Banks to limit free ATM transactions to 5 per month

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I wish more and more people start bugging cashiers in bank to take out small cash amounts as a way of protesting.
Also, banks have been asked to install Aadhar-enabled ATMs, which would again prove costly.
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No shortage of fucktards in this country.
 
This is bullshit! Limiting no of free transactions even on own banks' ATMs'? Just because they now have to keep 24hrs security at ATMs? Just because one lady has been attacked at an atm, instead of increasing security , they're trying to not let public use ATMs at all!
 
Fucknuts. Indirect extortion and milking is the name of the fucking game.
 

Very often we have to use more than one transaction for withdrawal, when the atm can spit out only in 100s and limit of 10k... 5 is too less. I think 10 transactions would be reasonable for the average individual. I see a waste of energy when ac is running in all the atms round the clock etc. so maybe this is for the good, but the number of transactions should be reasonable...
 
I think the banks have not realised that public does not want to spend extra. In a few days, some bank will introduce a 'unlimited use' scheme and all others will follow.
On the contrary, I see banks reducing the number of new ATMs they install.

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Also, being a Preferred banking customer of HDFC, I get unlimited free use of any ATM in India and abroad. Their Savings Max account (Min balance 25K) too has unlimited free use of Non-HDFC ATMs in India.
So such users would not really get affected by this change of rule.
 
http://timesofindia.indiatimes.com/business/india-business/Ridiculous-for-banks-to-charge-for-withdrawals-at-own-ATMs-RBI-DG/articleshow/28553838.cms
So RBI has people who has some sense 🙂
Lashing out at the proposal from the Indian Banks' Association to start charging customers for ATM withdrawals, Reserve Bank of India Deputy Governor K C Chakrabarty has said that such a move on the part of banks would be 'ridiculous' and 'illogical'.

Speaking exclusively to ET NOW, Chakrabarty says "it is very, very ridiculous that banks are charging the customers for withdrawing money, and that too from their own ATMs -- it never happens anywhere." He goes on to add that this is something that only further competition in the industry can rectify. "If the cost of withdrawing money is so high so that they charging you, then they may just start charging you even if you go to a bank branch. That is why I feel we require more banks, there is not enough competition and banks are becoming illogical," quips Chakrabarty.
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Yesterday on radio, 93.5FM guys called some bank manager and asked him to explain the stuff...He clearly said that ATM transactions from ATM of the issuing bank wont have any charges whatsoever. But if there is a limit on other bank ATM.
 
That Bank Manager have no idea about the proposal then.
Banks now want the regulator to limit the total number of free transactions (at your bank plus other banks’ ATM) to five per month.
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