ATM transactions may become fully free under Jan Dhan Yojana
Advertisement
The government is mulling to allow more free ATM transactions, especially under Jan Dhan Yojana for financial inclusion.
The government thinks that keeping restrictions in free ATM transactions may hurt the Jan Dhan Yojana, which aims to have at least one bank account in every household of India, especially rural areas.
In this regard, the government and theRBI are in talks. Presently, every ATM card holder is restricted to three free transactions from other bank’s ATM and in some places five.
ATM transactions by savings bank account holders can also be restricted at their own banks to a certain number, beyond which they can be charged fees of Rs 20 per use.
(Image: Indiatimes)
Advertisement
Advertisement
The government thinks that keeping restrictions in free ATM transactions may hurt the Jan Dhan Yojana, which aims to have at least one bank account in every household of India, especially rural areas.
In this regard, the government and the
ATM transactions by savings bank account holders can also be restricted at their own banks to a certain number, beyond which they can be charged fees of Rs 20 per use.
(Image: Indiatimes)
Advertisement
- US buys 81 Soviet-era combat aircraft from Russia's ally costing on average less than $20,000 each, report says
- 2 states where home prices are falling because there are too many houses and not enough buyers
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- 10 benefits of incorporating almond oil into your daily diet
- From heart health to detoxification: 10 reasons to eat beetroot
- Why did a NASA spacecraft suddenly start talking gibberish after more than 45 years of operation? What fixed it?
- ICICI Bank shares climb nearly 5% after Q4 earnings; mcap soars by ₹36,555.4 crore
- Markets rebound sharply on buying in bank stocks firm global trends