– Charge for withdrawing money from ATM
Bhopal. Due to Corona virus epidemic in complete Madhya Pradesh, there was no cost on withdrawing money from any financial institution’s debit or ATM card from some other financial institution’s ATM (ATM) until June 30, however withdrawing money from ATM from July 1, 2020. This rule is altering.
Now when you withdraw money from any ATM in Madhya Pradesh, then you’ll have to pay the transaction cost. If we discuss banks in Madhya Pradesh, there are about 7000 financial institution branches through which about 10 lakh staff work. ATM machines are put in in nearly all banks.
Let us let you know that because of Corona virus, the Finance Ministry had given an exemption that until June 30, there’ll be no cost for withdrawing money from any financial institution’s debit or ATM card from some other financial institution’s ATM. Normally solely a sure variety of money can be withdrawn from one other financial institution’s ATM, after which the withdrawal is charged.
At the identical time, this rule of withdrawing money from ATMs is altering from July 1, 2020. All transaction prices will be re-applied to withdraw money from ATMs. That means now the price should be paid for withdrawing greater than 10 instances.