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ATM operators seek higher ‘interchange...

Mumbai : Bank customers may be hit...

ATM operators seek higher ‘interchange rates’, customers may be hit

Mumbai : Bank customers may be hit as ATM operators have demanded higher "interchange rates" for ATM transactions to enable them to comply with recent stringent RBI guidelines, an industry body said here on Wednesday. Presently, all banks charge a fee of Rs 15 for each cash and Rs 5 for all non-cash transactions from each other for use of their ATMs by other banks' customers -- which is recovered from the (user) customers -- beyond the five minimum free transactions. Now, the Confederation of ATM Industry (CATMi) has demanded that...

ATM operators seek...

Mumbai : Bank customers may be hit as ATM operators have demanded higher "interchange rates" for ATM transactions to enable them to comply with...
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