Banks are likely to start
charging customers for transacting more than five times a month at any bank ATM,
including their own bank. Banks have mooted the charge on ATM transactions to
pay for the increased security costs at ATMs, put in place by many State
Governments, following the grievous attack on a woman inside an ATM kiosk in
Bangalore last November. Currently, there is no cap on the number of
transactions that a customer can undertake at his own banks ATM. However, the
number of free transactions at other banks ATMs has been capped at five a month.
Banks may also down the shutters of some ATMs at night, especially at locations
where footfalls are low. Banks have requested the RBI to allow them to increase
the ATM interchange fees (the fees paid by the card-issuing bank to the
acquiring bank) to Rs 18 from Rs 15 a transaction now. Further, they want
to pass on the costs arising from the interchange fee and switching fee to
customers from the sixth transaction onwards.
No comments:
Post a Comment