Free withdrawals from all ATMs from April 01, 2009

Now there is no need to hustle and sweat it out to locate ATMs of your own Bank. Good news is that you can now use ATM of your choice without shelling out any single penny. This will take effect from 1st April 2009.

Thanks to and RBI directive, much to the relief of comman man, banks have been prevented from charging any fee for cash withdrawals using ATM and Debit Cards issued by other banks from April 01 onwards. However, banks can still charge extra for services like cash withdrawal with the use of Credit Cards and at ATMs located outside India.

Last year on March 10, RBI had come out with guidelines limiting the fee charged by bannks for using their ATMs by clients of the other lenders to Rs.20/-.