Cryptocurrency Q&A
What is the penalty for ATM?
What is the penalty for ATM?
Skywalker
Sat Nov 30 2024
|
5 answers
1268
I want to know the penalty for ATM transactions. What are the consequences or fines associated with ATM usage in case of any violation or misuse?
5 answers
emma_rose_activist
Mon Dec 02 2024
Specifically, a flat penalty of ₹ 10,000/- per ATM will be imposed.
Was this helpful?
288
60
Alessandra
Mon Dec 02 2024
The penalty for cash-out at any ATM exceeding ten hours in a month has been set.
Was this helpful?
273
49
Lorenzo
Sun Dec 01 2024
This penalty is applicable regardless of the number of transactions or the amount withdrawn.
Was this helpful?
172
44
AzrilTaufani
Sun Dec 01 2024
For White Label ATMs (WLAs), the penalty will be charged to the bank responsible for meeting the cash requirement of that particular WLA.
Was this helpful?
162
43
Rosalia
Sun Dec 01 2024
This measure is aimed at preventing misuse of ATMs and ensuring their proper usage.
Was this helpful?
373
40
