Rs 173 will be deducted after 4 ATM withdrawals? Know truth about the claim : The 21st century is the age of technology. In such a changing time, there are many people who are spreading false messages from time to time to mislead the people. The one that is running a viral message right now. Will Rs 173 be deducted for pulling out cash from ATM multiple times ?. The truth of this viral message has been checked here. Whose entire information is given below.
A viral message going viral on social media is claiming that Rs 173 will now be deducted from any customer’s account for withdrawing money from an ATM more than 4 times.
The Reserve Bank of India (RBI) and the Central Government change the various banking facilities in the country from time to time. It includes changes in the rules of various services. Information about any change is given by the RBI or banks on their official website. Information on social media is going viral very fast these days, but in this age of technology it is often not clear which information is true and which is false.
A viral message going viral on social media is claiming that Rs 173 will now be deducted from any customer’s account for withdrawing money from an ATM more than 4 times. After a fax check of the message, the PIB said the claim was fake. 5 free exchanges should be possible consistently from your bank’s ATM. After this, a maximum of Rs 21 per transaction or if there is any tax, it has to be paid separately.
As a rule, you do not have to pay any charges on 5 transactions. After this, after withdrawing the money, you will have to pay a charge of Rs 21 and pay the tax separately. However, all non-financial transactions will be free, from checking the balance to changing the mini statement or PIN. In 6 metro cities (Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad) 3 transactions (financial and non-financial) are free and you have to pay a fee on it.
While in non-metro cities, customers can get 5 ATM transactions for free. After this, for financial transactions in metro cities, one has to pay Rs 21 per transaction and Rs 8.50 as non-financial transaction. In such a situation, the viral message of charging Rs 173 as transaction fee is completely false.