You get these rights at ATM SERVICE ATM, you can take damages of Rs 100 per day

You get these rights at ATM SERVICE ATM, you can take damages of Rs 100 per day

Uses of ATM

ATM Machine&nbsp

Headlines

  • If money is accidentally deducted from ATM, then 100 rupees will be given on daily basis.
  • If the bank does not listen, the user can also complain to the Banking Ombudsman after 30 days.
  • RuPay card holders get free insurance up to Rs 2 lakh on debit and credit cards. Apart from this, other banks also offer insurance cover depending on the category of the card.

New Delhi: The Reserve Bank of India has made a big announcement in view of the shortage of cash in ATMs. Now banks will have to pay a penalty if there is no cash after a time limit. This penalty will have to be paid up to Rs 10,000 per ATM. The new system will come into effect from October 1, 2021. Obviously, the new order of RBI is going to give big relief to the customers. Because banks will be afraid that if there is a shortage of cash, they will have to pay a penalty.

What did RBI say

According to the new guidelines of RBI, from October, banks will have to inform how long their ATMs remain without cash in a month. Under this, if there will be no cash in the ATM of a bank for more than 10 hours within a month. Then he will have to pay penalty. Banks will have to submit the first report to the RBI by November 5. Obviously after this arrangement, you will also be able to give information in this regard to RBI.

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If money is deducted by mistake then 100 rupees will be given on daily basis.

Similarly, RBI has given the right to customers that if a user’s money is accidentally deducted while using ATM, then he can recover damages from the bank. Under this, if the card issuing bank does not return the money within 5 days. So the customer will get a fine of Rs 100 per day thereafter. For this the user does not need to apply anywhere.

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What to do if the bank does not pay the damages

But if the user is not compensated by the card issuing bank, then he can complain to the bank. The bank will have to redress his complaint and will pay damages as per rules. If the bank does not listen even here, the user can also complain to the Banking Ombudsman after 30 days. Where his complaint will be dealt with. Complaints against the Banking Ombudsman can be made through the link given below.

https://rbi.org.in/Scripts/AboutUsDisplay.aspx?pg=BankingOmbudsmen.htm or make an online complaint

Remember 5 and 3 formula

From August 1, the rules for ATM transactions have also been changed. In such a situation, you should know that how much withdrawal you can do from ATM during a month for free. For example, if you use your own bank’s ATM. So 5 transactions can be done from it for free. But if you use another bank’s ATM, you can do 3 transactions in metro cities and 5 in non-metro cities for free.

2 lakh free insurance on Rupay card

If you are a Rupay card holder then you get free insurance up to Rs 2 lakh on debit and credit cards for free. Apart from this, other banks also offer insurance cover depending on the category of the card. Under this, you can get a cover of up to Rs 10 lakh by paying a small premium amount. At present, most of the banks are offering free insurance cover to their card holders. Which can be claimed within 90 days of the death of the card holder.

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