The Reserve Bank of India (RBI) has approved a hike in ATM interchange fees, making cash withdrawals costlier by ₹2, effective from 1st May, 2025. The fee for financial transactions at ATMs now stands at ₹19. The fee for non-financial transactions at ATMs has also been hiked by ₹1 to ₹7. RBI had previously revised the fees in 2021.