ATM Transaction fee: Big news! If you withdraw money from ATM more than 4 times, then Rs 173 will be deducted! , know details here

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ATM Transaction Fee: People forward different types of messages on social media. Most of it is limited to entertainment only, while some are aimed at duping innocent people. At the same time, a large section just keeps spreading fake news on social media.

Their aim is to create disturbances in the system only through fake news. A similar social media post is going viral, in which it is being claimed that if you withdraw money from your ATM more than four times in a month, then you will have to pay Rs 173 as transaction fee. Let us know what is the truth of this viral message.

What is viral message

It is being claimed in this viral message that for withdrawing money from ATM more than four times, you will have to pay Rs 150 as tax and Rs 23 as service charge. This means that you will have to pay a total of Rs 173 as charge. It has been told in this message that banks have implemented this rule from June 1.

What is the truth of viral message

PIB FactCheck, an organization to find out the truth of such fake messages on behalf of the government, investigated this viral message and found that this message is completely fake. No such order has been given by the Reserve Bank of India (RBI) or any other bank, nor has there been any change in the rules for withdrawing cash from ATMs.

What is the rule

PIB said that the rules for withdrawing cash from ATMs of banks are the same as before. In this, customers can make 5 withdrawals of the month from their bank’s ATM absolutely free. After this, on withdrawal, you have to pay a maximum of Rs 21 per transaction and tax if any.

Beware of such messages

PIB has advised people not to fall into the trap of any such message. PIB said that avoid sharing any such message whose authenticity you doubt. People should refrain from further sharing such messages with tempting offers and misleading facts.

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