ATM Cash Withdrawal Rules have Changed: RBI
Key Highlights -
The RBI Have said that some rules have changed for some particular Cash WIthdrawals.
RBI has Changes some Rules Regarding the Cash Withdrawal From Automated Teller Machine(ATM). These ATM Cash Withdrawal Rule Changes Include Higher Charges On Transactions Beyond The Free Permissible Limit, A new Free ATM Transaction Limit And a Rise In Interchanging Fee,
The New ATM Charges As Defined By RBI Are as Follows -
Exceeding the monthly limit of free transactions:
Customers will have to pay ₹21 per transaction, instead of ₹20 if they exceed their monthly limit of free transactions. This increase will be effective from January 1, 2022.
“To compensate the banks for the higher interchange fee and given the general escalation in costs, they are allowed to incr...