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HomePersonal FinanceATM New Charges: Big news! 173 rupees will be deducted for withdrawing...

ATM New Charges: Big news! 173 rupees will be deducted for withdrawing money from ATM more than 4 times! know the truth

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If you also use ATM card, then this is important news for you. Nowadays, many types of rules are coming out regarding withdrawing money from ATMs.


New Delhi. If you also use ATM card, then this is important news for you. Nowadays, many types of rules are coming out regarding withdrawing money from ATMs. Meanwhile, a news is getting viral on social media that if a person withdraws money from ATM more than 4 times, then Rs 173 will be deducted (Free ATM Transactions).

Since this news went viral, people are also sharing it fast. Is this message going viral really true? If this is happening then for what is this money being deducted? Let’s know everything about it.

This claim is being made in the viral message
According to the viral message, for withdrawing money from ATM more than 4 times, a total of Rs 173 will be deducted including tax of Rs 150 and service charge of Rs 23. It is claimed that after 4 transactions in the bank from June 1, every transaction will be charged Rs 150.

PIB told this message to be fake
PIB has told the reality of this message going viral on social media. PIB has clearly said that this message is completely fake. 173 rupees are not being deducted from anyone’s account after 4 transactions. PIB has written in its message that 5 free transactions can be done every month from ATM. At the same time, after this, if there is a maximum of Rs 21 per transaction or any tax, it will have to be paid separately.

Know what is the rule of withdrawing money from ATM
If a customer uses another bank’s ATM, 3 financial and non-financial transactions are free in a month in metro cities. 5 transactions are free for non metro cities. After the free transaction, a charge of Rs 20 will be charged. However, from January 1, 2022, a maximum of Rs 21 can be charged.

Pravesh Maurya
Pravesh Maurya
Pravesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ businessleaguein@gmail.com
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