Major ATM Rule Changes To Impact Customers From April 1

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Customers must prepare for revised ATM rules and cash limits from HDFC, PNB, and Bandhan Bank starting this April.

Consumers must adapt to stricter banking policies as the new financial year begins. Consequently, several major lenders will alter their transaction frameworks. These revisions specifically target automated teller machine usage and daily withdrawal caps. Therefore, account holders should review their banking habits before April 1.

HDFC Bank plans to modify its calculation method for complimentary transactions. The lender will now treat cardless cash withdrawals equally with standard physical card usage. This update affects users accessing funds via the Interoperable Cardless Cash Withdrawal system. Once limits expire, customers face a fee of Rs 23 per transaction.

Currently, HDFC allows five free monthly withdrawals for salary and savings accounts. However, clients using non-lender machines receive three complimentary transactions in metropolitan regions. Rural and semi-urban customers retain five free transactions at competing terminals. This policy highlights a broader industry shift towards digital payment adoption.

Meanwhile, Punjab National Bank has significantly reduced its daily cash access limits. The state-run institution halved the cap for Platinum, Gold, and Business cards. These customers can now withdraw only Rs 50,000 daily instead of Rs 1 lakh. Additionally, Select and Signature cardholders face a reduced threshold of Rs 75,000.

Bandhan Bank will update its transactional policy framework alongside its peers. The private lender offers complimentary financial services at its native machines. Conversely, it restricts free usage at external terminals based on geographical location. Metropolitan users receive three free visits, while non-metro clients secure five.

Major cities in this bracket include Mumbai, New Delhi, Chennai, Kolkata, Bengaluru, and Hyderabad. Subsequently, banks will apply standard scheduled charges once clients exceed these allowances. These industry adjustments encourage users to minimise physical cash dependency and embrace digital alternatives.

(Source: News 18)

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