Finance Minister, Ravi Karunanayake called for a meeting in Thaj Samudra Hotel yesterday (15) , where he cleared the cloud that people use ATM to withdraw or deposit cash in banks need not pay additional Rs 5 per transaction. What was proposed in the budget is in regard to transaction done by Banks and Financial Institutions to make a payment of Rs 5 per transaction.
It has to be mentioned that minimum fine of Rs 2500 for traffic offences and 30 % increase on water tariff proposed in the budget are suspended.
Additional Rs 5 Tax on ATM withdrawal is the third item in the budget back tracked.