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Federal Bank has introduced a new facility that enables its debit-card holders to perform transactions at any other bank's ATM in the country, any number of times, without being levied any charges. At present, a debit-card holder of a particular bank can perform transactions at an ATM of a different bank, up to five times a month.
From the sixth transaction onwards, most banks levy Rs 20 for a transaction. This new facility, introduced by Federal Bank, has been extended to all its debit-card holders, irrespective of the type of account they hold. The facility is operational from January 26.
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