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Bank ATM withdrawal, minimum balance: Relaxations expire this month

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coronavirus-induced lockdown, several relaxations were given to the people in banking related transactions for three months.

Finance Ministry had withdrawn all transaction charges to withdraw cash from ATMs till 30 June.Until there is no new announcement on the same, then previous ATM withdrawal, minimum balance in the account rules of the banks will be applicable from July 1.

Different banks have different ATM withdrawal and minimum balance rules.Minimum balance requirementMost banks demand a minimum balance requirement from an account holder and non-maintenance could attract penalty.

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