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Withdraw cash from any ATM for free from Apr 1

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HDFC Bank ATM
New Delhi, Mar 29: Giving relief to common man, banks in India from Apr 1 will not charge extra for cash withdrawals using ATM and debit cards issued by other banks. Thanks to an RBI! But banks can charge a fee on services like withdrawing cash using credit cards and at ATMs located outside India.
  Read:  हिन्दी में / ಕನ್ನಡದಲ್ಲಿ / தமிழில் 
In 2008 Mar RBI issued a guideline 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. RBI's this initiative was to ensure more transparency and help customers use ATMs installed withing the nation with out spending more.

Banks presently charge Rs 20 per transaction when a customer uses the ATM of any other bank than the one in which he/she has an account with.

OneIndia News
Topics: reserve bank of india, atm, debit card, credit card, new delhi
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User Comments
Deepak KUmar Vasudevan 21 May 2009 06:08 pm
Some of the banks are actually adopting a policy like transaction reciepts would not be printed Indian Bank for example and some prompt before printing Citi and HDFC. IN this context, I would like to bring to the attention of all readers that banks like HDFC are non-standardizing the options. For the question, Do you want a printed reciept, NO comes first than YES. So be careful regarding such options before you punch the keys in a hurry.
Jayateerth 30 Mar 2009 07:28 am
Professional trick
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