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Charges to Acquire Money from ATM
Every bank has decided to collect charges from the customers at each time, when they acquire money from the ATM centers. As of now people can take money from the corresponding ATM centers at free of cost. Also people can use their ATM cards in other bank centers for around 5 times at free of cost and above that the charges will be collected from them.
From now because of a new rule of the banks, the charges will be collected from people in their every transaction. Because of this policy, the financial status of the bank will get updated. The Reserve bank joint secretary, K.C. Chakrapathy has stated that there is no objection for this policy of collection charges for ATM transaction by the Reserve Bank of India.
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