Banks can decide the charges for ATM transactions from other’s bank ATM say RBI Deputy Governor Mr. K C Chakrabarty. He says on Thursday that RBI has no objections on such charges as long as there should be reasonable fees.
"If banks charge a reasonable fee on ATM transactions then the RBI will have no objections," Chakrabarty, in charge of banking services at RBI, told reporters on the sidelines of an event here this evening.
However he also said that there is no request received from any banks for revision of such charges.
There is a big issue of safety in ATMs and he insist on 24 hour security at ATM.
Presently a customer can withdraw five times from other bank ATM. However banks need to pay 15 rupees plus taxes on any other bank ATM per transaction including free transactions.
Tags-cash withdrawl from other bank atm,atm cash withdraw charges,other bank atm charges,different bank atm charges
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