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Reserve Bank of India says inter-bank ATM usage should be free
February 18, 2008
Rediff India Abroad:The Reserve Bank of India has issued a ruling that Indian banks cannot charge fees for non-customers who use their ATMs. The ruling, which goes into effect April 1, 2009, rejects banks' pleas to cap the number of free cash withdrawals every month by saying that such a cap is not desirable, nor practical.
Regulation / LegislationMiddle East & AfricaTransaction ProcessingTrends / StatisticsDebit / CreditNorth AmericaBank / Credit Union
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