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The Reserve Bank of India has decided that banks shall waive levy of ATM charges for all transactions (inclusive of both financial and non-financial transactions) by savings bank customers done at their own banks’ ATMs as well as at other banks’ ATMs, irrespective of the number of transactions during the month.
The above waiver of charges on ATM usage will be effective from November 10, 2016 till December 30, 2016, subject to review.
Alpana Killawala
Principal Adviser
Waiver of ATM charges ensures savings customers face no levy for transactions at own or other banks' ATMs. Banks shall waive ATM charges on all financial and non financial transactions by savings bank customers at their own and other banks' ATMs, irrespective of the number of monthly transactions; the waiver is a temporary, reviewable regulatory instruction affecting bank fee policy and interbank ATM charging arrangements.Press 'Enter' after typing page number.