ABOUT US CONTACT US PROGRAMMES
  Dy365 App Twitter Facebook YouTube
Guwahati
 
 
Free cash withdrawals from all ATMs from April 1
Posted on: 29-03-2009 , 04:: | DY365 Bureau

of your own bank as you can use ATMs of your choice without shelling out any extra money.

Thanks to an RBI directive, much to the relief of common man,banks have been prevented from charging any fee for cash withdrawals using ATM and debit cards issued by other banks from April 1 onwards.

However, banks can still charge extra for services like cash withdrawal with the use of credit cards and at ATMs located outside India.

Last year on March 10, the RBI had come out with guidelines limiting the fee charged by banks for using their ATMs by clients of other lenders to Rs 20. It had also allowed the use of ATM for purposes like balance enquiry free of any charge.

This was to ensure greater transparency and to facilitate usage of any ATM installed within the country by customers without shelling out more, the central bank had said.

At present, banks charge Rs 20 per transaction when a customer uses the cash machine of any bank other than the one in which he/she has an account with.

At the end of December 2007, there were 32,342 ATMs in the country and various banks have entered into bilateral and multi-lateral arrangements with other banks to have inter-bank.

 
 

»
Click here to watch the Live Stream. | High - BB / Droid
»
Click here to watch Live Stream on iPhone / iPad / iTouch. High| Beta
 
 
 
Dy365 in TATA SKY   Dy365 in Airtel   Dy365 in Dish Tv   Dy365 in Videocon   Dy365 in Big TV   Dy365 in ACC
Channel No : 1953
 
Channel No : 643
 
Channel No : 1529
 
Channel No : 849
 
Channel No : 784
 
Channel No : 003
 
 
 
News Sections
 
 
Others
 
 
Photo Gallery
 
 
 
   
     
2009-15 DY365, All rights reserved,
Privacy Policy,
Powered by Web.Com (India) Pvt. Ltd.