RBI directions to simplify the ATM services

Now you no longer need to think twice to thrice to withdraw from your nearest ATM,which will most probably be not your banks' one :-)
RBI has directed the banks to follow the below directions inspite of their opposal.Cheers to ATM users
1]RBI has put a cap of 20Rs per transaction at any[banks] ATM.This will come to into effect from April 1 2008.
2]From April 2009 onwards the withdraw and deposit transaction in any ATM will be free
3]Balance enquiry operation will be free of cost with immediate effect.

This will certainly end the users confusion about the ties/relationships among the banks and the cost they will charge for the transaction they do.Although the bankers are worried about the move, considering the volume of operations that are going to increase, it should keep them in profit.