Debit card holders can withdraw from any ATM free of charges for next 3 months
4 years, 9 months ago

Debit card holders can withdraw from any ATM free of charges for next 3 months

Live Mint  

Finance Minister Nirmala Sitharaman today said that debit card holders who withdraw cash from any bank's ATM can do it free of charge for the next three months to promote digital financial transactions at the time of coronavirus pandemic. ".so you may have a debit card from a bank, a particular bank, but you will now be allowed, without additional charges, to draw cash from any other bank's ATM for the next three months," the Finance Minister said. Debit card-cum ATM charges Normally, banks allow up to five free transactions per month at their own ATMs, and three free transactions at other banks’ ATMs. Addressing the media amid the coronavirus scare, Finance minister Nirmala Sitharaman made announcements regarding income tax, goods and services tax, Insolvency and Bankruptcy Code, bank-related compliance matters and others in an eight-point compliance relief package.

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History of this topic

Credit cards have these ‘hidden charges’. Check now
1 year, 10 months ago

Credit cards have these ‘hidden charges’. Check now

Hindustan Times  

A credit card allows you to buy anything with the option of paying later. Banks will sometimes offer free credit cards, which means there will be no joining or annual fees on the card for a set period of time or lifetime. Cash Advance Fee As part of the total credit limit on the credit card, there is also a …

ATM: Do You Have to Pay Rs 173 per Transaction after 4 Withdrawals in a Month? Govt Clarifies
2 years, 5 months ago

ATM: Do You Have to Pay Rs 173 per Transaction after 4 Withdrawals in a Month? Govt Clarifies

News 18  

ATM Withdrawal Rule: The Reserve Bank of India has its guidelines when it comes to withdrawing money from ATMs or do non-financial transactions using them. दावा: ATM से 4 से अधिक बार पैसे निकालने पर ₹173 काटे जाएंगे। #PIBFactCheck▶️यह दावा फर्जी है। ▶️अपने बैंक के ATM से हर माह 5 मुफ्त ट्रैन्ज़ैक्शन किए जा सकते हैं। ▶️इसके बाद अधिकतम ₹21/ट्रांजैक्शन …

SBI ATM Rules: How Many Free Cash Withdrawals Allowed in a Month? Know Limit, Charges
2 years, 6 months ago

SBI ATM Rules: How Many Free Cash Withdrawals Allowed in a Month? Know Limit, Charges

News 18  

The country’s largest lender State Bank of India offers five free transactions for customers maintaining a monthly balance of up to Rs 1 lakh at its ATMs in Delhi, Kolkata, Mumbai, Chennai, Bengaluru and Hyderabad. SBI charges Rs 10 to withdraw money from the bank’s ATM beyond the free limit, while it levies Rs 20 for financial transactions from other …

Looking For Unlimited Free ATM Transactions? Here Are Banks That Offer This Service
3 years, 6 months ago

Looking For Unlimited Free ATM Transactions? Here Are Banks That Offer This Service

ABP News  

New Delhi: In a recent notification, the Reserve Bank of India has allowed the banks to raise the charges for cash and non-cash ATM transactions beyond the threshold of the free monthly limit. Most private and public banks in India currently allow five free ATM transactions in urban cities and towns from their own bank ATMs. But some private banks …

ATM Cash Withdrawal Charge, Debit Card, Credit Card Fee to Increase Soon
3 years, 6 months ago

ATM Cash Withdrawal Charge, Debit Card, Credit Card Fee to Increase Soon

News 18  

The Reserve Bank of India has allowed banks to increase charges on automated teller machines to Rs 21 per transaction. For customers using other bank ATMs for cash withdrawal are allowed three free ATM transactions in metro cities and five in non-metro centres. “It is also observed that the last change in interchange fee structure for ATM transactions was in …

ATM cash withdrawal fee hiked: Banks to charge Rs 21 per transaction beyond free limit
3 years, 6 months ago

ATM cash withdrawal fee hiked: Banks to charge Rs 21 per transaction beyond free limit

India TV News  

The Reserve Bank of India has allowed the banks to hike the fee charged on cash withdrawal beyond the permitted free ATM transaction limit from Rs 20 to Rs 21 per transaction, with effect from January 1, 2022. Beyond the free transactions, the ceiling/cap on customer charges is Rs 20 per transaction. "To compensate the banks for the higher interchange …

ATM Withdrawal to Minimum Balance, All You Need to Know About Bank Service Charges
3 years, 7 months ago

ATM Withdrawal to Minimum Balance, All You Need to Know About Bank Service Charges

News 18  

Having a bank account has become a necessity in today’s world. The Axis Bank levy charges if a customer breached the limit of four free transactions or cash withdrawals of up to Rs 2 lakh in a month, whichever is earlier.Since May 1, Axis Bank users now have to pay 2.5 per cent of the amount withdrawn from the savings …

Debit Card, Credit Card new rules come into force from October 1. All you need to know
4 years, 3 months ago

Debit Card, Credit Card new rules come into force from October 1. All you need to know

India TV News  

In an attempt to make online and card payments more secure, the Reserve Bank of India has issued new guidelines that will be effective from October 1, 2020. RBI's new guidelines for Credit, Debit card holders: As per new rules, people will now be able to register for preferences such as opt-in or opt-out services, spend limits and other services …

Insufficient balance: How much SBI will charge for failed ATM transaction
4 years, 4 months ago

Insufficient balance: How much SBI will charge for failed ATM transaction

Live Mint  

State Bank of India has revised its ATM withdrawal rules with effect from 1 July. As per the information available on the official website of the State Bank of India sbi.co.in, in metro cities, SBI allows 8 free transactions to its regular savings account holders to transact in a month. The bank allows its customers maintaining an average balance of …

