INSUBCONTINENT EXCLUSIVE:
RBI revised ATM charges after a gap of nine yearsThe Reserve Bank of India (RBI) on Thursday okayed a hike in the interchange fees per
transaction through automated teller machines (ATMs) from the existing Rs 15 to Rs 17 for financial transactions
For non-financial transactions, the fees has been increased from five rupees to six rupees
customer is eligible to conduct from other banks' ATMs, the interchange fee has been hiked from the existing Rs 20 to Rs 21 per transaction
The central bank cleared the new charges on the basis of the recommendations of a committee which it had formed two years back to study the
ATM charges and interchange fees.RBI also took into account the increasing cost of ATM deployment and expenses towards ATM maintenance
