- You may have to pay an extra charge of Rs 24 for withdrawing more than 5000 from ATM
- The committee formed to review the ATM charge of RBI has given its recommendations
Additional charges Withdraw cash over Rs 5,000 from ATM
To promote digital transactions and reduce cash flow, the Reserve Bank of India is planning to make major changes in the rules of ATM Cash Transaction. If this change happens, after 8 years, the Reserve Bank will make a big change. Which will make a big difference on the pocket of common people. In fact, it has been recommended by the committee of the Reserve Bank that for withdrawing more than Rs 5000 from ATMs, additional charges will have to be levied. This was revealed in response to an RTI. Let us also tell you what else they have come out in response to RTI.
More than 5000 rupees will be charged
According to media reports, bug customers will have to pay extra Rs 24 for making more than 5 thousand transactions from ATMs. At the same time, there is no charge for transacting from ATMs 5 times a month and after that you have to pay 20 rupees for every transaction. Let me tell you that this has been recommended by a committee of Reserve Bank. There has not been such a big change in the last eight years.
Recommendation from RBI committee
A change has been recommended by an RBI committee. However, this report has not yet been made public for all. This information was obtained in response to the information sought by an RTI. According to the information, its recommendations have been submitted by the committee formed to review the ATM charge of RBI. Under which banks can change the ATM charge after 8 years. According to the information received in response to RTI, the Reserve Bank committee had suggested to reduce the cash withdrawal. This report was submitted on 22 October 2019. However, this has not been made public.