New Delhi: The number of free withdrawal from third party ATM is now going to reduce from five to two each month.
Meanwhile Reserve Bank of India had asked banks to continue the existing facilities in rural areas.
Banks net off transactions at the end of the month between themselves and pay Rs. 15 per transactions plus taxes to each other irrespective of whether a withdrawal was within the limit in case of customers involved.
As of March 2013, public sector banks had a combined 72,340 branches, of which 37,672 had onsite ATMs.
Bureau Report
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