Inter-bank ATM access to be free from April '09
New Delhi, Feb 20, 2008 : Customers of one bank will be allowed free use of ATMs of other banks from April 1, 2009, as stated by the Reserve Bank Of India or RBI in its draft circular on 'ATMs of banks: Fair Pricing and Enhanced Access".
The
RBI,
which
is
the
governing
body,
has
rejected
other
banks" plea
to
cap
the
number
of
free
cash
withdrawals
every
month
by
saying
that
such
a
cap
was
not
desirable
and
not
practical.
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Story first published: Wednesday, February 20, 2008, 15:27 [IST]