As per the notification issued by the banks, the "third party ATM usage" will now be restricted to certain withdrawals and limits only. What does it really mean?
A. The ATM cardholders will not be able to withdraw from other banks ATMs under any circumstances.
B. Customers of one bank may be able to withdraw only a limited amount from other banks ATMs.
C. ATM card holders will have to pay a fee if they withdraw money from other banks ATMs frequently.

Only (A)

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Only (B)

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Only (C)

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Only (B) and (C)

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Solution

The correct option is C Only (B) and (C)
As per the notification issued by the banks, the "third party ATM usage" will now be restricted to certain withdrawals and limits only. It is done to check the money flows in the economy. It means two things: a) Customers of one bank may be able to withdraw only a limited amount from other banks ATMs.
b) ATM card holders will have to pay a fee if they withdraw money from other banks ATMs frequently.

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