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 ...

The apex bank released the revised ATM transaction fees in a circular dated February 10, 2025. Under the revised fee structure, withdrawals from one’s bank ATMs will remain free of charge.

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 ...

Banks have commenced implementation of the new Automated Teller Machine (ATM) transaction fee charge on customers following the Central Bank of Nigeria (CBN’s) directive. A survey of some banks ...

The House of Representatives has asked the Central Bank of Nigeria (CBN) to immediately suspend the implementation of increase in automated teller machine (ATM) transaction charges and stoppage of ...

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 ...