In a move that might potentially add some more burden on the common man, the automated teller machine (ATM) operators, especially those of the private banks, are demanding a raise in inter-bank charges for ATM transactions, citing demonetisation, an increased cost of operating the channel, and fewer withdrawals.
The representation is being led by the National Payments Corp of India (NPCI) after meetings were conducted separately for private and public sector lenders.
The representation is being led by the National Payments Corp of India (NPCI) after meetings were conducted separately for private and public sector lenders.
The inter-bank fee is charged by one bank from another for use of its ATMs by the customers of the other. Any raise in this leads to