At least that's what this article seems to be saying.
ATM Transaction Charge: Your bank could soon charge you for ATM transactions, cheques & cards
ATM Transaction Charge: Your bank could soon charge you for ATM transactions, cheques & cards
The tax department has asked country's top lenders including State Bank of India, HDFC Bank, ICICI Bank, Axis Bank and Kotak Mahindra Bank to pay tax that could run into thousands of crores, on 'free services' provided to customers maintaining a minimum account balance, with retrospective effect.