What is the maximum amount that banks can charge from customers w.e.f January 01, 2022, after free ATM transactions are over?

• A. Rs 27
• B. Rs 19
• C. Rs 21
• D. Rs 14

Answer: (C)

Presently banks are allowed to charge from customers a maximum of Rs 20 per transaction. RBI has increased this limit to Rs 21 per transaction w.e.f January 1, 2022.