MANU/RMIC/0081/2021

Ministry : Reserve Bank of India

Department/Board : Department of Payment and Settlement Systems

Circular No. : DPSS.CO.OD.No.S-182/06.07.011/2021-2022
                   RBI/2021-2022/52

Date : 10.06.2021

Notification/ Circulars Referred : Circular DPSS.CO.PD.No.316/02.10.002/2014-2015 dated August 14, 2014 MANU/RMIC/0147/2014 Circular DPSS.CO.PD.No.316/02.10.002/2014-2015 dated August 14, 2014 MANU/RMIC/0147/2014

Citing Reference:
Circular DPSS.CO.PD.No.316/02.10.002/2014-2015 dated August 14, 2014 MANU/RMIC/0147/2014  Referred

The Chairman and Managing Director / Chief Executive Officer
All Scheduled Commercial Banks including RRBs /
Urban Co-operative Banks / State Co-operative Banks /
District Central Co-operative Banks / Authorised ATM Network Operators /
Card Payment Network Operators / White Label ATM Operators

Madam / Dear Sir,

Usage of automated teller machines / cash recycler machines - Review of interchange Fee and customer charges

The Reserve Bank of India had constituted a Committee in June 2019 under the Chairmanship of the Chief Executive, Indian Banks' Association to review the entire gamut of Automated Teller Machine (ATM) charges and fees with particular focus on interchange structure for ATM transactions.

2. The recommendations of the Committee have been comprehensively examined. It is also observed that the last change in interchange fee structure for ATM transactions was in August 2012, while the charges payable by customers were last revised in August 2014. A substantial time has thus elapsed since these fees were last changed. Accordingly, given the increasing cost of ATM deployment and expenses towards ATM maint........