ATM Charges Current Affairs, GK & News

ATM cash withdrawal rule changed

Reserve Bank of India (RBI) has changed some rules regarding cash withdrawal from automated teller machine (ATM). New rules include high charges on transactions beyond free permissible limit, new free ATM transaction limit and increase in interchange fee. Highlights Changes were made on the basis of recommendations of Chief Executive committee it constituted in June ..

Month: 

Category: 

Topics: 

Finance Minister on COVID-19: Tax Filings extended, ATM, bank charges waived off, Business Rules Eased and much more

On March 24, 2020, the Finance Minister Nirmala Sitaraman announced several key measures in the view of Corona Virus Pandemic. The minister also announced that the Economic Task Force is to announce Economic Relief Package to contain the spread of the disease. Financial Measures No charges on withdrawal of cash in bank ATMs. Also, the ..

Month: 

Category: 

Topics: 

Banks not to charge for failed transactions, balance enquiry: RBI

Every month banks provide certain number of free transactions at ATMs to their customers and exceeding which charges are imposed. Reserve Bank of India (RBI) has asked banks not to count failed transactions at ATMs due to technical reasons as part of ‘free ATM transactions’ permitted every month. Circular issued by RBI The central bank ..

Month: 

Category: 

Topics: