Saturday, April 4, 2009

No charge for cashwithdrawal at other ATM

Account holders in India can feel happy that there will not be any charge levied if you use your ATM card to withdraw money from other bank ATMs. Earlier this facility was given by some of the banks to their customers if it is their salary account. A circular issued by Reserve Bank of India (RBI) on 10 March 2008 has asked banks not to levy any charges for checking balance amount in any ATMs, for withdrawing money from own ATMs and the maximum charges that a bank can charge is Rs 20 if the customer uses other bank ATMS. This too is now free with effective from 01 April 2009. If you are charged by any ATMs then probably you need to follow up with the bank for the reversal of the charges.

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