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Devaluation Indusind Revision in ATM Charges for Cash Withdrawal w.e.f 1st May 2025

I have a select account with them & till now they didnt charge extra for my select visa or MC variant if i withdraw from other bank ATM, but seems like now they will?




View attachment 88898
Its for all banks now....

 
So, select account is pretty much worthless now right? The cc payment points loopholes have been closed and the ones that are still working now will probably be closed soon. Bigbasket offer has been heavily devalued. Now, they'll start charging on other bank ATM transactions.
What other select-exclusive benefits are you all using?
 
It was less for all banks, Now RBI has approved the new charges and every bank has to implement it
It's no mandatory, that every bank has to implement, it's just RBI increased the cap/limit by ₹2, making it ₹23 (21+2), hence most of bank are going to revise for the maximum permissible limit, ₹23, obviously for maximizing profit. The way most of the retailer sells at MRP printed/announced by the producer/ manufacturer.

Exception; IDFC and few others others.
Some bank has waived off for some special segment/ variant of account/card.
 
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So, select account is pretty much worthless now right? The cc payment points loopholes have been closed and the ones that are still working now will probably be closed soon. Bigbasket offer has been heavily devalued. Now, they'll start charging on other bank ATM transactions.
What other select-exclusive benefits are you all using?
BMS, Lounge Access
 
It's no mandatory, that every bank has to implement, it's just RBI increased the cap/limit by ₹2, making it ₹23 (21+2), hence most of bank are going to revise for the maximum permissible limit, ₹23, obviously for maximizing profit. The way most of the retailer sells at MRP printed/announced by the producer/ manufacturer.

Exception; IDFC and few others others.
Some bank has waived off for some special segment/ variant of account/card.
Afaik it's the ATM vendors who have pushed for hike in the interchange fee, and if the interchange fee is going to the vendors how is bank making profit out of it? Just asking for clarification
 
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