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 2019RBI 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 2019Costs 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 2018The demand for raising the rate is being led by private sector banks
3 min read1 Jan 2018The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared