By April 2009, the customers will be capable of withdrawing money from ATM without paying any charge.
The Reserve Bank of India has directed the commercial banks to let customers’ free use of Automated Teller Machines (ATMs) for all transactions from 1 April 2009.
According to an RBI announcement, the customers can also use ATMs of other banks for balance enquiries free of cost.
The RBI has also asked banks to put a limit on the fees charged for using ATMs of other banks to Rs 20 for each transaction from March 31, 2008, and eradicate the same from April 2009.