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Banks cannot charge for these ATM transactions

For the benefit of bank account holders, the banking regulator RBI has come out with clarifications on free ATM transactions. Here are five transactions that can’t be counted in the free transactions provided by the bank. 1) Failed transactions because of technical reasons like hardware or software 2) Declined transactions due non-availability of currency notes 3) Invalid PIN or other validations 4) Transactions that are attributable of bank or service provider 5) Non-cash withdrawal transactions at ATMs such as balance enquiry, cheque book request, payment of taxes, fund transfers.

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