ATM RBI allows FREEDOM to Banks (RBI/2014-15/260 DPSS.CO.PD.No.659/02.10.002/2014-2015 October 10, 2014) At present Banks are mandated not to charge any fees to their savings bank account customers for five ATM transactions (inclusive of both financial and non-financial) in a month carried out at other bank ATMs irrespective of the location of the ATMs. With the issuance of the latest instructions while this overall cap remains unchanged, THREE transactions (inclusive of both financial and non-financial) would be free of charge if carried out at other bank ATMs located in six metro centres,viz., Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad.Accordingly, if transactions are carried out at both the six metro centres and other locations, the total number of transactions (inclusive of both financial and non-financial) free of charge at other bank ATMs would continue to remain at FIVE. 3. As indicated in the above circular dated August 14, 2014, banks are,however, free to offer more number of free transactions per month at other bank ATMs as well as own ATMs in any geographical locations.
Posted on: Sat, 11 Oct 2014 11:07:23 +0000
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