Effective from April 1, 2009, in India customers will be able to withdraw money from the ATMs of any bank in India without paying out any fee (transaction charge) for the same, as per the new circular issued by the Reserve Bank of India (RBI).
RBI has directed banks to permit customers of one bank to use ATMs of other banks for free of cost for all transactions. Isn't it great news :) ??
But, my question is, then why would banks start new ATMs, their customers can use that of other banks...!!! :( ?
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