RBI NEW RULES FOR ATM
A free cash withdrawal from ATMs in the city six times at the bar on the Reserve Bank of India attracts Rush (RBI). Will apply to the bank’s ATM. Banks have their own savings accounts from November 1 this limit will be given at least five cases, three for the other banks. Top banks in a statement Thursday saying, the more transactions per ATM may charge fees for the use of money in the bank 0.
Kolkata, Delhi, Mumbai, Chennai, Bangalore, Hyderabad, RBI said the new rules would cover. If you own the account so the bank account from which the transaction was happy as could be free. Other bank ATM fees if the transaction was more than 5. In addition to raising money for the transaction will be treated as the New Testament, the other operations of ATMs. For example, how much money is to account, to check books, credit cards, etc. to pay. However, this rule applies not some tiny depositors. I liked it beyond the six metro cities. Commercial banks will decide according to its own policies, ATM fees will be key, and how many transactions can be free.
ATM placement and maintenance of the sector to cope with the rising costs of commercial banks, RBI said harassed. Besides, free access to five times is due to the account, they said that the increasing use of bank ATM. This decision therefore. In fact, several banks, the Indian Banks Association organization founded with the authorities (IBA), hence the top banks had been seeking to reduce the free ATM transactions. They gave a memorandum to the top of the bank.
RBI said in its statement, the new fees will be free to use, transactions outside of bounds, clearly indicates that they have to inform the customers of commercial banks. Customers were asked to estimate the transaction, so they are not suffering. Besides, the location, the ATM Metro town, or out of her, the customer will also be informed. When he realizes it, how many transactions can be free. Without it, customers will be able to warn each month, how many transactions he made, and when and how many times to use the ATM to pay him a fee.