ATM withdrawal ki charges enti la Modi Tatha?

[Android_Halwa]

Well, thats very appropriate.

These charges were there before. The banks needs to invest heavily in ATM network especially after demonetization and have to improve their overall service and make people visit ATM more than teller lines at the bank.

This is one of the revenue model to raise money to install and manage ATM network and also by discouraging unnecessarily cash withdrawals. Well, that was the concept of demonetization and these ATM charges are pretty much every where ..and in India also they had these charges earlier and the same is continuing.

adedo ipudu kothaga charges vesthunattu...endi vaya, media and reports ante valla agenda vuntadi kabati ilanti rumours spread chestaru...sadivetollaina jara dekh ke sadavali kada bhai..

 

[Bhai]

37 minutes ago, idibezwada said:

neyavva...10% pedte janam inka bank vadatam kuda manestaru..

malli demonetization ante techi kuppal kuppal vestaru 

[Kool_SRG]

12 minutes ago, riashli said:

I think I read somewhere..After 4 free transactions 150/- charge avutundi ani.. banks like ICICI n HDFC.. not sure though.. calling @timmy for any such link.. 

Madam those are for Cash Deposit & Withdrawal in Bank that too from April 1st not now...

[Kool_SRG]

14 minutes ago, riashli said:

I think I read somewhere..After 4 free transactions 150/- charge avutundi ani.. banks like ICICI n HDFC.. not sure though.. calling @timmy for any such link.. 

You may have to pay more for cash withdrawals

Banks have started imposing cash transaction charges—another move to nudge customers towards cashless transactions

State Bank of India, the country’s largest lender, will charge Rs50 for each transaction beyond the free transaction limit, plus service tax, from 1 April. Top private sector banks have started imposing cash transaction charges—another move to nudge customers towards cashless transactions.

Customers of ICICI Bank, Axis Bank, HDFC Bank and Kotak Mahindra Bank will have to pay minimum Rs 150 for cash transactions beyond the free limit. Savings bank account holders of SBI will be able to make three free cash transactions in a month.

The free transaction limit is different for different banks and is also based on the types of accounts. For example, ICICI Bank, HDFC Bank and the Edge or Nova savings accounts of Kotak Mahindra Bank allow four free cash transactions each month. For Axis Bank and Kotak Mahindra’s Pro or Classic account holders, the number of free transactions is five. Customers with the Ace and Platina accounts at Kotak Mahindra Bank can perform 10 free cash transactions per month.

Most public sector banks and some private sector banks have not yet announced cash transaction charges. But even now, public sector banks charge a transaction fee beyond a certain limit. Punjab National Bank allows 50 free transactions in a quarter, after which it charges Rs5 per transaction, according to details given on Paisabazaar.com.

Among the payments banks, Airtel Payments Bank charges Rs1 to Rs25 for withdrawals in the range of Rs10 to Rs4,000 and 0.65% for amounts over Rs4,000. IndiaPost Payments Bank charges Rs15-35 for withdrawals of up to Rs10,000. But this is only for door-to-door banking.  

atm withdrawals

Transaction charges by banks will only be applicable on cash transactions at branches; ATM withdrawals will not be considered in calculating these number of transactions. The number of free ATM transactions will remain the same.

Most banks allow five free ATM transactions every month without any additional cost at their own ATMs. Three transactions are free at other banks’ ATMs in six metro cities—Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad. For non-metro users, the number of free transactions at other banks’ ATMs are five.

“There cannot be unlimited free transactions,” said Naveen Kukreja, co-founder and chief executive officer, Paisabazaar.com, adding that the number of free transactions will vary based on the relationship customers have with their banks.

impact

The new charges could pinch people who make withdrawals for daily or weekly use, or those who frequently transfer money from one city to another to their families.

“In all likelihood, most such high frequency transactions will be low in value,” Kukreja said. The biggest impact, however, is likely to be on small businesses like shopkeepers and traders who tend to deposit each day’s cash collection in their bank accounts the next day, he added.

However, the restrictions on cash transactions are largely aimed at savings bank accounts. The free transaction limits for current accounts remain much liberal.

For instance, a normal current account holder in SBI can deposit Rs25,000 per day without any charge, and thereafter a charge of Rs0.75 plus service tax per Rs1,000 would be applicable.

So, if you own a small business and make banking transactions through a current account, the impact of the limited cash transactions may not have a major impact on you. But if you frequently use savings bank account for these transactions, you may have to be careful with how many times you do so.

