ATM Sharing between Banks

The new RBI proposal on sharing of the ATM network between banks is a very good move as far as consumers are concerned. One of the advantages of ATM sharing being that consumers of the not so big banks can have wider access to ATMs. Obviously, there is going to be a fee associated with withdrawel using a external ATM, but atleast there is going to be a clear specification of the cost involved so that you can make an informed decision. RBI has also recommended that there be no charge for balance enquires.

Do note this is still a proposal and not every bank is interested in this yet.