News India Live, Digital Desk: ATM Transaction Limit: According to the instructions of the Reserve Bank of India (RBI), it has now become expensive to use ATM for bank customers. Banks have implemented new fees after the RBI gets approval to increase the ATM transaction charge. Now after the ATM free limit is over, you will have to pay extra money.
What is the free transaction limit?
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Customers from their bank’s ATM A total of 5 free transactions in a month (Financial and non-financial).
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From another bank’s ATM Only 3 free transactions a month in metro cities And 5 free transactions in non-metro cities Will be able to do
How much will be charged after the limit is over?
Previously, after the end of the free transaction limit, the maximum of ₹ 21 was charged per transaction. Now it has been increased by ₹ 2.
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Now ₹ 23 + GST on each transaction Will have to give.
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this rule Cash recycler machines (CRM) But the transactions will also be applicable.
RBI issued notification
Reserve Bank of India 28 March The notification had issued a notification to say that after the end of free transaction limit, the customer per transaction Maximum ₹ 23 + applied tax Can be charged.
Fee on non-financial transaction
Some banks will also charge a fee for non-financial transactions (such as balance check, mini statement etc.). For example:
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Punjab National Bank (PNB) for non-financial transaction ₹ 11 The fee has been fixed.
New rules implemented in these banks from today
The major banks that implement these new rules from today are:
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state Bank of India (SBI,
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HDFC Bank (Hdfc bank,
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Punjab National Bank (Pnb,
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IndusInd Bank (Indusind bank,
All customers advise to keep in mind the new limit while doing ATM transactions, so that additional charge can be avoided.
