The RBI will increase interchange fees on ATM withdrawals in India, raising costs for transactions beyond the free limit. This change is driven by increased operational costs. The rise aims to ...

RBI introduces new rules to increase the cost of ATM usage. Exceeding the free transaction ... Rs 19 will be deducted for each withdrawal. If you search again after exceeding the free balance ...

ATM withdrawals will become more expensive starting May 1, as the RBI and NPCI approve an increase in interchange fees. This move aims to sustain ATM ...

RBI lifted ceiling on interchange fee on ATM withdrawals through circular issued Friday. Interchange fee is amount one bank pays another to facilitate ATM transactions.

The hike is part of an RBI-approved revision based on a proposal by the National Payments Corporation of India (NPCI). White-label ATM operators had been lobbying for an increase, arguing that the old ...

The Reserve Bank of India (RBI) has updated the fee structure for transactions at ATMs and Cash Recycler Machines, increasing the charges by Rs 2. Effective from May 1, 2025, customers will have a ...

The Reserve Bank on Friday permitted banks to increase charges on ATM cash withdrawals beyond the free monthly usage by Rs 2 to Rs 23 per transaction from May 1.

The RBI in a notification decided to revise these charges in response to requests from white-label ATM operators ... reduced the need for cash withdrawals. Government data shows that digital ...

The Center has disclosed that the State Bank of India (SBI) is experiencing significant earnings from ATM cash withdrawals, while other public sector banks (PSBs) are encountering financial ...

The RBI revised these charges following multiple requests from white-label ATM operators, who claimed that rising maintenance ... impacting customers who frequently withdraw cash, particularly those ...

The RBI decided to revise these charges following requests from white-label ATM operators ... has significantly reduced the need for cash withdrawals. Read Also 9 Million Taxpayers File Updated ...