What is metro and non metro location?

The definition of metro is based on the total population living in the city (more than 4 million as per Indian census). For the purpose of this article, we considered Delhi, Mumbai, Kolkata and Chennai as metro cities and all others as non-metro cities.

What does metro ATM mean?

Transactions considered will include both Financial (Cash Withdrawal) and Non-Financial Transactions (Balance Enquiry , Mini Statement & PIN Change) Transactions conducted at ATMs in Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad will be considered as Metro ATMs .

What is ATM transaction fee?

ATM usage fees are the fees that many banks and interbank networks charge for the use of their automated teller machines (ATMs). The surcharge fee may be imposed by the ATM owner (the deployer or independent sales organization) and will be charged to the consumer using the machine.

What are financial and non financial transactions in ATM?

Change of user details, balance inquiry, mini statement printing, PIN change and cheque book request are the NFTs at ATM. Financial transactions involve transfer of funds between accounts. In case of financial transaction ATM, money will be debited. Non financial transactions are those which don’t involve money, goods.

What is the meaning of non metro?

Definition of nonmetro : not of, relating to, or characteristic of a metropolis : nonmetropolitan nonmetro counties Even though nonmetropolitan population is growing faster than metro population, the nonmetro share of new homes has remained about 34\%.—

What is non metro location?

adj. not metropolitan; rural or semi-rural.

What is non financial transaction?

Non-financial transactions are transactions that do not involve the flow of money or goods and services, for instance, the destruction of a plant by a natural disaster or the appointment of new staff. Non-financial transactions almost always have a related financial implication, but that is a separate transaction.

Which banks pay ATM fees?

Best banks with no ATM fees

Bank	ATM network and fees
Radius	Unlimited ATM fee reimbursements domestically on certain accounts
Alliant Credit Union	80,000+ fee-free ATMs, and reimbursements of up to $20 a month for out-of-network fees
Charles Schwab Bank	Unlimited ATM fee reimbursements worldwide
Citibank	65,000+ fee-free ATMs

Where do ATM fees go?

One goes to the bank that owns the ATM and the other to their own bank for using an out-of-network ATM. According to a Bankrate study, the national average fee to use an out-of-network ATM was $4.68 in 2018—36\% higher than it was in 2008.

What do you mean by non-financial transaction?

What are non-financial transactions examples?

Answer: Non-financial transactions include services such as balance enquiry, changing the ATM pin, mini statement, and booking a Fixed Deposit.

What are non metropolitan areas?

Nonmetropolitan area means an area which is not an “urbanized area” as defined by the United States Bureau of the Census.