Now withdrawing money from ATMs of other banks has become costly for the customers.
Many banks offer unlimited free withdrawal, if the customers are willing to deposit a higher amount. These are generally premium bank accounts.
New Delhi. The Reserve Bank of India (RBI) has recently allowed banks to increase the charges for withdrawing money from ATMs. After which now more money will be charged for withdrawal than the fixed limit for withdrawing money from ATM. However, it has not increased much. Where earlier it used to cost Rs 20, now it will cost Rs 21. For now five transactions will be free for customers from any other bank’s ATM. The increased charge will be applicable after that. Despite the increase, if you can deduct ATM withdrawal charges in the past or even avoid it altogether. So today we know what are those ways…
upgrade your bank account
Many banks offer Unlimited Free Withdrawal if the customers are ready to deposit a higher amount. These are generally premium bank accounts. Where the customer would have to maintain a minimum bank balance of 20 thousand rupees per month. Take Kotar Mahindra Bank for example. According to the bank’s official website, its Pro Savings Account allows free cash withdrawals through the bank’s Visa ATMs. But for this, a minimum monthly balance of Rs 20,000 should be kept in the bank and the limit for every transaction is Rs 10,000. HDFC Bank has a Savings Max account, where it offers free transactions at all ATMs and other benefits. For this, it is necessary for the depositor to keep a monthly balance of 25 thousand in the bank.
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Now many shopkeepers accept digital payments. Unified Payment Interface (UPI) is the most common method of this. Therefore, by adopting digital payment, you can easily keep an eye on your expenses as well. There is no charge for most digital transactions. At present there are many options apart from UPI. Apart from UPI, you can also use Debit Card, Credit Card or E-Wallet.