Free #ATM transactions to be curtailed from tomorrow... From - TopicsExpress

Free #ATM transactions to be curtailed from tomorrow... From Saturday (November 1), frequent withdrawal of money from ATMs will be costlier with the Reserve Bank of India (RBI) having imposed a limit of 3 cross-bank transaction per month from other banks and 5 from same bank. As per the new RBI guidelines passed earlier in August, a customer will have to pay a fee of Rs 20 per transaction for using the Automated Teller Machines (ATMs) beyond the permitted number of 3. Prior to this, banks permitted 5 free transactions from cross-banks. Customers will also be charge Rs 20 for using their own bank ATMs after the allowed 5 transactions limit.

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