I remember the time when we would take a token and wait for hours to take out money.. Now we may still be waiting in lines at the Atm but it is so much shorter.
The rbi had allowed that one can also use non home banks Atm for taking out money from Their accounts. However there are rules to this. It is important to know and understand these rules else there are charges which you would need to pay.
1. If you have a regular Atm card you can take out a maximum of five times without any service charges in a month
2. Some banks give preffered treatment to their customers. So if you have a gold card, then there is no limit.
Some guidance for all of you.. Pick up the phone and talk to your bank and understand what is the charge that you need to pay for .. And then use the convenience of using non home bank Atm.
Happy investing
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