One of the leading private sector banks – HDFC bank has announced that bank has decided to charge its customers after five transactions from its own ATM and after 3 in the metro cities. Till now HDFC is the first one to charge the customers for making transactions from its own ATM. The rule will applicable from 1st December,2014.
Banks are free to limit the free transactions as per their convenience. Hitherto ICICI bank has allowed its customers to enjoy unlimited free transactions from its own ATM. Usually other banks are not charging customers for making transactions from their own banks. For salary and savings account customers the bank has planned to charge Rs 20 and Rs 8.5 plus taxes per transaction for non-financial transactions, such as balance enquiry, change of PIN, mini statement, etc.