NFS (national financial switch) which manages more than 50,000ATMs and handles more than 2.5 million transactions per day has decided to bring down the per transaction fee to 80 paise.
This amount was initially suggested at 100paise but most participating banks had protested indicating that it was way too high. Even now the transaction fee is much higher than other networks and it would put a strain on the CASA books of most banks.

As per Indian Bank’s Association new guidelines- Days of free ATM usage came to an end on October 15. From now on any transaction that you do on another bank’s ATM would cost you anywhere around Rs 20 . Also withdrawals will face a limit of Rs 10,000.

The guidelines, also recommend that the banks can offer
- savings-account holders 5 free 3rd party withdrawals every month and charge from the 6th transaction onwards.
- Current account holders can be charged the fees, which ranges from Rs 18 to Rs 20, from the very first transaction.

Axis Bank, which has the third largest ATM network in the country, has decided to not charge any customer for third-party withdrawals. A part of the bank’s strategy to attract low-cost current account and savings account (CASA) customers.