Thursday, March 14, 2013

ATM Cards in India

Banks for nearly a decade, 2002-2012, have issued debit cards with ATM function, as a result of which the usage of ATM cards increased considerably. The increased use of ATMs resulted in the Reserve Bank of India (RBI) in July 2011 putting a limit to the number of free transactions from an ATM of another bank. Earlier, the total number of financial transactions from an ATM of a bank apart from the cardholder’s bank was limited. However, non-financial transactions were free of cost.

To Know More : ATM Cards in India

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