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Bankers demand increase in transaction charges for ATMs
Posted on: 09/Nov/2016 2:49:14 PM
The Indian Bank Association, or IBA, has sent proposals for increasing the service charges in the view of overcome maintenance burden on white ATMs. The bankers categorised ATMs into two sorts - Green and White. While Green ATMs are existed at the branch offices, on-site, the white ATMs are located at off-site in cities and rural areas.
The bankers had approached the IBA last month seeking an increase in transaction charges as the maintenance charges towards white ATMs have been increasing year-after-year.
According to a source from the IBA, The maintenance for white ATM in metro cities was increased to about Rs 2.5 lakh per month against Rs 1.5 lakh earlier. Mostly, outsourcing firms are maintaining such ATMs. For increasing surveillance at the ATM centers, all the bankers deputed security guards round the clock in three shifts. Besides this, rent for the ATM room, A/C charges, power bills, cash loading charges have been raised. Although, bankers are charging transaction fee from Debit card users beyond the limited cap, the charges and other service charges are not meeting their expenses and they requested the RBI for approval. The RBI is examine the matter and most probably can give a green signal soon.
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