The Chairman and Managing
Director / Chief Executive Officers
All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks /
State Co-operative Banks / District Central Co-operative Banks
White Label ATM Operators
Dear Madam/ Sir,
Usage of ATMs – Waiver of
A reference is invited to the circular DPSS.CO.PD.No.316/02.10.002/2014-2015 dated
August 14, 2014 on rationalisation of number of mandatory free
ATM transactions for savings bank account customers for transactions done
at their own bank ATMs as well as at ATMs of other banks. A reference is
also drawn to Circular No.DCM (Plg)
No.1226/10.27.00/2016-17 dated November 08, 2016 on the
withdrawal of legal tender characteristics of existing ? 500/- and ? 1000/-
Bank Notes (Specified Bank Notes – SBN) and Circular
RBI/2016-17/111 DPSS.CO.PD.No./02.10.002/2016-2017 dated November 8, 2016 on,
inter alia, closure of ATMs and waiver of charges on withdrawals from ATMs
till December 30, 2016.
2. In this regard, it has been
decided that banks shall waive levy of ATM charges for all transactions
(inclusive of both financial and non-financial transactions) by savings
bank customers done at their own banks’ ATMs as well as at other banks’
ATMs, irrespective of the number of transactions during the month.
3. This waiver is applicable on
transactions done at ATMs from November 10, 2016 till December 30, 2016,
subject to review.
4. The directive is issued under
Section 10(2) read with Section 18 of Payment and Settlement Systems Act
2007, (Act 51 of 2007).
(Nanda S Dave)
Chief General Manager