RBI Changes ATM TRANSECTION rules by RBI | ATM Transection rules 2019, kitne baar ek month me Transection kar sakte hai, RBI new transection charges defined clearly . New ATM transection rules .
What is White Lebel ATM & Brown Lebel ATM explain it this video.
■The Reserve Bank of India (RBI) has asked commercial banks not to treat ATM transactions failing for technical reasons as well as non-cash withdrawal transactions - such as balance enquiries or cheque book requests - as part of the free transactions available to customers every month. Currently, transactions failed due to technical reasons or non-availability of cash in ATMs are counted as valid transactions. This means such transactions are treated as normal transactions, and lead to charges as soon as the customer exhausts the maximum number of free transactions in a month. These transactions "shall not be counted as valid ATM transactions for the customer",
★These ATM Transactions Not To Be Counted As Free Transactions In A Month -
1) The central bank directed the lenders not to count transactions failing on account of technical reasons such as hardware, software or communication issues and non-availability of currency notes in the ATM for the customer.
2) All scheduled commercial banks - including regional rural banks, urban/state/district central co-operative banks, small finance banks and payment banks - as well as white label ATM operators have also been directed not to treat transactions failing due to reasons such as invalid PIN and validation among the free transactions allowed to a customer in a month.
3) Non-cash withdrawal transactions - such as balance enquiry, cheque book request, payment of taxes and funds transfer - will also not be part of the number of free ATM transactions, according to the RBI.
4) Consequently, no charges will be levied on these failed transactions," the RBI added.
5) For transactions at the ATMs in the network of the same bank as the account, the lenders offer a minimum of five free transactions in a month.
6) Currently, these charges cannot exceed a maximum of Rs 20 per transaction (plus applicable taxes, if any) by banks, according to the RBI.
#AtmTransectionNewRules
#RbiChangesATMtransectionRules
#RBIatmTransectionRules
