NEWS & ADVICE : CREDIT CARDS
ICICI bank limited free ATM transactions to 5 a month
By Ankit Sharma
Dec 9, 2014
Print    Email    RSS   

ICICI bank customers will now be charged after 5 free transactions from the ATM. ICICI bank announced that bank will now limit the free transactions up to 5 a month. After five transactions the bank will charge a fee of Rs 20.

This will be applicable from the coming year January 1, 2015. The free transactions at the bank’s own ATM will 3(in metros) and 5 in non metro Cities. As per the RBI rules from 1st November banks were asked to cap the number of free transactions.

Banks were allowed to limit the number of transactions on their own. Many banks have allowed unlimited free transactions as well. IBA stated that the limiting of free transactions and charging from customers is because of the growing cost of ATM deployment and maintenance incurred by banks.


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

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
5 steps to avoid credit card debt and...
All about Vintage/Classic car insurance in...
Make more out of your credit card with...
Prevent your debit and credit card from...
Handle your credit card with Care


i want to check my account
what is my credit card statement
i forgot my ATM pin number i could i get it again
how to improve my CIBIL score???

NEWS THIS WEEK
91st Founders day of the Karnataka Bank Feb 18, 2015
Banks on strike from 25th February Feb 16, 2015
SBT bank postponed the Open House meet Feb 13, 2015
Yes bank planning to line up for credit card portfolio Feb 12, 2015
Pocket banking – new app by ICICI bank Feb 11, 2015
News Archive