Customers of a Bank Allowed to Withdraw Cash Five Times in a Month Free of Charge from other Banks’ ATMs - ALLCGNEWS

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21 August 2010

Home UNCATEGORIZED Customers of a Bank Allowed to Withdraw Cash Five Times in a Month Free of Charge from other Banks’ ATMs

Customers of a Bank Allowed to Withdraw Cash Five Times in a Month Free of Charge from other Banks’ ATMs



   Indian Banks’ Association (IBA) has reported that banks have been  permitted by Reserve Bank of India (RBI) to allow free cash withdrawal at  their ATMs by customers from other banks upto five times in a month free of  charge. Banks are generally complying with the guidelines issued by RBI in  this regards from time to time.

   No incident regarding non-conforming of RBI’s directions had come to the  notice of the Government.

     This information was provided by the Minister of State for Finance, Shri  Namo Narain Meena in reply to an Unstarred Question in Lok Sabha today.


SOURCE - PIB
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