BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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8 per month
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5 per month
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2 per month
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3 per month
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Detailed explanation-1: -Latest ATM Withdrawal Limits & Transaction Charges in India. According to the change in regulations from the Reserve Bank of India, customers are now entitled to three free ATM transactions each month instead of five transactions.
Detailed explanation-2: -ATM cash withdrawal rules: Usually, banks offers five free transactions at the ATMs every month. All the lenders provide a limited number of free ATM transactions every month. Once the limit is exhausted, banks levy a charge along with taxes for any further transactions, including financial and non-financial services.
Detailed explanation-3: -A limit of Rs 10, 000 per transaction is required for the cash withdrawals from ATMs of other bank accounts. A charge of Rs 20 is applicable for exceeding the number of ATM transaction limits.