ATM Transaction Failed: Banks charge many types of ATM transaction and debit cards, one of these charges is charged when the balance in your account is low, and you have reached the ATM to withdraw money. This charge is such that it can be stopped, only a little caution is needed.
New Delhi: ATM Transaction update: Next time when you go to cash from ATM (Cash Transaction), first it will definitely check that you have as much money in your bank account, as you are going to withdraw, because if the balance ( Insufficient balance) is low and if the transaction fails you will have to pay a charge for it. So it is better that you keep information about such charges of your bank and be aware. We are going to tell you about banks and their ATM charges, if you understand it better then you can avoid such charges. Private banks, including the government, all charge such charges, let’s know which bank charges so much.
If your bank account is in State Bank of India. You will have to pay Rs 20 and GST separately if the transaction fails from the ATM. For this, you have used ATM of SBI or any other bank, you will have to pay this charge. SBI gives 5 transactions free to its customers every month, if you use SBI ATM in another bank, 3 transactions are free. On top of this, you have to pay 10 rupees plus GST on every transaction, for another bank it is 20 rupees plus GST.
ICICI Bank also charges for failed transactions due to low balance in the account. ICICI Bank also charges Rs 25 per transaction.
HDFC Bank Bank customers who use ATM anywhere in the world and due to low balance (insufficient funds), if the transaction fails, then the customers will have to pay a charge of Rs 25, pay the GST separately. HDFC Bank ATMs also have 5 transactions free, while other bank ATMs have 3 transactions free. After this, there is a charge of Rs 20, which does not include tax.
If a customer of a government-owned IDBI Bank withdraws money from another bank’s ATM and if the transaction fails due to low balance, then for every failed transaction, a fee of Rs 20 will be charged, in which tax will have to be paid separately. ATM Transaction Failed: Even if money is deducted from the account, will the cash not reach the ATM?
Yes Bank also charges 25 rupees to its account holders for reducing the balance.
Private sector banks Kotak Mahindra Bank and Axis Bank charge a fee of Rs 25 per transaction for failing to withdraw from ATMs if there is no money in the bank account.
First of all, download your mobile banking app on your smartphone, so that you know how much is the balance in your account. Also get the SMS alert activated for the account, this will keep you updated on the daily expenses of your account. Nearly all banks allow their customers to know the amount deposited in a savings account. You can get this information in a few minutes by making a missed call or sending an SMS to the bank’s given phone number from your registered mobile number.
