-->

Withdrawing money from ATM will be expensive, banks are changing this big rule from August 1

atm,atm machine,atm card,ro atm,atm hd,how to withdraw money from atm,mini atm bank,atm boy,atm toy,wow atm,atm withdrawal,atm loot,mini atm,atm cash,
Join Whatsapp Join Now


The RBI has allowed banks to change the rules attached to ATMs after 9 years.

Withdrawing money from ATM will be expensive, banks are changing this big rule from August 1

Changes in ATM linked rules after 9 years

The fee for ATM operators was increased from Rs 15 to Rs 18


The rule will take effect from August 1


Changes in ATM linked rules after 9 years

The RBI has allowed banks to change the rules attached to ATMs after 9 years. The RBI has allowed all banks to increase their ATM interchange charges. The RBI has said that customers will be able to avail 5 times free withdrawals from ATMs. There will then be a charge of Rs 6 for the money transaction. In addition, the charge for money transactions will now be Rs 17 instead of Rs 15.


The fee for ATM operators was increased from Rs 15 to Rs 18

According to a report, the RBI has allowed banks to change the rules attached to ATMs after 9 years, given the growing demand for ATMs across the country as well as to meet the rising cost of ATMs by banks. For several years, the fees of private bank and white label ATM operators have been increased from Rs 15 to Rs 18 for money transactions.


The rule will take effect from August 1

Since August 1, 2021, the RBI has allowed interchange ATMs to charge Rs 17 instead of Rs 15. It is also being said that from January 1, 2022, banks have been allowed to charge customers Rs 22 as customer charges. Under this rule, banks are allowed to take a further Rs 20. Interchange ATM Charge means that if you have an SBI Bank card and you withdraw money from another bank's ATM, the bank which you have withdrawn money from from another bank's ATM pays a certain amount to your bank. This is called an interchange ATM charge.

source by  source by :www.vtvgujarati.com

Also read GUJARATI

Also read GUJARATI