SBI new ATM withdrawal rules: Transaction limits, charges and other details
4 years, 6 months ago

SBI new ATM withdrawal rules: Transaction limits, charges and other details

Live Mint  

State Bank of India has revised its ATM withdrawal rules with effect from 1 July. In view of the coronavirus pandemic, SBI had waived service charges for all ATM transactions made on SBI ATMs as well as other bank ATMs on account of exceeding free number of transactions. "In view of the announcement made by Finance Minister on 24th March, …

No Charge On ATM Withdrawals For 3 Months ; Complete Waiver Of Minimum Balance Charge : Finance Ministry
4 years, 9 months ago

No Charge On ATM Withdrawals For 3 Months ; Complete Waiver Of Minimum Balance Charge : Finance Ministry

Live Law  

As a part of relief measures announced in view of COVID-19 lockdown, the Union Finance Minister Nirmala Sitharaman on Tuesday announced complete waiver of minimum balance charges for savings bank accounts for next three months.Also, debit card holders who withdraw cash from any bank ATM can do it free of charge for the next three months. As a part of …

154 mn debit cards out of use as magnetic strips, zero balance go
5 years, 1 month ago

154 mn debit cards out of use as magnetic strips, zero balance go

Deccan Chronicle  

Chennai: Discontinuation of magnetic stripe cards and mass closure of zero balance accounts saw 154 million debit cards going out of use at the end of September quarter. Between September 2018 and September 2019, there was a reduction of about 154 million debit cards, though the number of credit cards went up by about 11 million, according to data from …

SBI ATM cash withdrawal limit for debit cards: Features, transaction limit and other details
5 years, 1 month ago

SBI ATM cash withdrawal limit for debit cards: Features, transaction limit and other details

Live Mint  

State Bank of India offers seven types of ATM-cum-debit cards to its customers. ATM withdrawal limit: ₹20,000 Here are some of the charges applicable to the SBI Classic Debit card: Issuance charges -Nil Annual Maintenance Charges - ₹125/- plus GST Card replacement charges - ₹300/- plus GST 2) SBI Global International Debit Card With SBI Global International Debit Card you …

Attention ATM users! SBI, Bank of Baroda restrict cash withdrawals from micro-ATMs of other banks
5 years, 3 months ago

Attention ATM users! SBI, Bank of Baroda restrict cash withdrawals from micro-ATMs of other banks

India TV News  

Bank ATM users alert: Bank of Baroda and State Bank of India have put cash withdrawal limitations for customers at micro-ATM terminals of other banks, in a move that would majorly impact banking services in rural areas. According to Economic Times reports, under new rules, BoB has limited its withdrawals for customers from micro-ATM terminals of other banks to four …

Bank of India asks account holders to stop using debit cards for cash withdrawal – India TV
5 years, 3 months ago

Bank of India asks account holders to stop using debit cards for cash withdrawal – India TV

India TV News  

Amid a massive rise in the fraud cases happening through bank ATM cards or debit cards like cloning and skimming, India's one of the largest public sector bank Bank of India has issued an advisory for its customer. The bank in its statement has warned its customer of banking fraud and has asked them to stop using a debit card …

Good news for debit card, credit card bank ATM users! RBI says don't pay, if this happens
5 years, 4 months ago

Good news for debit card, credit card bank ATM users! RBI says don't pay, if this happens

India TV News  

Debit card, credit card user' alert: If you are a Debit card or Credit card user and go to bank ATMs for cash withdrawal then there is good news for you from Reserve Bank of India. According to reports, RBI has clarified that due to any technical reason----be it hardware or software or wrong PIN entry or communication issue or …

Banks cannot charge for these ATM transactions. Details here
5 years, 4 months ago

Banks cannot charge for these ATM transactions. Details here

Live Mint  

Banks can't include non-cash withdrawal transactions like balance enquiry, cheque book request, payment of taxes and funds transfer under free ATM transactions. 2) Other failed ATM transactions like non-availability of currency notes in the ATM, transaction declines attributable to the bank or service provider will also not be considered as valid ATM transactions for the customer. "It has come to …

RBI tells banks on what not to count as part of ’free ATM transactions’
5 years, 4 months ago

RBI tells banks on what not to count as part of ’free ATM transactions’

Live Mint  

Mumbai: The Reserve Bank on Wednesday asked banks not to count failed transactions at ATMs due to technical reasons as part of "free ATM transactions" permitted every month. Besides, use of ATMs for balance enquiry and fund transfers too should be not part of the free transactions facility given to a customer. The RBI's clarification in this regard comes after …

SBI ATM withdrawal rules: Free transactions, charges and other details
5 years, 6 months ago

SBI ATM withdrawal rules: Free transactions, charges and other details

Live Mint  

The charges you pay for using Automated Teller Machines may change soon. Currently, the State Bank of India offers eight free transactions to regular savings bank account holders, including five transactions at SBI ATMs and three at other bank ATMs. In non-metros, such account holders get 10 free transactions, including five at SBI ATMs and five at others. The bank …

From ATM charges to minimum balance penalty, 5 savings account charges you should know
5 years, 7 months ago

From ATM charges to minimum balance penalty, 5 savings account charges you should know

Live Mint  

Most of us have got used to receiving a mobile alert immediately after every debit card transaction. Almost all banks charge an annual maintenance fee depending on the type of debit card you have. However, for a basic debit card, most banks charge ₹100-200 plus tax. However, if you have a salary or premium account, which requires you to maintain …

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