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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Davangere: Two policemen injured in stone pelting during Ganesha procession
Davangere: Reports state that two groups engaged in stone pelting at each other during Ganesha idol immersion ceremony in Davangere on Thursday. Two police personnel were injured in the incident.
Few days ago, two groups of youth engaged in verbal altercation regarding raising of a flag for Eid Milad celebration. On account of the clashes, police had heightened security for the Ganesha procession. Despite the additional security, stones were pelted at the procession, sources stated. Inspector Gururaj and constable Raghavendra were injured in the incident. The procession continued after the police brought the situation to control. However, the stone pelting resumed once again as the procession surged forwards.
Security has been tightened up in the area and all shops have been closed down by the police. The two police personnel, who were injured in the stone pelting, are undergoing treatment at a hospital.
