#CostOfCash #ATMInterchange

Refer 3.4 in this report. If checking is on other ATM, beyond 3 (Metro), 5 (Non Metro) is chargable. If same bank - it must be free. https://www.rbi.org.in/Scripts/PublicationReportDetails.aspx?UrlPage=&ID=1000#3
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RT @VijayGopal_
Dear @RBI @RBIsays @DasShaktikanta could you please confirm if the banks can charge any fee from consumers for checking their account balance on ATM machine? Only checking balan…
https://twitter.com/VijayGopal_/status/1399736041838317574

Intrigued by the #ATMInterchange report and ATM charges? This weekend we will be talking of ATMs and 'cashonomics' - cost of cash from consumer lens in #PaymentDeepDives.

RSVP -
https://hasgeek.com/cashlessconsumer/atm-tech-and-cashonomics/

https://twitter.com/logic/status/1274675448656482304

Is it finally time for a hike in ATM interchange fees? https://www.livemint.com/money/personal-finance/is-it-finally-time-for-a-hike-in-atm-interchange-fees-1561265676047.html

Fortnight into #ATMInterchange committee anonuncement, this was reported by @livemint

#CashlessConsumer #RTI #ATMInterchange report is here after CPIO shared the same after first appeal order.

https://pdfhost.io/v/LKvzuRX.G_CashlessConsumer_ATM_Interchange_Committee_Report.pdf

1. Why did RBI not publish this report 8 months after submission and kept silent ?

Answer in details : #Thread

#CashlessConsumer #RTI #WIN - The appeal has been allowed and CPIO has been asked to share #ATMInterchange report.

The only thing lost is the time taken - 2 months to get them. But we will be persistent and can have small wins. We will share the report when available.

https://www.thehindubusinessline.com/money-and-banking/with-fall-in-transactions-atm-operators-hope-for-rise-in-interchange-fees/article31737234.ece With fall in transactions, ATM operators hope for rise in interchange fees
#ATMInterchange

#CashlessConsumer asked #RBI about #ATMInterchange committee report yet again. The committee held 4 meetings in Oct 2019 and looks like has also submitted its report. The report however is not public / is being denied under #RTI We will file an appeal.