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Centre announces free ATM withdrawals for 3 months

Date: 2020-03-25 15:22:28


Union Finance Minister Nirmala Sitharaman announced that debit cardholders could withdraw cash from any other bank's ATM free of charge for the next three months.

Highlights:
♦ There will not be any minimum balance requirement fee in the bank accounts. The announcement comes as lockdown, and the curfew is in place in many parts of India amid coronavirus pandemic.
♦ Centre has also waived minimum bank charges for savings bank accounts.
♦ Finance Ministry is also working on an economic package that will be announced soon in the wake of the COVID-19 outbreak.