Good News : Customers of a particular bank can withdraw money from ATMs of other banks without having to pay any extra charges from April 1,2009
Banks will not levy any fee on cash withdrawals using ATM and debit cards issued by their counterparts.
At present, banks charge Rs 20 per transaction if a customer uses another bank’s ATM to withdraw cash. A directive from the RBI prevents them from charging any fee from April 1 onwards.
However, banks can still charge extra for services such as cash withdrawal with the use of credit cards and at ATMs located outside India.
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