Summary:
If your cash transaction at ATM is declined because of technical reasons or non-availability of currency, it will not be counted in your regular free transaction, said a recent statement of the national banking regulator. It also said that non-cash transactions like balance enquiry, cheque book request, payment of taxes, funds transfer will not be part of the free ATM transactions. In its recent note, the Reserve Bank of India (RBI) said: "It has come to our notice that transactions that have failed due to technical reasons, non-availability of currency in ATMs, etc., are also included in the number of free ATM transactions. A bank account holder is given five free transactions per account. Of these, three are allowed for transactions from home branches, while two transactions are allowed for non-home branches..