ATM uses _ rule will change from 1st Nov 2014

• Total Number of  Automated Teller Machines (ATMs) is  1.6 lakh across the country by end-March 2014.
• Total number of Point-of-Sale (POS) in India is   10.65 lakh terminals.

What is the change ?

• The number of mandatory free ATM transactions for savings bank account customers at other banks’ ATMs will be  reduced from the present five to three transactions per month (inclusive of both financial and non-financial transactions) for transactions done at the ATMs located in the six metro centres, viz. Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad.
•  At other locations i.e. other than the six metro centres mentioned above, the present facility of five free transactions for savings bank account customers shall remain unchanged.
• Own-bank ATMs,  five free transactions (inclusive of financial and non financial transactions) per month should be permitted to the savings bank account customers for use of own bank ATMs at all locations.
• The ceiling / cap on customer charges of Rs.20/- per transaction (plus service tax, if any) will be applicable.