Now only 3 withdrawal free vs 5 earlier

The RBI gas recently changed rules by reducing the number of withdrawals that one can make out a different bank atm

Now one can only use another banks ATM 3 times a month vs earlier allowed 5 months for free.

This I think is a retrograde step. The banks are doing quite well and there is no pressure on their balance sheet.

Already banks are charging money for SMS updates and.emails.

I have had to multiple times use another bank atm while I was trying to withdraw a monthly expenses. Especially when they don't allow more than rs 10,000 per withdrawal.

With the government looking to get every person a bank account in the next few years,  it becomes imperative that such steps are not done making it difficult for consumers... especially small ones.

To find your bank ATM one may need to take an auto or travel by car to a little more distance....ensuring more petrol wastage and time and effort

Its simplefinancialsense. Hope the RBI takes notice