India

Pay More For ATM Cash Withdrawals From January

By
OB Bureau

New Delhi: Withdrawing cash from ATM will get costlier from January. According to a Reserve Bank of India (RBI) notification, customers will have to pay more for ATM transactions from January 2022 once the limit exceeds.

Beyond free monthly limits, the ATM transactions are set to get costlier as RBI had allowed banks to increase charges on cash and non-cash automated teller machines (ATMs).

Customers will have to pay Rs 21 per transaction at their own banks’ ATMs to withdraw money once the limit exceeds after the change is implemented. The charges are Rs 20 at present.

The new rule will come into effect from January 1, 2022. RBI allows all bank customers to do five free ATM transactions at their own banks before these rates are charged.

Customers will be eligible for three free transactions from other banks in metro cities and five free transactions in non-metro cities. The RBI had notified about the changes in June this year. Banks like HDFC and Axis have updated their website with the new notification.
OB Bureau

Recent Posts

Centre Approves Repatriation Of IAS Officer SK Mishra To Parent Cadre Odisha

Bhubaneswar: The Central government has approved repatriation of IAS officer Sanjeeb Kumar Mishra to Odisha…

November 12, 2024

30 Artists Draw Paintings On Life of Odisha’s 1st CM Harekrushna Mahatab At Camp In Bhubaneswar

Bhubaneswar: As part of the 125th birth anniversary celebration of Odisha's first Chief Minister ‘Utkal…

November 12, 2024

State-Level Children’s Fest ‘Suravi’ Takes Off In Bhubaneswar

Bhubaneswar: The state-level Sishu Mahotsav 2024, 'Suravi', took off on the premises of Capital High…

November 12, 2024

‘Yaariyaan’ Actor Himansh Kohli Ties The Knot In A Private Ceremony

Mumbai: ‘Yaariyaan’ actor Himansh Kohli got hitched in a private ceremony on Tuesday. The actor…

November 12, 2024

ECoR To Enhance Power Infra In Several Rly Sections In Odisha

Bhubaneswar: The East Coast Railway (ECoR) is set to enhance its electrification infrastructure with the introduction…

November 12, 2024

5th EMRS National Cultural & Literary Fest & Kala Utsav Begins On Odisha

Bhubaneswar: More than 1400 students from 22 states are participating in the 5th EMRS (Eklavya…

November 12, 2024

Mukesh Khanna Gets Trolled For Posting Teasers On Shaktimaan’s Return

Mumbai: Veteran actor Mukesh Khanna left netizens in a bad mood after he announced the…

November 12, 2024

Rourkela NIT, Bhubaneswar’s KIIT & Cuttack’s SCB Medical College Win State-Level RBI90Quiz

Bhubaneswar: The team from the National Institute of Technology, Rourkela comprising Arpan Chakrabarty and  Dibyajyoti…

November 12, 2024