ATM transactions No Charge

Free ATM transactions to five in the month, Reserve Bank Deputy Governor KC Chakrabarty on offer banks are broke . The All India Bank Association ( IBA) , taking to task the proposal , said that if the bank decides to do so, it would be ridiculous and absurd .
It does not happen anywhere else in the world . Prktria withdrawals so if the costs charged to withdraw money from the bank put its branches . Market competition is low . So banks are rubbish . We then such flaws will open more banks .

MV Tnksale IBA CEO propose that every month just five free ATM transactions are permitted . Whether it be from your bank or another bank 's ATM . Banks are being forced to take this step so that the security guards are hitting the ATM . This has increased their expenditure . In addition, they also will have to CCTV . There is no option to limit the transaction .

The total cost of bank ATM security has crossed Rs 4,000 crore . Bangalore since the attack on a woman at an ATM security guard being . Chakraborty said that the IBA had not yet sent the proposal to the RBI . After the proposal would constitute a committee which will consider all issues , including the cost of ATM security .