How much do you have to pay each year to use ATM card? If you don't know that then know that

In today’s digital era, almost every person has an ATM card or debit card. It has become our daily need – to withdraw cash or pay online, ATM card is used everywhere. But have you ever thought that how many fees you pay to the bank each year for this facility? If you are also one of the millions of people using ATM cards but do not know much about the costs and fees associated with them, this article is very important to you. Banks subtract the annual Maintenance Fees (AMC) and GST of ATM card every year without providing information. Let us understand in detail what this charge is, why are you taken and how can you avoid it. How much cost is there on the ATM card? Each bank gives ATM or debit cards to its customers, but it requires the annual maintenance costs (AMC). This is different according to the category, facilities and bank policy of the Hef Card. AMC series: GST from £ 0 to £ 2,000 is also taken separately at this cost. Many private banks also provide customized premium debit cards to their customers whose fees are even higher, the most important thing is that these costs are deducted from your account every year, whether you have used the card or not. Why are these charges charged? If you are taking an ATM card, you will find many services, such as: Cash Withdrawal Post (selling point) online payments -sMS and e -mail warning card replacement or blocker facilities are charged to maintain these services and operate bank arrangements. That is, it is not just the card, but the maintenance costs of the entire service. Repeated withdrawals from the cupboard can be loaded. According to RBI guidelines, the bank offers free cash withdrawal from ATM (3 times in Metro cities) to ATM every month. After this, each additional transaction is charged with £ 20 to £ 25. This means that the use of ATM gives more frequent burden on your pocket. How to avoid charge? There are some easy ways to avoid the cost of the ATM card: Take a debit card that is with basic savings account: Many banks offer basic debit cards that have no AMC. However, banks do not usually promote it, so your bank has to go and ask for this especially. Use limited ATM: Use as much digital payment as possible to avoid the free limit. If you do not use the card, get it closed: Many people think that if they do not drive the card, there will be no cost. While the truth is that AMC and GST are cut on the active card, whether you use it or not. In such a situation, it would be better for you to go to the bank and make the card closed or choose a card with an annual fee. Conclusion: ATM card is our need, but it can be our fault to ignore the fees involved. If we do not pay attention, hundreds of rupees are accidentally deducted from the account each year. Therefore, it is important that we understand the category of our ATM card, AMC and GST on it and select the option without a fee of the bank if necessary. The smart customer is the one who understands the costs associated with the facilities.