conditions. The customer is required to have maintained a certain monthly average balance in the previous month to be eligible for this service. For example, if the customer maintains an MAB of more than Rs. 1 lakh in a month, he or she is allowed to make unlimited transactions at State Bank group ATMs the next month, according to the bank's website.


If the customer is not able to meet the conditions that make him or her eligible for unlimited transactions at ATMs in a month, there are certain charges that apply for any transactions above the permitted monthly limit of free transactions. For any such transactions at SBI group ATMs, the bank levies a fee of Rs. 10 for every financial transaction - which means a transaction involving cash - and Rs. 5 for every non-financial transaction.


ICICI Bank:Photo


ICICI Bank allows its regular savings account customers to make three transactions free of cost every month at its own ATMs, according to the bank's website - icicibank.com. This includes transactions of financial as well as non-financial nature. In case of ATMs of other banks, ICICI Bank allows such customers three transactions free of cost in six metros (Mumbai, Delhi, Chennai, Kolkata, Bengaluru and Hyderabad) every month. Outside these metros, the bank allows five transactions free of cost every month. In both cases, the transactions include those of financial as well as non-financial nature, according to the ICICI Bank website.


Additional transactions - over and above the permitted number of free transactions in any case - are charged at Rs. 20 per financial transaction and Rs. 8.50 per non-financial transaction, according to ICICI Bank.


HDFC Bank:Photo


HDFC Bank allows customers holding savings and salary accounts with it five transactions free of cost every month at its own ATMs, according to its website - hdfcbank.com. At ATMs of other banks, HDFC Bank allows such customers three transactions free of cost in metros and five transactions free of cost in non-metros, according to the bank.


Additional transactions - beyond the permitted number of free transactions - are charged at Rs. 20 plus applicable taxes per cash withdrawal, and Rs. 8.50 plus applicable taxes per non-financial transaction, according to the HDFC Bank website.