InvestorQ : Which banks allow free transactions at their own ATMs?
ananya Sing made post

Which banks allow free transactions at their own ATMs?

Answer
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Swapnil Sarang answered.
1 year ago


Most banks charge their customers for the ATM transactions they conduct. This came in to effect in August 2014, when 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.

However, certain banks have allowed customers to conduct free transactions at their own ATMs or home bank ATMs. These banks are:

- IDBI Bank

- Citi Bank

- Bank of Baroda

- State Bank of India (only for salary accounts)

- Kotak Mahindra Bank

- Canara Bank

- Punjab National Bank

Please note, this list can change based on banks’ discretion. So, do crosscheck with the bank as to how many free transactions they allow and where.