The demand for a hike in the interchange hides a bigger mess, reports Raghu Mohan
A silent revolution is playing out in the field of banking transactions in India
The RBI-regulated entities have to amend their contracts at the earliest or at the time of renewal, in any case not later than March 31, 2020
This additional factor of authentication will protect State Bank card holders from unauthorized ATM cash withdrawals, it said further
For now, this service is only available to Bank of India customers and at some ATMs
It would not be incorrect to assume that the government had been toying with the idea of demonetisation from as early as February 2016
The Reserve Bank of India's (RBI) data shows that the number of ATMs in 2017-18 was 2,22,066, marginally less than the previous year