A case is revolving via social media about extreme charges on ATM withdrawals.
“On withdrawing cash from an ATM multiple times, Rs 173 will be deducted including Rs 150 duty and Rs 23 service charge. Another gift. Beginning June 1, each bank exchange after 4 exchanges will convey a Rs 150 charge,” the message claims, requesting that individuals forward it to other people. Is there any reality to the case? Find out beneath.
The government’s reality check handle on Twitter disproved the case. “Up to 5 free exchanges should be possible consistently from your bank’s ATM,” composed PIB Fact Check.
“After this, a limit of Rs 21 for every exchange or on the other hand if that some other expense, it should be paid independently,” it added. PIB likewise shared a connection to a RBI round explaining something very similar.
“Clients are qualified for five free exchanges (comprehensive of monetary and non-monetary exchanges) consistently from their own bank ATMs. They are additionally qualified with the expectation of complimentary exchanges (comprehensive of monetary and non-monetary exchanges) from other bank ATMs viz. three exchanges in metro places and five exchanges in non-metro focuses. Past the free exchanges, the roof/cap on client charges is ₹20 per exchange, as endorsed vide round DPSS.CO.PD.No.316/02.10.002/2014-2015 dated August 14, 2014.
To repay the banks for the higher trade expense and given the overall heightening in costs, they are permitted to expand the client charges to ₹21 per exchange. This increment will be compelling from January 1, 2022,” makes reference to the RBI circular.
