Interchange Fee News

Money

Is it finally time for a hike in ATM interchange fees?

Every time you make a transaction at an ATM machine that does not belong to your card-issuing bank, it pays an interchange fee to the operator of the ATM you have usedThe card issuing bank pays a fee of ₹15 for each cash transaction and ₹5 for each non-cash one

4 min read23 Jun 2019
Money

SBI ATM withdrawal rules: Free transactions, charges and other details

RBI on 11 June constituted a six-member committee to review ATM interchange fee structureAll major banks allow a certain number of free transactions at their own ATMs every month

1 min read22 Jun 2019
Money

Why ATM operators are threatening to close half the ATMs

Costs have gone up for ATM operators and cash management companies owing to some new rules by the ministry of home affairs and RBI

2 min read3 Dec 2018
Industry

ATM operators demand an increase in inter-bank charges

The demand for raising the rate is being led by private sector banks

3 min read1 Jan 2018

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