Free ATM transactions to include balance enquiry too
By Vaibhav Aggarwal
Jul 1, 2011
Print    Email    RSS   

ATM transaction issues which have been a concern for customers since quite some time now have recently brought in a reason for them to cheer. The Reserve Bank of India has directed banks to attend to complaints of wrong ATM transactions within a time of 7 days of the lodge of the complaint instead of the 12 days redressal period earlier.

But along with this good news comes another news saying that the number of free ATM transactions allowed to a customer every month would also include non financial transactions like balance enquiry, PIN change as well as mini statement.

The new changes in directives have all come into effect from today, July 01, 2011.

HDFC Bank has mentioned in a notice that for every cash withdrawal beyond the free ones, it will charge Rs 20 and Rs 8.50 for every non financial transaction.


(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

Carnival of Indian Personal Finance Blogs # 8
Credit profile and its effect on loan...
Manage your loans, avoid recovery agents
Your dream car - with good Car Loans from...
Spend some time to get the best car insurance

Hello I am looking to renew my car insurance and I...
my loan no
Lonavala Caℓℓ Girℓs 9765946980 / 9970712349...

SBH bank extended its Car and gold loan campaign till 31st March, 2015. Feb 11, 2015
KVGB bank signed MOU with TATA Motors Feb 10, 2015
SBH bank extended its scheme offering concession to loan defaulters Feb 2, 2015
Karnataka Bank tied up with TVS motors to Assist Auto rickshaw buyers Jan 27, 2015
RBI extended the Directions issued to Amanath Co-operative Bank for a period of six months Jan 22, 2015
News Archive