 

[Kool_SRG]

Revised bank charges: Here’s why and how much you have to pay 

NEW DELHI: Major Indian banks — SBI, ICICI, HDFC and Axis — have decided to charge users for cash transactions above certain limits and for a few facilities which were free till now. More banks are expected to follow suit. The new charges are aimed at discouraging cash transactions though banks might end up profiting from them hugely. 

Below is what you must know if you have an account in any of these banks: 
 

State Bank of India 
1. From April 1, SBI will permit savings bank account holders to deposit cash three times a month free of charge. Beyond that, it will charge Rs 50 plus service tax for every transaction. 

2. In case of current account, the levy could go as high as Rs 20,000. 
 

3. SBI account holders will also have to keep a minimum balance in their accounts, failing which they will be fined. The fine will be lower for rural areas.

 

4. In metropolitan areas, there will be a charge of Rs 100 plus service tax if the balance falls below 75 per cent of the minimum available balance of Rs 5,000. If the shortfall is 50 per cent or less, the bank will charge Rs 50 plus service tax. SBI used to have such charges in 2012. 

5. Withdrawal of cash from ATMs will attract a charge of up to Rs 20 if the number of transactions from ATMs of other banks exceeds three and Rs 10 for more than five withdrawals from SBI ATMs. 
 

6. However, SBI will not levy any charge on withdrawals from its own ATMs if the balance exceeds Rs 25,000. In case of withdrawals from ATMs of other banks, there will be no charge if the balance exceeds Rs 1 lakh. 

7. SBI will charge Rs 15 for SMS alerts per quarter from debit card holders who maintain average quarterly balance of up to Rs 25,000 during the three months. There will be no charge for UPI/USSD transactions of up to Rs 1,000. 
 

 

[Kool_SRG]

Axis Bank 
1. Axis Bank customers will be allowed five free transactions every month, including deposits and withdrawals. Above that, customers will be charged a minimum fee of Rs 95 per transaction. 

2. Up to five non-home branch transactions will be free for customers, subject to a maximum per-day deposit of Rs 50,000. For larger deposits or the sixth transaction, the bank would charge Rs 2.50 per Rs 1,000, or Rs 95 per transaction, whichever is higher.  .. 
 

HDFC Bank 
1. HDFC Bank will levy Rs 150 per transaction, beyond four free ones (deposits and withdrawals) each month. 

2. The new charges would apply to savings as well as salary accounts. 

3. For home-branch transactions, the bank will allow deposits or withdrawals of up to Rs 2 lakh free of cost at one go per day. Beyond this, it will charge Rs 5 per Rs 1,000, or Rs 150. 

4. At non-home branches, transactions beyond Rs 25,0 000 a day will attract a charge of Rs 5 per Rs 1,000, or Rs 150. 
 

 

 

[Kool_SRG]

ICICI Bank 
1. There will be no charge for first four transactions a month at branches in home city while Rs 5 per Rs 1,000 will be charged thereafter subject to a minimum of Rs 150 in one month. 

2. The third-party limit would be Rs 50,000 per day. 

3. For non-home branches, ICICI Bank would not charge for first cash withdrawal of a calendar month and Rs 5 per Rs 1,000 thereafter subject to a minimum of Rs 150. 

4. For anywhere cash deposit, ICICI Bank would charge Rs 5 per Rs 1,000 (subject to a minimum of 150) at branches, while deposit at cash acceptance machines would be free of charge for first cash deposit of a calendar month and Rs 5 per Rs 1,000 thereafter. 
 

 

[Myth1]

Entee rules 

[Feku]

6 hours ago, Picha lite said:

DP name justified 

 

6 hours ago, riashli said:

150/- charge avutundi 

 

[MrGymson]

7 hours ago, Feku said:

ICICI bank and withdrawing at ICICI charged 10%, this is ridiculous 

too much bro....ATM lo a/c provide chesinanduka idi...

[zoolakataka_14]

1 minute ago, MrGymson said:

too much bro....ATM lo a/c provide chesinanduka idi...

Quote

 

[Feku]

8 minutes ago, MrGymson said:

too much bro....ATM lo a/c provide chesinanduka idi...

[shango]

asalu amtkladina padstai vidfasnam ha jied ka cheisn dmgfkm ika chalu ani perifkj tajak ja bi kmajakj ikla cjalio amim ja kiladi ninnu chism maha pranta neta ga manam cheisna oka nagaram

[Feku]

8 hours ago, shango said:

asalu amtkladina padstai vidfasnam ha jied ka cheisn dmgfkm ika chalu ani perifkj tajak ja bi kmajakj ikla cjalio amim ja kiladi ninnu chism maha pranta neta ga manam cheisna oka nagaram

True bhayya