Saturday, November 1, 2014

Max 5 free #ATM transactions from today

Bank customers in six metros—Delhi, Mumbai, Chennai, Kolkata, Hyderabad and Bangalore—are allowed to withdraw money or carry out non-financial transactions like mini-statements at ATMs of banks, where they hold saving/current accounts, free of charge only five times a month.And beyond five times in a month will attract a levy of Rs 20 per transaction from today.Number of free transactions at ATMs (Automated Teller Machines) of non-home banks has been cut to three times a month from five times.

At places other than the six metro centres, the facility of five free transactions for savings bank account customers will remain unchanged upon using other bank ATMs.
Number of mandatory free ATM transactions for savings bank account customers at other banks ATMs is reduced from the present 5 to 3 transactions per month (inclusive of both financial and non-financial transactions.