ATM withdrawals: Now, withdrawing money from ATMs can be expensive. Find out what the new value is.

From 2022, withdrawing money from ATMs will be more expensive. Starting next month, ATM users will have to pay a higher rate if they exceed their free ATM limit.

ATM withdrawals: Now, withdrawing money from ATMs can be expensive. Find out what the new value is.

From 2022, withdrawing money from ATMs will be more expensive. Starting next month, ATM users will have to pay a higher rate if they exceed their free ATM limit.

According to the Reserve Bank of India (RBI), Axis Bank claims the exchange rate is over Rs 21 plus Gs 21 plus GST. These changes will come into effect on January 1, 2022.

Until now, consumers had to pay a fee of Rs 20 to exceed their monthly free trade limit. At the same time, you will have to pay an additional 21 rupees for an exchange and GST from next month. The RBI has increased its spending slightly as the tour moves to reimburse the bank for the higher exchange rates. As a result, banks can increase their rates up to Rs 21 per transaction.

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You can make 5 free exchanges.

3 Free trades can be turned into 5 free ATM trades. This includes financial and non-financial markets. Customers can make 3 free exchanges at other ATMs in major cities and 5 free exchanges in non-metropolitan areas.

In addition, the RBI has agreed to increase the exchange rate of an exchange. The exchange rate fell from 15 rupees to 17 rupees. The exchange rate for non-financial markets fell from 5 rupees to 6 rupees. From August 1, 2021.

Important news for SBI bankers

The State Financial Institution of India (SBI), the largest state-owned financial institution in India, has established significant currency exchange regulations. This is for people who withdraw more than 10,000 rupees at ATMs. Under these rules, you must receive OTP if you delete more than 10,000. OTP secures the business and creates illegal services for fraud.

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