Searched for
MICRO ATM FEE
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...26 Mar, 2025, 12.27 AM IST- RBI says reviewing ATM outage circular after bank’s feedbackET was the first to report in its September 9 edition that lenders had approached the RBI seeking relaxation in its scheme citing issues of...09 Oct, 2021, 08.53 AM IST
- Suryoday Bank decides to shut down own ATMs, the first domestic lender to do soThe small finance bank is now formulating a strategy where it would offer its customers 5-7 transactions free per month when they use the A...29 Sep, 2021, 05.33 AM IST
- Banks urge RBI to relax rules on ATM cash-outsBanks have requested the Reserve Bank of India to give relaxation on its recent guidelines on ATM cash replenishment whereby the regulator ...09 Sep, 2021, 06.19 AM IST
- NPCI takes note of forced multiple withdrawals at white-labels, AePSThe National Payments Corp of India (NPCI) has ordered operators of white-label ATMs and bank agents facilitating Aadhaar-based payments to...08 Sep, 2021, 06.32 AM IST
- UPI crosses record 1.5 billion transactions in August, shows latest RBI dataIndustry experts said that while the surge in UPI-based micro-transactions could help India achieve its stated objective of transforming in...01 Sep, 2020, 12.13 AM IST
- 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...31 Aug, 2018, 06.25 AM IST
- United Bank of India raises red flag over Aadhaar pay round-trippingPSBs have allegedly lost lakhs due to round-tripping by business correspondents of private banks.03 Aug, 2018, 10.14 AM IST
- 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...01 Jan, 2018, 08.28 AM IST
- Oxigen bets big on microATMsMicroATMs are devices that are similar to the swipe ma chines found at retail outlets. In addition to supporting credit and debit card paym...16 May, 2017, 11.53 AM IST
- MicroATM charges fixed after much deliberationsFees fixed at 0.5 per cent of transaction amount.15 May, 2017, 02.49 PM IST
- Banks finalise interchange fee for Micro ATM transactionsThese charges, which are mostly agreeable to the bigger banks, were decided after almost a month-long debate.26 Apr, 2017, 12.53 PM IST
- Banks levy numerous fees on customers for services. Is it cost cover or easy money?In the battle for fees, banks should realise that maximising profits is a short-term game and a fair game could sow the seeds of long-term ...26 Apr, 2017, 09.52 AM IST
- Micro ATM fee: Big banks plan escape routeNow, banks will meet with the NPCI on April 19 to decide on the fee.18 Apr, 2017, 11.54 AM IST
- Facilitators want ATM fee to stayIn a letter addressed to the Reserve Bank of India and the finance ministry, the Business Correspondents Federation of India has asked the ...22 Mar, 2017, 11.41 AM IST
- 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 ...27 Feb, 2017, 04.15 PM IST
- Banks’ no-frills move is a win-win for allWhat began out of compulsion a year ago is now slowly turning out to be a viable business proposition for most banks.04 Dec, 2006, 12.50 AM IST
Load More
