Today onwards, all can use ATMs of any bank without any extra money, as per directive by the Reserve Bank of India.

Thanks to Reserve Bank for providing this much needed relief to the common man.

The regulator has asked the banks not to charge any fee for cash withdrawals using ATM and debit cards issued by other banks from April 1 onwards.

This facility is only in India. However, banks can still charge extra for services such as cash withdrawal with the use of credit cards and at ATMs located outside India.

Even then, some banks plan to expand their ATM network.

Oriental Bank of Commerce is planning to increase its ATM base and will open 60 new ATMs across the country to facilitate smooth cash withdrawal.
“We are planning to open 60 more ATMs to facilitate cash withdrawal,” OBC Executive Director SC Sinha said.

“We will abide by the RBI directions”- ICICI spokesperson said.

Last year on March 10, the RBI had come out with guidelines limiting the fee charged by banks for using their ATMs by clients of other lenders to Rs 20. It had also allowed the use of ATM, for purposes like balance enquiry, free of any charge.