Federal Bank to Abolish Service Charge on ATM Transactions

Posted Date: 25-Jan-2011	Category: Banks	Rating:
Author: Joseph Antony	Member Level: Gold	Points: 5

Federal Bank, one of the leading banks in the private sector, has decided to scrap service charge on ATM transactions of its account holders undertaken through other banks' ATM machines. This will come into effect from Jan 26.

Federal Bank's Republic Day Gift to Its Customers

Federal Bank has decided to scrap service charge on ATM transactions of its customers undertaken through other banks' ATM machines. At present such transactions are limited to 5 times, free of service charge. Banks charge Rs. 20 for every additional transaction done through other banks' ATM machines. As per the new norm, a Federal Bank ATM card holder can undertake any number of transactions through other bank's ATM machines without paying any additional charges for it. This way Federal Bank account holders can use more than 80,000 ATM machines across the country free of charge. This will come into effect from Jan 26, 2011.

Did you like this resource? Share it with your friends and show your love!

Read related articles: Bank News

Responses to "Federal Bank to Abolish Service Charge on ATM Transactions"

Feedbacks

Post Comment:

Notify me by email when others post comments to this article.

Do not include your name, "with regards" etc in the comment. Write detailed comment, relevant to the topic.

No HTML formatting and links to other web sites are allowed.

This is a strictly moderated site. Absolutely no spam allowed.

Name:	Sign In to fill automatically.
Email:	(Will not be published, but required to validate comment)
	Type the numbers and letters shown on the left.

	Next Resource: Reserve Bank Hikes Interest Rates
	Previous Resource: Kerala High Court permits Islamic Banking Institutions in Kerala
	Return to Resources
	Post New Resource
	Category: Banks