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...
09 Apr, 2025, 10.49 AM IST
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...
28 Mar, 2025, 09.36 PM IST
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 ...
28 Mar, 2025, 05.16 PM IST
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 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...
19 Jul, 2024, 12.08 AM IST
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...
13 Jun, 2024, 12.54 AM IST
NPCI sets 1.1% interchange fee on UPI payments via prepaid instruments, walletsThe National Payments Corporation of India has set the interchange fee at 1.1% for merchant transactions initiated using a Prepaid Payment ...
31 Mar, 2023, 06.20 PM IST
Paytm shares rise 3%. Here's what's driving the stockOne97 Communications which owns a 49% stake in Paytm Payments Bank (PPBL) said in a stock exchange filing on Monday that the payments bank ...
28 Mar, 2023, 12.19 PM IST
You will have to pay more for ATM transactions from January 1, 2022: Here’s whyBank customers will have to pay Rs 21 per transaction, instead of Rs 20, with effect from January 1, 2022, if they exceed the monthly limit...
28 Dec, 2021, 11.20 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
RBI's new rules on interchange fee, 24/7 bulk clearing facility functionalThe RBI in June raised the interchange fee for financial transactions from Rs 15 to Rs 17, while for non-financial transactions the increas...
01 Aug, 2021, 05.38 PM IST
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...
10 Jun, 2021, 08.37 PM IST
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.
15 Feb, 2020, 03.04 PM 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
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...
01 Jul, 2018, 03.56 PM 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
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...
28 Feb, 2014, 04.00 AM IST