Banks to limit free ATM transactions to 5 per month

[mhsabir]

I think its safe to assume in non home bank ATMs its mostly 10k

 

[Nishant]

Delhi High Court questions RBI on cap on ATM withdrawals | Latest News & Updates at Daily News & Analysis

 

[volcano619]

Hell yeah..

 

[mhsabir]

Noticed at an ICICI ATM today - "This is a non-metro ATM" on the screen. Wondering what is it implying.

 

[Sushubh]

i want to tweet to icici bank but i am scared to do that.

 

[dextermorgan]

Currently these limit to transactions is applied only on atms located in metros. rest of the atms have unlimited withdrawls.

 

---

[Sushubh]

so that atm is special! unlimited transactions!

 

[dextermorgan]

So if your clearly says "This is an non metro atm.." then it means the usual limit of 5 transactions is not applicable on that atm.

 

[mhsabir]

Well, I am not going to experiment and find out...

 

[Sushubh]

icici is like airtel. avoid experimenting!

 

[dextermorgan]

The Reserve Bank on Friday said the number of free transactions in a month at non-home ATMs would remain three in six identified metros but customers of these centres can use their card without cost two more times in non-metro centres.

 

[mhsabir]

We know this. But "non-metro centres" and "ATM in a metro centre with non-metro ATM written" are different things.

 

[SVK]

After demonetisation - Cutting free ATM withdrawals to three being considered - The Economic Times

 

[LordSpymaster]

Bloody hell

 

[Sushubh]

so they are going to force banks to charge for a service they provide for free? yes bank and a few other private banks. i am guessing other banks might provide it on accounts with more facilities? cool. they would also force charges on cash withdrawal using cheques? idiocy.