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ATM INTERCHANGE FEES
ATMs hungry, but not for more cashMany Indians face empty ATMs despite ample cash in circulation. This is due to serious disruptions in cash movement. UPI's rapid rise and i...- ATMs in small hubs may run out of cash: Confederation of ATM IndustryATM operators are demanding ₹100 crore compensation from banks. State Bank of India is accused of sending most cash to big cities. This lea...
- Axis Bank revises ATM transaction fees effective July 1, 2025: Check revised chargesAxis Bank is updating its ATM transaction fees starting July 1, 2025, increasing charges for transactions exceeding free limits. This chang...
- From ATM fees to FD rates: Key financial changes effective May 1, 2025Starting May 1, 2025, significant financial changes will impact banking, including revised ATM charges and deposit interest rates. The 'One...
- Transaction cost on Rupay credit card to rise for these merchants as interchange fees for select categories go up starting May 1, states NPCIStarting May 1, 2025, NPCI is set to increase interchange fees for Rupay credit cards, affecting both domestic and international transactio...
- RBI increases ATM withdrawal fee to Rs 23 from May 2025The Reserve Bank of India has raised the maximum ATM withdrawal fee banks can charge to Rs 23, starting May 1, 2025. This follows an approv...
- RBI to hike ATM transaction fee from Rs 21 to Rs 23 starting May 2025Effective May 1, 2025, ATM transaction fees will increase to Rs 23 per transaction, up from Rs 21. Customers will continue to receive five ...
- Most of India is still ATMnirbharHigher ATM interchange fees have been introduced by RBI to slow the decline in the number of ATMs and improve their profitability. This pol...
- Your ATM withdrawals will now cost more as RBI raises interchange fees; new changes & other detailsThe RBI and NPCI approved a Rs 2 increase in ATM interchange fees for cash withdrawals, effective from May 1, 2025. The new fees will be Rs...
- RBI forms panel to review fee structure for white-label ATMsRBI has set up a review committee to revise the fee structure for white-label ATMs (WLAs) to propose a fair and sustainable model. The comm...
- ATM operators seek Rs 2 hike in interchange fee for viabilityThe Confederation of ATM Industry, or CATMI, wants this fee to be raised to a maximum of Rs 23 per transaction to ensure more funding commi...
- RBI allows banks to charge Rs 21 for post limit ATM transactions from January 1However, customers will continue to be eligible for five free transactions (inclusive of financial and non-financial transactions) every mo...
- ATM operators seek higher fees on withdrawalsBesides, free withdrawals may be capped at 3 for urban areas in place of the current 5 free transactions.
- RBI to finalise banks' interchange fee for Aadhaar based paymentsThe National Payments Corporation of India (NPCI) had proposed the interchange fee at 1% of the transaction amount subjected to a maximum o...
- ATM body urges RBI to correct fee structure to curb lossesIt says the latest RBI direction to reconfigure cash vending machines will increase their cost by at least 25 per cent, leaving them unviab...
- Fight on over micro-ATM interchange fee ratesBanks with big micro-ATM network want fee on transactions by competitors’ customers to be raised to 1% from 0.5% as they find it unviable t...
- Micro ATM fee: Big banks plan escape routeNow, banks will meet with the NPCI on April 19 to decide on the fee.
- Big banks plan 90% cut in fees for micro ATMsMove to cut intercharge fees will make business unviable for institutions that have taken banking to villages thereby rendering a big blow ...
- The case against hiking ATM feesBanks proposing to raise interchange fees for use of their ATM network by customers of other banks should understand that financial inclusi...
- Banks asked to place ATM interchange fee proposal in 15 daysA panel formed to suggest a fair fee structure for ATM transactions has set a time frame of 15 days for lenders to place their draft propos...
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