Hike in ATM charges yet to be decided
By Ankit Sharma
Jan 16, 2014
Print    Email    RSS   

In recent times there has been a lot of discussion regarding the hike in the ATM charges. In order to bring the operations of ATM in practice, the national payment council summoned for a meeting to suggest the measures regarding this.

The chief executive of the NPC reported that the panel of six bank members was called to monitor the overall cost of ATM transactions, and suggest the feasible hike that is required to bring. The panel constituted of members of State Bank of India, ICICI bank, Axis bank, HDFC bank, Bank of Baroda and Punjab National bank.

Currently the bank is charging Rs 15 for the ATM transactions. After the recent attacks in ATMs the banks have complained about in viability of ATM operations. Therefore banks need funds to enhance the security and make the ATM operations safe for the public as early as possible.

(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

CIBIL and its role in credit risk management
Live in Style - Lifestyle credit cards
Must have add-ons for luxury car insurance
Know if you are in CIBIL’s list of...
A chronicle of excesses by loan recovery...

i will like to know if i have any dueson my sbi...
How can I clear my CIBIL PROBLEM?
what is my credit card statement
i forgot my ATM pin number i could i get it again

91st Founders day of the Karnataka Bank Feb 18, 2015
Banks on strike from 25th February Feb 16, 2015
SBT bank postponed the Open House meet Feb 13, 2015
Yes bank planning to line up for credit card portfolio Feb 12, 2015
Pocket banking – new app by ICICI bank Feb 11, 2015
News Archive