No more ATM transaction fee for Fed Bank customers

At present a debit card holder of a particular bank can do transactions at an ATM of a different bank up to five times a month. From the sixth transaction, most of the banks levy Rs 20 per transaction.

With the introduction of the new facility, a Federal bank debit card holder can transact through any Bank ATM in the country, any number of times, without paying any charges. This facility is extended to all debit card holders, irrespective of the type of account they hold, a bank press release said.
The facility will be operational from tomorrow.

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