Now Pay Extra To Withdraw Cash From ATMs! Know More

By
OB Bureau

New Delhi: Now you will have to pay an extra charge on withdrawing more than Rs 5,000 from an ATM.

This comes in the backdrop of Reserve Bank of India (RBI) preparing to change the ATM withdrawal rule after eight years, DNA reported.

This new rule will not include free withdrawal from ATMs five times a month. You will have to pay separately, which will apply to your withdrawal when you withdraw more than Rs 5000.

This was recommended by a committee set up by the apex bank. Now the RBI will take further action on the committee’s recommendation, according to information revealed in response to an RTI application.

According to reports, customers will have to pay an additional Rs 24 for withdrawing more than Rs 5000 from an ATM.

As per the existing cash withdrawal rules from ATMs, withdrawals can be made free five times a month. If a cash withdrawal is made more than five times in a month, a fee of Rs 20 is to be paid on the sixth withdrawal. But now there is a preparation for charging more than Rs 5000 from ATM. This will be extra charge.

OB Bureau

Recent Posts

Odisha CM Directs To Supply 3 Months’ PDS Rice To Beneficiaries In Advance

Bhubaneswar: Odisha Chief Minister on Tuesday issued direction to provide rice of three months' quota…

November 5, 2024

[Watch] Salman Khan Shoots For ‘Sikander’ In Falaknuma Palace Amid Tight Security

Mumbai: In the wake of a fresh death threat by the Lawrence Bishnoi gang, actor…

November 5, 2024

Bachchan Family Upset With Nimrat Kaur, To Take Action Against Source Of Rumour

Mumbai: Rumours about Abhishek Bachchan and Aishwarya Rai’s divorce have been doing the rounds for…

November 5, 2024

Surge In Patients With Respiratory Issues In Delhi Hospitals

New Delhi: Hospitals across Delhi are witnessing a spike in the number of patients with…

November 5, 2024

ISKCON Cancels ‘Untimely’ Rath Yatra In Houston

Bhubaneswar: Facing a strong opposition from the devotees of Lord Jagannath and Puri Gajapati Maharaja…

November 5, 2024

[Watch] Is Abhishek Bachchan’s ‘I Want To Talk’ Similar To Dad Amitabh’s ‘Piku’?

Mumbai: The trailer of the highly-anticipated Abhishek Bachchan starrer ‘I Want to Talk’ was unveiled…

November 5, 2024

One Killed, Two Injured In Mukhyamantri Bus-Bike Collision In Odisha’s Ganjam

Berhampur: One person was killed and two others were injured in a collision between a…

November 5, 2024

Raveena Tandon’s Daughter To Debut With Ajay Devgn’s Nephew

Mumbai: Bollywood actress Raveena Tandon’s beautiful daughter Rasha Thadani is all set to make her…

November 5, 2024