What's the New RBI Rule:
According to the new RBI guidelines that come into effect from 1st November 2014, savings bank account holders in metropolitan cities(Mumbai, Delhi, Bengaluru, Chennai, Hyderabad and Kolkata) would be allowed only three transactions from ATMs of other banks and five from the same bank in a month.
For any ATM cash transaction above the stipulated limit, a transaction fee of Rs. 20 would be charged to the account holder and Rs 9 for non-cash transactions.
Tips to bypass ATM Usage Limit:=
Avoid cash transactions whenever possible:
Change the habit of withdrawing smaller amounts:
Visit bank branch for cash withdrawals:
Use online banking for statement:
Tags :
Bank, ATM, rbi, rule, Cash