No more ATM transaction fee for Fed Bank customers

Kochi, Jan 25 (PTI) Kerala based Federal Bank todayannounced no transaction fee will be levied for its customerson withdrawals from other bank ATMs even beyond the cap offive transactions per month.

At present a debit card holder of a particular bank can dotransactions at an ATM of a different bank upto five times amonth. From the sixth transaction, most of the banks levy Rs20 per transaction.

With the introduction of the new facility, a Federal bankdebit card holder can transact through any Bank�s ATM in thecountry, any number of times, without being levied anycharges. This facility is extended to all debit card holders,irrespective of the type of account they hold, a bank pressrelease said.

The facility will become operational from tomorrow.