Kotak Mahindra Bank has revised its ATM transaction fees following new guidelines from the Reserve Bank of India ...

Recently, RBI announced that customers will be charged a fee of Rs 23 per transaction for ATM banking services from May 1, 2025. Earlier, the charge was Rs 21 per transaction. Kotak Mahindra Bank has ...

It is important to note that the increased ATM charges will be applicable if the banks customer exhaust his/her free ATM ...

Kotak Mahindra Bank is set to revise its ATM transaction fees, effective May 1, 2025, following RBI guidelines. The charges ...

Also read: ATM withdrawals to get costlier from May 1 as ... Debit Card / ATM Usage Fee According to the Kotak Mahindra Bank website, “Cash Transaction Limit for Edge Savings/Salary/Nova ...

HDFC Bank – Strong asset quality and early signs of growth recovery. Kotak Mahindra Bank – Strong ROA despite elevated credit costs and healthy loan growth.” AU Small Finance Bank-“Better ...

As per the fresh guidelines, customers will soon have to pay Rs 23 for each transaction exceeding their free withdrawal limit, both at their own bank’s ATMs and those of other banks. Harsh ...

Kotak has also flagged that due to the slow growth of low-cost retail deposits, banks are relying on expensive bulk deposits and lending at negative margins. Kotak Mahindra Bank founder Uday Kotak ...

The Reserve Bank on Friday permitted banks to increase charges on ATM cash withdrawals beyond the free monthly usage ... Tata Steel, Power Grid, NTPC, Kotak Mahindra Bank, Reliance Industries and ...

The Reserve Bank on Friday (March 28, 2025) permitted banks to increase charges on ATM cash withdrawals beyond the ... exhausts the free transaction limit. The RBI further said the instructions ...