Regulatory ATM rule changes

Indian Banks Revise ATM Rules, UPI Withdrawals

Analysis based on 11 articles · First reported Mar 17, 2026 · Last updated Mar 30, 2026

Sentiment

Attention

Articles

Market Impact

Direct

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Market Impact

The changes in ATM rules by HDFC Bank and Punjab National Bank will directly impact customers' daily cash access and banking costs, potentially encouraging greater adoption of digital payment methods. These adjustments reflect a broader trend towards standardizing transaction charges and managing cash flow within the banking sector.

Banking Financial services

Event Summary

Effective April 1, several banks in India, including HDFC Bank and Punjab National Bank, have implemented new ATM rules. HDFC Bank will now include UPI-based cash withdrawals in the monthly free transaction limit, charging Rs 23 plus taxes for transactions exceeding this limit. Punjab National Bank has revised daily ATM withdrawal limits for certain debit cards, such as RuPay NCMC Platinum Domestic Debit Card, reducing them to Rs 50,000 or Rs 75,000 depending on the card type. Meanwhile, Reliance Industries===Jio Payments Bank has introduced a new service allowing cash withdrawals by scanning a UPI QR code. These changes aim to standardize transaction rules and encourage digital payments.

Key Actions

90 HDFC Bank included UPI withdrawals in free transaction limits

85 HDFC Bank introduced a charge of Rs 23 per withdrawal after free limit

80 Punjab National Bank revised ATM withdrawal limits for select debit cards

40 Reliance Industries===Jio Payments Bank launched a new service for UPI QR code cash withdrawals

Entities Involved

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HDFC Bank

HDFC Bank has announced that UPI-based cash withdrawals at ATMs will now be included in the monthly free transaction limit, and customers exceeding this limit will be charged Rs 23 per withdrawal. This change aims to standardize transaction charges across different withdrawal methods.

Importance 90 Sentiment 0

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Punjab National Bank

Punjab National Bank has announced changes to ATM withdrawal limits for select debit cards, effective April 1. Daily limits will be revised, with customers able to withdraw up to Rs 50,000 or Rs 75,000 per day, depending on their card type.

Importance 80 Sentiment 0

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India===Unified Payments Interface

UPI-based cash withdrawals are now being integrated into the free transaction limits by banks like HDFC Bank, standardizing how these transactions are counted. The UPI QR code scanning feature is also being utilized by Reliance Industries===Jio Payments Bank for cash withdrawals.

Importance 70 Sentiment 0

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Reliance Industries===Jio Payments Bank

Reliance Industries===Jio Payments Bank has introduced a new service allowing customers to withdraw cash by scanning a UPI QR code and authorizing the transaction through a UPI app. This service will be available through its business correspondent touchpoints.

Importance 40 Sentiment 0

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RuPay

RuPay debit cards, specifically the RuPay NCMC Platinum Domestic Debit Card, RuPay NCMC Platinum International, and RuPay Women Power Platinum debit cards, are among those affected by Punjab National Bank's revised ATM withdrawal limits.

Importance 30 Sentiment 0

Relationships

HDFC Bank related ↔ Punjab National Bank

HDFC Bank related ↔ India===Unified Payments Interface

Punjab National Bank related ↔ India===Unified Payments Interface

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