InvestorQ : Do ATM transactions attract any fees?
Anjali Desai made post

Do ATM transactions attract any fees?

Answer
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Ayushi Kampani answered.
1 year ago


Yes, all banks charge their customers for the ATM transactions they conduct.

In fact, in August 2014, the Reserve Bank of India rolled out a policy that stated that banks can offer a certain number of transactions free of charge. Thus, banks were instructed to not charge customers for a certain number of transactions.

According to this policy, a bank’s customer would be eligible for three free transactions instead of the five transactions allowed previously.