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Credit Card Cash Withdrawal Calculator: What Does ATM Cash Cost?

Enter the amount, your card's cash advance fee and interest rate, and how many days until you repay. You will see the full cost of the cash, including GST.

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Calculator and results

Withdrawing ₹10,000 in cash and repaying it after 30 days costs about ₹1,026: a ₹500 fee, ₹370 interest from day one and ₹157 GST. That is about 124.88% a year.

₹
%
₹
%

About 45% a year.

days

Example values; enter your card's figures from your statement or the bank's schedule of charges.

Total cost

₹1,026

for 30 days

Cash advance fee

₹500

the minimum fee applies

Interest

₹370

from the day of withdrawal

GST (18%)

₹157

on the fee and the interest

Effective cost: about 124.88% a year. Cash has no interest-free period, so interest starts the day you withdraw, and the fee is charged even if you repay at once.

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Cash withdrawal cost

₹1,026

What it is:
A calculator for the cost of withdrawing cash with a credit card.
What it calculates:
Cash advance fee, interest, GST, total cost and the effective annual cost.

Key Assumptions

  • Default inputs are examples, not any bank's figures; enter your card's figures from your statement or the bank's schedule of charges.
  • GST is charged at 18% on interest and fees, as stated in banks' card terms, and is never added to the balance that earns interest (Unpaid charges, levies and taxes are not capitalised for charging or compounding interest.)
  • Interest is charged daily at the monthly rate × 12 ÷ 365.
  • The whole amount is repaid on the day entered.

How does the Credit Card Cash Withdrawal Calculator work?

A cash advance fee is charged on every withdrawal: a percentage of the amount, with a minimum in rupees.

Cash has no interest-free period: interest runs every day from the day you withdraw until you repay, at the card's rate.

GST at 18% is added on the fee and on the interest.

Credit Card Cash Withdrawal Calculator formula

Fee = max(fee% × amount, minimum fee); interest = amount × (monthly rate × 12) × days ÷ 365; GST = 18% × (fee + interest)

Effective annual cost
= total cost ÷ amount × 365 ÷ days

Credit Card Cash Withdrawal Calculator: worked example

₹10,000 cash, 2.5% fee (minimum ₹500), 3.75% a month, repaid after 30 days (example figures)

Fee
₹500
Interest
₹370
GST
₹157
Total cost
₹1,026
Effective annual cost
124.88%

Credit Card Cash Withdrawal Calculator: frequently asked questions

Is there an interest-free period on credit card cash withdrawals?
No, a credit card cash withdrawal has no interest-free period: interest is charged from the day of the withdrawal. A cash advance fee is charged as well, and GST at 18% is added to both the fee and the interest.
What is cheaper than a credit card cash withdrawal?
For anything longer than a few days, your own savings, a personal loan or an overdraft is usually cheaper than a credit card cash withdrawal. A card cash withdrawal pays interest from day one plus a cash advance fee, with GST at 18% on both. Turning those charges into an effective annual cost lets you compare them directly with a loan's interest rate.

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Reviewed by Pradipta Ray, MBA (Finance) · Updated