“Banks are now going to charge 173 rupees for every ATM transaction beyond the permissible limit”
What FACTLY found
On 10 June 2021, RBI issued a notification by revising the interchange fees and customer service charges of Automated Teller Machine (ATM) transactions. According to the new RBI regulations, customers are eligible for five free transactions every month from their own bank ATMs and three free transactions in other bank ATMs in metro centres. Beyond the free transactions, banks are allowed to charge 21 rupees for every additional ATM transaction. These RBI guidelines will come into force from 0...
Their words, from the summary they publish with the rating.
In short
This claim spread on social media around 5 August 2021. FACTLY (India) looked into it and published its finding on 19 August 2021, 14 days later. Its rating was “MISLEADING”.
Where the claim appeared
Links recorded by FACTLY. Some posts may have been deleted since.
This check was done by FACTLY, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.