Withdrawing quite five thousand money from the ATM, additional charges may need to be paid within the coming days. The country’s financial institution Federal Reserve Bank of India (RBI) is considering this. consistent with media reports, it'll not be included in five free transactions. Know what are the terms and conditions of withdrawing money from an ATM with none charge.
It is worth noting that on withdrawal of quite 5 thousand directly from the ATM, the bank can charge an additional charge of 24 rupees from the customer. Currently, five transactions are free under the prevailing system. The new rule won't be included within the first five free transactions. That is, in any transaction, you'll need to pay 24 rupees for removing quite 5 thousand. Under the present rule, quite five transactions during a month are charged at Rs 20 per transaction. The new rule won't be included during this.