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Reserve Bank of India issue Notifications about Accessing ATMs of any bank | www.rbi.org.in

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As request by many of Indian banks now reserve bank of Indian has announced the latest norms about the free access to automated teller machines (ATMs) of any bank. According to RBI's notifications free access will be closed from October 15 as the third-party ATM usage would carry a cap on the withdrawal amount and the number of transactions each month. From October 15, a customer can take out a maximum of Rs.10,000 per withdrawal from ATMs not owned by the bank in which the customer has an account.

Going by the IBA guidelines, a savings account holder may get five free third-party transactions a month and could be charged from sixth onwards. However, current account holders might not get any free third-party usage. Advertisements

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