WLCI Business School


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Wednesday, September 3, 2014

WLCI College Reviews New Rules for ATM usage


Come November, RBI has stated new rules pertaining to ATM Machine usage. Users in the 6 metropolitan regions of Delhi, Mumbai, Bengaluru, Chennai, Hyderabad and Kolkata will be troubled by this change.


The new guideline allows upto 5 Free transactions while using the Same Bank ATM Card and upto 3 Free transactions in Other Bank’s ATM. Any additional transaction, thereafter, shall be charged Rs 20 per transaction. Unlike earlier, the definition of transaction in the new rule includes – Cash Withdrawal, Balance Enquiry, Changing of PIN Number and Mini Statement request.

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