The highly networked bank of the nation-State bank of India has come up an new idea. The bank has decided to offer the free ATM transactions on the basis of account balance of the users.The bank will offer more than five free transcation(three in metro cities) to the customers who aoid visiting the bank branches.
In addition to this the customer who maintain a larger amount in their savings accounts will be offered with unlimited free transcations at the ATM. At the banks own ATM if the customers is having an account balance of more than Rs 25000 then will get unlimited free transactions.
In case customer rarely visits the bank branches the customer will get 9 free transctions per month. In case the balance is less than 25,000 then only 5 free transctions, above tis the customer will charged witha fee of Rs 20 for each transaction.