Alert: Additional charges for withdrawal of cash from ATMs from 1st August!
Posted on: 27/Jul/2021 11:21:31 AM
New regulations will be implemented for financial transactions through ATM cards, Debits cards, and Credit cards from 1st August!
In a notification released in this regard by the Reserve Bank of India in June, it had been mentioned that the charges for transactions have been increased from Rs. 15/- to Rs. 17/-. For cashless transactions, it is revised from Rs. 5/- to Rs. 6/-.
It had further been announced that the savings account holders in bank branches can withdraw cash free for a maximum of 5 times in a month and the transactions after 5 times will be charged Rs. 17/- for each further transaction.
The above regulations will be effective from 1st August!
The basic account holders in the State Bank of India can withdraw cash free 4 times a month. Similarly, the first 10 cheque transactions in a month will be free.
