Pay for withdrawals at other Bank ATMs

Barely six months since the usage of other bank ATM’s was allowed for free — the rules have now changed. Effective 15th October, 2009 customers will be allowed to withdraw a maximum of Rs. 10,000 per transaction from non Bank ATMs. What this means is, savings Account customers will be allowed 5 free cash withdrawals [...]

Author: Austin Comments: 0 comments Date: 17 Oct 2009 More: Read more
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Latest ATM substitute

Although the Reserve Bank of India has allowed shops to act as ATMs, the people meant to serve as banks’ new touch points – the shopkeepers – will have to be convinced first. On July 22, the Reserve Bank of India had issued a circular permitting cash withdrawals of up to Rs 1,000 per day [...]

Author: Austin Comments: 0 comments Date: 31 Jul 2009 More: Read more
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Use Any Bank ATM for Free

photo by f-r-a-n-k Currently banks charge Rs. 20 per transaction if you use an ATM of another bank. Come April 1,  2009 and you can use any ATM of any bank for any service free of cost; according to RBI.   The RBI has mandated that the ATMs should have unrestricted access for customers across [...]

Author: Austin Comments: 1 comment Date: 11 Feb 2009 More: Read more
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3 Things Your ATM Will Soon Do

Your neighborhood ATM could soon boast several value additions to ease the banking chores. Some of these features have been launched on a trial basis, while others are used abroad and could soon find their way to India. Here are those features: Instant Cheque Deposit The cheque truncation solution, currently in place in most leading [...]

Author: Austin Comments: 2 comments Date: 26 Aug 2008 More: Read more
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