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Free ATM usage across banks

Friday, March 14, 2008 Leave a comment Go to comments

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A welcome move from the Reserve Bank of India (RBI) which suggests that the ATM usage is now made free across banks. This means that to check your balances, you don’t have to get troubled searching for your bank ATM. Balance enquiry across ATMs is now free of cost 🙂 .

Also another change is that the transaction fee is reduced to a maximum of Rs. 20 per transaction for withdrawals, that too till March next year after which such usage would be not be charged. This would be irrespective of the amount and the bank where the customer holds the account.

This makes us free to use our ATM cards across banks and across regions. Forget about searching for your banks ATM and transact free of cost at any ATM.

Please pass on this message to your dear ones who can make use of this facility to the fullest extent.

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