Corporation Bank has decided to offer unlimited number of free transactions in the bank’s ATMs for its savings bank customers.
A press release by the bank said here on Thursday that as per the revised guidelines of Reserve Bank of India, banks have an option to cap the number of free transactions (financial and non-financial) for savings bank account holders in own bank ATMs across India at five transactions per month.
However, Corporation Bank has decided to offer free transactions to all its savings bank account cardholders for using the bank’s ATMs, irrespective of the number of transactions, it added.