Bhuvaneshwari, V (2015) RBI restriction of free ATM transactions in metro cities. International Journal of Multidisciplinary Research and Development, 2 (3). pp. 83-88. ISSN 2349-5979

[thumbnail of RBI restriction of free ATM transactions in metro cities.pdf] Text
RBI restriction of free ATM transactions in metro cities.pdf - Published Version
Download (139kB)

Abstract

Automated teller machine (ATM) is one of the most popular delivery channels as it permits customers
to do Anywhere, Anytime banking. Both, the bank and customers stand to gain in several ways. Many
people have a habit of withdrawing small amounts of money from the ATM to curb spending
tendencies, but often end up with a high frequency of withdrawals. There are some others who are
reluctant to use net banking or mobile banking facilities and depend on ATMs for checking account
balance. RBI has issued new rules and guidelines limiting the number of times to use the ATM in a
month. The new ATM transaction rules issued by the Reserve Bank of India is applicable to all ATM
transactions including withdrawing cash, checking account balance or getting a mini account statement.
This study is an attempt to know the changes introduced by RBI for ATM transaction.

Item Type: Article
Uncontrolled Keywords: ATM, ATM usage fee, ATM usage rules, Fees for ATM withdrawals.
Divisions: PSG College of Arts and Science > Department of Commerce
Depositing User: Mr Team Mosys
Date Deposited: 03 Mar 2022 09:00
Last Modified: 03 Mar 2022 09:27
URI: http://ir.psgcas.ac.in/id/eprint/543

Actions (login required)

View Item
View Item
Altmetric