Inter-bank ATM access to be free from April '09

By Staff

Published: Wednesday, February 20, 2008, 15:27 [IST]

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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