Mumbai, April 18: Bank customers may be hit as ATM operators have demanded higher 'interchange rates' for ATM transactions to enable them to comply with recent stringent RBI guidelines, an industry body said here on Wednesday.
Presently, all banks charge a fee of Rs 15 for each cash and Rs 5 for all non-cash transactions from each other for use of their ATMs by other banks' customers -- which is recovered from the (user) customers -- beyond the five minimum free transactions.
Now, the Confederation of ATM Industry (CATMi) has demanded that this should go up by at least Rs 3-5 per transaction to enable ATM operators recover their costs which have skyrocketed in recent times.
CATMi Director K. Srinivas said recently the RBI issued guidelines that will result in overall cost hike for the ATM service providers, vide circulars on April 6 and April 12, 2018.
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6 Naxals killed in Jharkhand encounter
Ranchi (PTI): Six Naxals were killed in an encounter with CoBRA commandos of the Central Reserve Police Force (CRPF) and police in Bokaro district of Jharkhand on Monday morning, officials said.
The exchange of fire, which started around 5.30 am in Lugu Hills of the Lalpania area of the district, is still going on, they said.
The troops of 209 Commando Battalion for Resolute Action (CoBRA) conducted the operation in which six Naxals were killed and two INSAS rifles, a self-loading rifle (SLR)and a pistol were seized, the officials said.
No injuries have been reported among the security personnel, they said.
The CoBRA is the special jungle warfare unit of the CRPF.
