In yet another move to lessen woes of people facing cash crunch, the RBI on Monday directed banks to waive ATM charges on all transactions done by savings bank customers till December 30.
The waiver will be applicable on transactions done by a customer through his or her own bank ATM as well those of other banks.
“It has been decided that banks shall waive levy of ATM charges for all transactions (inclusive of both financial and non-financial transactions) by savings bank customers done at their own banks’ ATMs as well as at other banks’ ATMs, irrespective of the number of transactions during the month,” the central bank said in a late evening notification.
The waiver is applicable on transactions done at ATMs from November 10 till December 30, 2016.
There are about 2 lakh ATMs of different banks across the country.