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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