I am a Medical Transcriptionist and Freelance Web Designer. I run the Freelance Web Designing Company, eProfessionals, which currently maintains and hosts more than 20 professional and personal blogs. ... 
|
Mar
30
|
As per RBI’s circular, with effect from April 1st, 2009, you can use any ATM in India for money withdrawal, account balance, or printing mini statement for FREE irrespective of your card issuing bank. RBI issued instructions at the beginning of this year to all the banks not to levy more than Rs.20 per transaction done by other bank’s account holder. For example, if you are an ICICI Bank account holder and if you are using ICICI ATM card to withdraw money from an SBI ATM, you will be charged a maximum of Rs.20 per transaction. This will be in effect till March 31, 2009 and from April 1st, irrespective of your bank account, you can use your ATM card to do the above transactions at any bank’s ATM for free.
I am really happy to see this. Before this, if I am going to a new place, carrying all my bank cards was necessary because I would not know which ATM I can find first. As the charges have come down to Rs. 20 lately, I have been using other bank’s ATMs frequently because I am not worried about Rs.20 as I can find other bank’s ATMs in my colony in just few steps. Now, even this Rs. 20 per transaction charge is going to be taken off from day after tomorrow and I can simply walk into any ATM and withdraw the money 
Related Posts:
- Savings account interest rate – Now calculated on a daily basis After making usage of any bank ATM free, RBI now...
- Withdraw funds from PayPal to Indian banks This post is to answer all the blog comments asking...
- How to create Prepaid Virtual Credit Cards (VCCs) instantly This Virtual Credit Card creation method is for Indians who...
after knowing that transaction are free if you transact from any atm i am very happy one of the main reason behind this is my atm machine is far from my hostel and i face lots of problem in transaction and also wait around half an hour due to long que .so i welcom the decision of R.B.I
I really appreciate R.B.I in implementing free service of ATM transation ans it is really time and energy saving.
i’m very happy to heared the RBI announcement that now we can use our ATM cards in any bank’s ATM w.e.f.april,01,2009.It is really time,energy and money saving.
PLeased to know the statement by RBI, thans navee for more info with eg…..
I am really very happy by this news as my bank’s atm is far away from my hostel.
Really It Is Nice
Hey Is there any “Interbank rate” they are charging ? — For example if i am using ICICI card in SBI ATM then Do ICICI has to pay something to SBI? IF yes then How much
Yes there is an amount payable to SBI by ICICI (in your example), but I don’t know how much it is.
dear sir, u told using ICICI ATM card to withdraw money from an SBI ATM is free, but SBI atm card to withdraw money from any other bank is it free or any charges please reply?
I took it as an example. Any bank holder can withdraw money from any other bank for free.
Despite Circular RBI/2007-2008/260
DPSS No. 1405 / 02.10.02 / 2007-2008
March 10, 2008, Canara Bank does not accept ATM cards of other banks.
Government banks always stay behind implementing RBI orders like their people.
Dear Naveen Sir,
Tank you about your EMI calculator Sheet
i am from last one year confusion to my bank EMI but my problem solve of this is your excel sheet
Thanks for your kind comments.
please give me chart of repaymet
Some bank’s are charging still rs.20 for this..!!
There is a limit on transactions you can do at other bank ATMs. If you are doing more than that, it will attract the same old Rs. 20 fee per transaction.