{"id":85741,"date":"2016-11-15T16:22:09","date_gmt":"2016-11-15T10:52:09","guid":{"rendered":"http:\/\/www.scconline.com\/blog\/?p=85741"},"modified":"2016-11-15T16:22:09","modified_gmt":"2016-11-15T10:52:09","slug":"usage-of-atms-waiver-of-customer-charges","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2016\/11\/15\/usage-of-atms-waiver-of-customer-charges\/","title":{"rendered":"Usage of ATMs \u2013 Waiver of customer charges"},"content":{"rendered":"<p style=\"text-align: justify;\">A reference is invited to the\u00a0circular DPSS.CO.PD.No.316\/02.10.002\/2014-2015 dated August 14, 2014\u00a0on rationalisation of number of mandatory free ATM transactions for savings bank account customers for transactions done at their own bank ATMs as well as at ATMs of other banks. A reference is also drawn to\u00a0Circular No.DCM (Plg) No.1226\/10.27.00\/2016-17 dated November 08, 2016\u00a0on the withdrawal of legal tender characteristics of existing Rs. 500\/- and Rs. 1000\/- Bank Notes (Specified Bank Notes \u2013 SBN) and\u00a0Circular RBI\/2016-17\/111 DPSS.CO.PD.No.\/02.10.002\/2016-2017 dated November 8, 2016\u00a0on, inter alia, closure of ATMs and waiver of charges on withdrawals from ATMs till December 30, 2016.<\/p>\n<p style=\"text-align: justify;\">2. In this regard, it has been decided that banks shall waive levy of ATM charges for all transactions (inclusive of both financial and non-financial transactions) by savings bank customers done at their own banks\u2019 ATMs as well as at other banks\u2019 ATMs, irrespective of the number of transactions during the month.<\/p>\n<p style=\"text-align: justify;\">3. This waiver is applicable on transactions done at ATMs from November 10, 2016 till December 30, 2016, subject to review.<\/p>\n<p style=\"text-align: justify;\">4. The directive is issued under Section 10(2) read with Section 18 of Payment and Settlement Systems Act 2007, (Act 51 of 2007).<\/p>\n<p style=\"text-align: right;\">Reserve Bank of India<\/p>\n<p style=\"text-align: right;\">[Notification dated\u00a0November 14, 2016]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A reference is invited to the\u00a0circular DPSS.CO.PD.No.316\/02.10.002\/2014-2015 dated August 14, 2014\u00a0on rationalisation of number of mandatory free ATM transactions for savings bank <\/p>\n","protected":false},"author":91,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1188,2],"tags":[],"class_list":["post-85741","post","type-post","status-publish","format-standard","hentry","category-hot_off_the_press","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast 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limit of cash withdrawal from ATMs enhanced to Rs 4500 per day per card","author":"Saba","date":"December 31, 2016","format":false,"excerpt":"Cash withdrawal from ATMs \u2013 Enhancement of daily limits Please refer to our circular DCM (Plg) No. 1424\/10.27.00\/2016-17 dated November 25, 2016 on \u201cWithdrawal of cash from bank deposit account - Relaxation\u201d.\u00a0On a review of the position, the daily limit of withdrawal from ATMs has been increased (within the overall\u2026","rel":"","context":"In &quot;Hot Off The Press&quot;","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":99861,"url":"https:\/\/www.scconline.com\/blog\/post\/2017\/01\/17\/withdrawal-limits-from-atms-and-current-accounts-enhanced\/","url_meta":{"origin":85741,"position":1},"title":"Withdrawal limits from ATMs and Current Accounts enhanced","author":"Saba","date":"January 17, 2017","format":false,"excerpt":"Enhancement of withdrawal limits from ATMs and Current Accounts Please refer to our circulars DCM (Plg) No. 1274, 1317, 1437 and 2142\/10.27.00\/2016-17 dated November 14, 21 and 28 and December 30, 2016, respectively, on the above subject. 2. On a review of limits placed on withdrawals from ATMs and current\u2026","rel":"","context":"In &quot;Hot Off The Press&quot;","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":85351,"url":"https:\/\/www.scconline.com\/blog\/post\/2016\/11\/14\/demonetisation-cash-withdrawal-limit-enhanced-to-rs-2500-at-atms-notified\/","url_meta":{"origin":85741,"position":2},"title":"Demonetisation: Cash withdrawal limit enhanced to Rs 2500 at ATMs, notified","author":"Saba","date":"November 14, 2016","format":false,"excerpt":"S.O. 3446(E).\u2014In exercise of the powers conferred by sub-section (2) of Section 26 of the Reserve Bank of\u00a0India Act, 1934 (2 of 1934), the Central Government hereby amends the notification of the Government of India, in the Ministry of Finance, Department of Economic Affairs number S.O. 3407(E) dated the 8th\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":85541,"url":"https:\/\/www.scconline.com\/blog\/post\/2016\/11\/15\/constitution-of-task-force-for-enabling-dispensation-of-mahatma-gandhi-new-series-banknotes-recalibration-reactivation-of-atms\/","url_meta":{"origin":85741,"position":3},"title":"Constitution of Task Force for enabling dispensation of Mahatma Gandhi (New) Series Banknotes &#8211; Recalibration &#038; reactivation of ATMs","author":"Saba","date":"November 15, 2016","format":false,"excerpt":"It has become necessary to re-calibrate all ATMs\/ Cash handling machines to dispense the new design notes following introduction of Mahatma Gandhi (New) Series Banknotes including a new High Denomination (Rs 2000) in new designs. 2. ATMs play a vital role in meeting the currency requirements of the public and\u2026","rel":"","context":"In &quot;Hot Off The Press&quot;","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":85991,"url":"https:\/\/www.scconline.com\/blog\/post\/2016\/11\/16\/rbi-updated-faqs-on-withdrawal-of-specified-bank-notes\/","url_meta":{"origin":85741,"position":4},"title":"RBI: Updated FAQs on Withdrawal of Specified Bank Notes","author":"Saba","date":"November 16, 2016","format":false,"excerpt":"FAQs on Withdrawal of Legal Tender Character of the existing Bank Notes in the denominations of Rs 500\/- and Rs 1000\/-\u00a0[Updated as on November 16, 2016] 1. Why is this scheme introduced? The incidence of fake Indian currency notes in higher denomination has increased. For ordinary persons, the fake notes\u2026","rel":"","context":"In &quot;Hot Off The Press&quot;","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":85711,"url":"https:\/\/www.scconline.com\/blog\/post\/2016\/11\/17\/demonetisation-expanding-distribution-locations-for-deposit-withdrawal-of-cash\/","url_meta":{"origin":85741,"position":5},"title":"Demonetisation: Expanding distribution locations for deposit &#038; withdrawal of cash","author":"Saba","date":"November 17, 2016","format":false,"excerpt":"Please refer to our\u00a0Circular No. DCM (Plg) No.1226\/10.27.00\/2016-17 dated November 08, 2016\u00a0on the captioned subject. With a view to widen the existing facilities to exchange\/deposit the specified bank notes and withdraw cash from their accounts, banks are advised to put in place the following additional measures so that member public\u2026","rel":"","context":"In &quot;Hot Off The Press&quot;","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/85741","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/91"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=85741"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/85741\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=85741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=85741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=85741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}