If you are in search to find the ways which can help you save ATM transaction charges, here is a solution to avoid these charges. Banking consumers now pay more if they are creative with ATM transactions as banks have capped the free usage for only three times in six metros. Reserve Bank of India had taken a decision on this problem facing by the users.

The capping and additional fees on excess usage come following the recent Reserve Bank of India (RBI) circular allowing banks to limit the number of free ATM transactions to five – three in the largest six cities and two elsewhere – a month. There are four ways of coming out of this problem. They are as follows.

Planning proper cash flow plan:

Don’t visit the ATM for small amounts to with draw. Visiting ATM to withdraw small amounts is a very injudicious practice. Just plan a proper cash flow in advance so that you don’t need to visit ATM to withdraw small amounts on a regular basis. The lesser you transact, smaller you will pay in the form of transaction charges. Always keep an emergency cash fund ready with yourself.

Using salary account:

There are few banks which provide the facility of unlimited transactions on salary accounts. In addition, these banks provide relaxation to account holders with large balance in terms of transactions.

Don’t Visit ATM Frequently:

This is one of the main things to be done. Generally people visit ATM frequent to inquire about their account balance and pull out mini-statement. You can instead use SMS, phone or net banking facility for the same purpose and save on transaction charges.

Limit cash payment:

It is good making payments and shopping or anything by using internet or phone banking. Try to pay using debit/ credit cards. It helps in saving transaction charges. Nowadays, several banks offer cash back if you are paying using credit/debit card.

Thus you can save the money from the extra charges charging by the banks. These are few tips to follow to get out from the extra charges.