RBI to roll back cash withdrawal charges from any bank

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Few private banks are imposing cash withdrawal fees. HDFC, Axix bank, ICICI and soon many more banks will follow. Most banks do not have their ATM centers in enough locations. For withdrawal one has to go at least 3-4 kms. Citizens should not be taxed for withdrawals from any bank any number of times. With restrictions such as collecting fees, people will withdraw more money and hoard the cash and money circulation will be an issue. Public should not be inconvenienced.



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