From ATM transaction charges, Bank Withdrawal charges: 5 Major rules changing from Ist January 2022

Here are 5 major rules impacting common man that will change from January 2022

From ATM transaction charges, GST to bank withdrawal charges: 5 Major rules changing from January 2022

 

 

 

 

 

New Delhi: Several rules pertaining to banking, financial and other sectors are changing from January 1. Since these new rules are set to impact the day-to-day lives of a common man and hence it is important to know more about these changes in detail.

 

 

Here are 5 major rules impacting common man that will change from January 2022

 

New ATM withdrawal charges from January 1, 2022

 

From January 1, ATM withdrawal beyond a certain limit is going to pinch the customer’s pocket as banks will levy higher ATM withdrawal charges from next month. Bank customers will have to pay Rs 21 per transaction, instead of Rs 20, with effect from January 1, 2022, if they exceed the monthly limit of free transactions. However, customers will continue to be eligible for five free transactions (inclusive of financial and non-financial transactions) every month from their own bank ATMs. They would also be able to do three free transactions from other bank ATMs in metro centres and five in non-metro centres.

 

India Post Payments Bank (IPPB) deposit/withdrawal charges from January 1, 2022

 

Customers of India Post Payments Bank (IPPB) are in for some sad news starting next month. Account holders of this bank will have to pay a charge for withdrawing and depositing cash amounting to Rs 10,000. The new rule will come into effect from January 1. There are three types of savings accounts for India Post Payments Bank customers: (a)Basic Savings Account, (b) Savings (other than Basic SA) & Current Accounts, and (c) Savings (other than Basic SA) & Current Accounts. IPPB has informed all the concerned that charges of on Cash Deposit & Cash Withdrawal transactions as mentioned below will be effective from 01 January, 2022 at the below mentioned rates. Check out the new rate/fee table on Cash Transaction Charges.

 

 

Account Type Transaction Type Free Limit Charges

 

Basic Savings AccountCash WithdrawalFree, up to 4 transactions per monthPost free limit, 0.50% of the value subject to minimum Rs. 25 per transaction

 

 

 

Basic Savings AccountCash DepositsFree 

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Savings (other than Basic SA) & Current AccountsCash DepositsFree, up to Rs. 25,000 per month.Post free limit, 0.50% of the value subject to minimum Rs. 25 per transaction

 

 

 

 

Also Read:-Uniform Charges To Be Credited Into Bank Accounts Of Class I To VIII Students

 

 

 

 

 

 

 

Savings (other than Basic SA) & Current Accounts

 

Cash Deposits Free, up to Rs. 10,000 per month.          Post free limit, 0.50% of the value subject to minimum Rs. 25 per transaction

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