Excelsior Correspondent
SRINAGAR, Dec 30: J&K Bank in a breather to its customers has decided to provide 15 free transactions (financial and non-financial) per month for its customers.
Beyond that, a charge of Rs 20 (inclusive of taxes) per financial transaction and Rs 10 (inclusive of taxes) per non-financial transaction shall be levied for use of own-bank ATMs at all locations with effect from January 1, 2015.
Notably, the Reserve Bank of India (RBI) has allowed the banks to charge card usuage for own-bank ATMs to minimum five free transactions per month.
Similarly, in case of Domestic Transactions at other banks’ ATMs (Both NFS and MasterCard ATMs), Bank will provide 5 free transactions in a month at all locations (Metro/Non-Metro) to its saving bank account holders.
However, from 6th transaction onwards usage charges of Rs20 per transaction (inclusive of taxes) for cash transactions and Rs 10 (inclusive of taxes) per transaction for non-financial transaction.
Likewise, apart from free balance inquiry facility, all the financial as well as non-financial transactions of the current account holders would be charged at Rs 20 per transaction.
Only 5 ATM transactions both OFF-US as well as ON-US (inclusive of financial and non-financial transactions) per month free of charge allowed to small /no frills/basic savings bank deposit accounts.
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