The central bank has approved a Rs 2 increase in ATM interchange fees for financial transactions and Re 1 for non-financial transactions. Customers of smaller banks may feel the pinch more, as they ...

The government's response indicates that SBI has consistently outperformed other PSBs in terms of fee income from ATM transactions over the last five years, leading to losses for the latter.

Withdrawing cash from ATMs in India will become costlier from May 1, as the Reserve Bank of India (RBI) has raised interchange fees. This means customers who rely on ATMs for financial ...

Starting May 1, customers will see a bump in ATM transaction charges across India. These charges apply once users exhaust their free monthly limits — five transactions in metro cities and three ...

Transactions value is expected to increase at the rate of inflation. Adaptation of digital payments is largely in the urban and metro areas. ATM transactions are still prevalent in semi-urban and ...

ATM withdrawal is going to be more expensive in the country. The Reserve Bank of India (RBI) has approved an increase in ATM interchange fees. This means that additional charges will be levied on ...

The Reserve Bank of India (RBI) has approved an increase in ATM interchange fees, raising charges by Rs 2 for financial transactions and Re 1 for non-financial transactions. The revision ...

The higher fees aim to compensate for the growing expenses of running ATM networks. From May 1, the fee for financial transactions beyond the free limit will rise by Rs 2, bringing the total charge to ...

This move aims to sustain ATM operators' business viability. Cardholders in major cities will still have a limited number of free transactions available. This fee, charged between card-issuing and ...

Automated Teller Machine withdrawals in India are set to become more expensive from May 1, as the Reserve Bank of India has approved a hike in ATM interchange fees. This means financial transactions ...

The Reserve Bank of India (RBI) has increased ATM interchange fees, leading to higher charges for transactions exceeding the free monthly limits, as per the DD report An ATM interchange fee is the ...