The bank had given this information on Twitter, in response to which many customers have welcomed this initiative of the bank. A customer wrote that this is a commendable step by the bank towards promoting digital banking.
ATM Unlimited Transaction
Banks have their own rules regarding ATM transactions. Most of the banks give their customers the facility of free transactions up to 5 times only. These rules are for general cities, while in metro cities this limit is only up to 3 times. But Ujjivan Small Finance Bank gives its customers the facility of unlimited free ATM transactions. The bank had given information about this facility on World Senior Citizen Day in the past.
According to the information given by Ujjivan Small Finance Bank, customers can do unlimited transactions from both the bank branch and ATM. Customers can withdraw and deposit money from banks or ATMs without any charges. Cash transaction from ATM or non-cash transaction… the bank will not charge any fee from its customers.
Its customers are also happy on this initiative of the bank. The bank had given this information on its official Twitter handle, in response to which many customers have welcomed this initiative of the bank. A customer wrote that this is a commendable step by the bank towards promoting digital banking.
Let us tell you that in June, RBI changed the rules for cash withdrawal from ATMs. RBI has allowed an increase in the interchange fee per transaction from Rs 15 to Rs 17 for financial transactions and from Rs 5 to Rs 6 for non-financial transactions. These have come into effect from 1 August 2021.
If you are a customer of Ujjivan Small Finance Bank, then no limit for cash or non-cash transactions will be applicable for you from ATMs of the same bank. The bank has given the facility of unlimited transactions to its customers. That is, no matter how many times you withdraw cash or transfer amount or inquire, you will not be charged for this.