Good News - Its true - Not a April Fool Joke - No more transaction Fees by ATMs

Good news for ATM withdrawals in India, Use any ATM Bank Card in Any Bank - FREE - No transaction charge by any bank

From today 1st April onwards it effective as per mandatory instruction from RBI , Reserve Bank of India, Its not a APRIL FOOL JOKE, Its True

Initially banks use to charge 20rs transaction fee to withdrawing money from Bank's ATM which is not the same your ATM CARD different bank Card

Now RBI has announced bank shouldn't charge inter bank , intra bank transaction fees completely free and its mandatory that all banks should support each other

Read More :-

http://www.moneycontrol.com/india/news/business/use-any-atm-at-no-extra-costapril-1/391217

Its a Good News , Its True , Not a APRIL FOOL JOKE

 

Ya, its good news.

But don't know why today my PNB card didn't worked in SBI ATM. IT used to work earlier.

 

Its like google today Serps up and down because of PR updates so for SBI database updates

SBI is not supporting any cards they messed up, I had same experience , Hopefully will be fine later

But then I tried AXIS bank and it work with Citi, HDFC both

but SBI messed up like google , Database updated or PR update same , SBI is google of banks in india

 

Quite right too... having to pay money to withdraw your own money... what an absurd idea!

 

Yes this news is true ... !! This is not a april fool day !!

 

Congrats, Waiting for that here in Egypt.

 

April Fool ... it was a joke no?

 

It is no joke but the fact. RBI finally woke up and did something really good for the common man.

Countryboy is right that it is really absurd to pay for withdrawing your own money...I am glad that better sense finally prevailed.

Regards,

RightMan

 

I'm waiting for that in the US

 

I believe Australia recently introduced a law that ATMs can charge whatever they like for transactions, and then you still have to add on the fees your bank charges you.

Not really when you consider the manufacturing and operating costs of providing such a convenient service.

 

WOW! It is really a great news that there is no charges for withdrawal money from ATM in India but i wish this rules applicable to all countries also.Thanks for sharing nice info.

 

Well reverse of what it is in INDIA

Well infrastructure cost i guess is recovered by banks already in terms of other fees they charge in different forms and they are relying on heavy profits so its a good move by RBI