HDFC Bank will include UPI-based cash withdrawals via ATMs in the monthly free transaction limit. This means that UPI withdrawals will be treated like regular ATM withdrawals. Transaction charges will apply once the customer exceeds the monthly free limit.
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New ATM-related rules for several banks have come into effect today, April 1st. These include HDFC Bank, Punjab National Bank (PNB), and Bandhan Bank. The new rules will impact customer withdrawal limits, free transaction limits, and charges. Let’s explore these changes in detail.
New Cash Withdrawal Rules at HDFC Bank
HDFC Bank will include UPI-based cash withdrawals through ATMs in the monthly free transaction limit. This means that UPI withdrawals will be treated like regular ATM withdrawals. Once a customer exceeds the monthly free limit, a charge will apply. Up to five transactions are free. This rule came into effect on April 1st. After the free limit is reached, customers will have to pay ₹23 (plus taxes) per transaction.
PNB Reduces ATM Card Withdrawal Limit
Punjab National Bank (PNB) has reduced the daily cash withdrawal limit for several of its debit card variants. Cards that previously had a daily withdrawal limit of up to ₹100,000 have been reduced to ₹50,000. Premium cards, which previously had a daily withdrawal limit of ₹150,000, have been reduced to ₹75,000. This change applies to RuPay, Visa, and Mastercard debit card variants.
Bandhan Bank’s ATM Usage Policy Changed
Bandhan Bank has revised its ATM usage policy. These changes specifically relate to transactions from other bank ATMs. Five financial transactions per month will be free at Bandhan Bank ATMs. There is no limit on non-financial transactions. Customers will be able to make three free transactions per month through other bank ATMs in metro cities.
Five free transactions will be allowed in non-metro cities. After the free limit, financial transactions will cost ₹23 per transaction. Non-financial transactions will cost ₹10 per 10 transactions. If a transaction fails due to insufficient balance, a penalty of ₹25 will be imposed per transaction.
New Income Tax Rules Also Implemented From April 1
Banks have made these changes with the new financial year. The new financial year, 2026-27, begins on April 1. The new Income Tax Act and new rules come into effect on April 1. Furthermore, the rules for using PAN have also changed. In India, the financial year begins on April 1 and ends on March 31.
