Business
These five ATM rules will change from today: Check details here
From tomorrow, 1 January 2022, the bank customers who are doing regular ATM transactions will experience new changes. As per the fresh guidelines issued by the RBI, the customers will have to pay more for their ATM transactions after the free monthly limit gets exhausted.
![ATM Transaction New Rules It will be more expensive to withdraw money from ATM from January 1st! Find out how much it will cost.]({"default":{"load":"default","w":"80","h":"53","src":"//img-s-msn-com.akamaized.net/tenant/amp/entityid/AARSfyc.img?h=533&w=799&m=6&q=60&o=f&l=f"},"size3column":{"load":"default","w":"62","h":"42","src":"//img-s-msn-com.akamaized.net/tenant/amp/entityid/AARSfyc.img?h=416&w=624&m=6&q=60&o=f&l=f"},"size2column":{"load":"default","w":"62","h":"42","src":"//img-s-msn-com.akamaized.net/tenant/amp/entityid/AARSfyc.img?h=416&w=624&m=6&q=60&o=f&l=f"}})
In this regard, the Reserve Bank of India (RBI) had earlier announced that the cash withdrawal charges on ATMs will be increased from 1 January 2022. After receiving the guidelines from the RBI, other banks such as ICICI Bank, HDFC Bank and Axis Bank have updated their respective websites regarding the new charges for cash and non-cash ATM transactions. However, the banks customers must know 5 things about the new ATM transaction rules.
ATM cash withdrawal charges to increase: In its guidelines, the RBI has allowed the commercial banks to increase the charges for cash and non-cash ATM transactions beyond the free monthly permissible limit from January 2022.
How much to pay for extra ATM cash withdrawal? The RBI has already said that starting from 1 January 2022, the bank customers will have to pay Rs 21 per transaction, instead of Rs 20 if they exceed the monthly limit of free transactions at the ATMs.
Monthly free limits at home bank: The bank customers, however, should know that they are eligible for five free transactions (inclusive of financial and non-financial transactions) every month from home bank ATMs.
Monthly free limits at other banks: As per the RBI guidelines, the bank customers can do three free transactions in metro centres and five transactions in non-metro centres from other banks. These free transactions include financial and non-financial transactions.
Why RBI increased ATM withdrawal charges? It must be noted that the RBI announced the changes based on the suggestions of a committee set up by the central bank in June 2019. The panel made the suggestions after reviewing the entire gamut of ATM charges and fees with a particular focus on interchange structure for ATM transactions.
If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.
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The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.
Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.
Amazon Summer Sale May 2022: Discount offer on iPhone 13
Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.
If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.
Buy at Rs. 64,900 (MRP – Rs. 79,900)
Features of Apple iPhone 13
The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.
The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.
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