RBI increases ATM interchange fee from Rs. 15 to Rs. 17 for financial transactions

The Reserve Bank of India has decided to increase the interchange fees per transaction through automated teller machines (ATMs) from the existing Rs.15 to Rs. 17 for financial transactions. For non-financial transactions, the fee has been increased from five rupees to six rupees. In addition, the increased fees will be applicable from August 1, 2021.The Reserve Bank of India has decided to increase the interchange fees per transaction through automated teller machines (ATMs) from the existing Rs.15 to Rs. 17 for financial transactions. For non-financial transactions, the fee has been increased from five rupees to six rupees. In addition, the increased fees will be applicable from August 1, 2021.taxmann.com Latest Statutory HappeningsRead More

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