Customers will now be able to withdraw money from any automated teller machine (ATM) free of charge from April 1, 2009. Reserve Bank of India (RBI) issued the guidelines for usage of ATMs. International experience indicates that in countries such as the UK, Germany and France, bank customers have access to all ATMs in the country, free of charge except when cash is withdrawn from white label ATMs or from ATMs managed by non-bank entities. It is, therefore, essential to ensure greater transparency.Friday, March 27, 2009
Free ATM Cash Withdrawal !
Good News for ATM Card Holders !!!
Customers will now be able to withdraw money from any automated teller machine (ATM) free of charge from April 1, 2009. Reserve Bank of India (RBI) issued the guidelines for usage of ATMs. International experience indicates that in countries such as the UK, Germany and France, bank customers have access to all ATMs in the country, free of charge except when cash is withdrawn from white label ATMs or from ATMs managed by non-bank entities. It is, therefore, essential to ensure greater transparency.
Customers will now be able to withdraw money from any automated teller machine (ATM) free of charge from April 1, 2009. Reserve Bank of India (RBI) issued the guidelines for usage of ATMs. International experience indicates that in countries such as the UK, Germany and France, bank customers have access to all ATMs in the country, free of charge except when cash is withdrawn from white label ATMs or from ATMs managed by non-bank entities. It is, therefore, essential to ensure greater transparency.
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