Mumbai, Mar 28: The Reserve Bank of India has permitted banks to increase charges on ATM cash withdrawals beyond the free monthly usage by Rs 2 to Rs 23 per transaction from May 1.
Currently, banks are allowed to charge Rs 21 per transaction, after a customer exhausts the free transaction limit.
The RBI further said the instructions shall also apply, mutatis mutandis, to transactions done at cash recycler machines (other than for cash deposit transactions).
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