ATM operators seek higher fees on withdrawals

The contention of these operators is that the RBI’s increased compliance standards on security and maintenance have increased the cost of running the teller machines without a corresponding increase in the revenues these companies make through fees accrued. The current interchange fee is Rs 15 per transaction with a cap of 5 free transactions per customer.

from Banking/Finance-Industry-Economic Times https://ift.tt/2OSHtpO