Banks Will Not Charge You For ATM Use

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11 March 2009

Good News For Consumers!

From April 2009, Banks would share transaction cost for ATMs.

Bank customers would freely use their ATM cards to withdraw cash from any ATM installed by various commercial banks across the country. The Reserve Bank of Indian has barred banks from charging any fees for customers using their own banks’ ATM and cut charges on withdrawal from third-party ATMs to Rs. 20 per transaction. Read more

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Tags: ATM, automatic teller money, bank charges, banks, RBI, reserve bank of india, service charges on cash withdraw