As per the notification issued by the banks, the .third party ATM usage. will now be restricted to certain withdrawals and limits only. What does it really mean?begin{enumerate}item The ATM cardholders will not be able to withdraw from other banks ATMs under any circumstances.item Customers of one bank may be able to withdraw only a limited amount from other banks ATMs.item ATM card holders will have to pay a fee if they withdraw money from other banks ATMs frequently.end{enumerate}

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

As per the notification issued by the banks, the .third party ATM usage. will now be restricted to certain withdrawals and limits only. What does it really mean?

A	Only 1
B	Only 2
C	Only 3
D	Only 2 & (3)

Explanation:

Detailed explanation-1: -Your daily cash withdrawal limit at ATMs depends on your account type. It is significantly higher for priority accounts but could be slightly lower for regular accounts. Per an RBI mandate, you get 5 free transactions per month at your own bank ATMs and 3 free transactions at other bank ATMs.

Detailed explanation-2: -Most often, ATM cash withdrawal limits range from $300 to $1, 000 per day. Again, this is determined by the bank or credit union-there is no standard daily ATM withdrawal limit. Your personal bank ATM withdrawal limit also may depend on the types of accounts you have and your banking history.

Detailed explanation-3: -Banks were allowed by the RBI to charge ₹ 21 per each extra transaction at the ATM beyond the monthly free limit, effective from 1 January 2022. All major banks, both in the public and private sector, allow a limited number of free transactions at the ATMs every month.

Detailed explanation-4: -All bank customers are given five free ATM withdrawals at their own banks by the Reserve Bank of India. Is there a limit to the number of times money can be withdrawn from an ATM every month? Usually, banks allow customers to make five withdrawals at no additional charges in a month.

There is 1 question to complete.