Rationalising ATM Charges: Inputs Sought

As many of you may have read by now that RBI has accepted the long pending LocalCircles ask and mandated zero charges on RTGS and NEFT. RBI is also considering our past submission on ATM usage charges and credit/debit card transaction charges.

We would like to seek your inputs on what is your experience with ATM usage charges and how should they ideally work.

We will then compile and share the same with RBI. It is critical that for Digital Payments to become the norm and for people to reduce reliance on cash, all such bottlenecks are eliminated.

We look forward to your inputs! more  

ATM_Charge_2019___20190607110312___.jpg
View all 182 comments Below 182 comments
Since annual charge is levied for ATM, there should be no further charges for the usage of debit cards (ATM card) more  
Support the demand as very genuine and RBI should accept it. In the presenc eof annual charge, there should be no other charge in the name of facility. The service provider is under obligation to provide it in order to make the system work. more  
HDFC charges a fee even for the first non-HDFC ATM transaction. Essentially, we are paying to withdraw our money. Since they are collecting an annual fee for the card, they should not charge for any ATM transactions. more  
please give the permission for season ticket holders journey for reserved compartment of Trivandrum mail from Tripunithura to Kottayam. John Zachariah On Fri, 7 Jun 2019, 12:29 pm LocalCircles Manager, < support@localcirclesmail.com> wrote: > more  
All short distance Trains shall have 2 Tier Sitting with 30% Reserved Compartments to accommodate demand more  
In my opinion there should not be any charges for ATM transaction, as part of banking activities is getting reduced. However, the charges (if any) should be nominal, as a good number transaction and bank if getting good amount as charges. more  
I do not know whether it is relevant here. On 6th June, when I paid fee online through credit card for renewal of my passport extension, for 1500, I was asked to pay 1526. 54 paise. I do not understand the need for this extra fee? Can somebody explain please? more  
Post a Comment

Related Posts

    • ICICI mobile app is compromising data

      Several users have reported being able to view other customers' ICICI Bank credit cards on their iMobile app. Since the full card number, expiry date, and CVV are visible on iMobile, and one can ma...

      By Sudesh Rai
      /
    • Is there an issue with many banks

      The RBI has directed Kotak Mahindra Bank to cease and desist, with immediate effect, from (i) onboarding of new customers through its online and mobile banking channels and (ii) issuing fresh credi...

      By Vijaya Nair
      /
    • Know the common scams prevalent in India

      Please read and share the post link with all your WhatsApp groups friends. Especially senior citizens and teenagers 1) Urgency for Medical or Police Cases Parents receive a ca...

      By Nikita Mehra
      /
    • Unsafe foods in India

      Last week it was reported in media that nestle has been adding sugar in baby formulae which likely led to many of these babies liking sugar and needing sugar as the grew into toddlers and then even...

      By Radhika Maheshwari
      /
    • India’s debt is somewhat worrying

      Due to India's increasing debt, you will pay higher taxes. Our debt:- 2014: 54 lakh crore 2023: 205 lakh crore People are doing politics around this data. But, he...

      By Ajay Dutta
      /
    • HRA cheating is common and tax man will come for you

      Are you paying rent in cash? My friend Rajiv did the same last financial year. (And was shocked) He paid Rs.20,000 as rent every month. Half in cash, half via online transfer....

      By Satvik Singh
      /
    • Excellent work LC

      Your efforts LC Manager on creating awareness about instant loan extortion and malpractices is working RBI finally says all personal loans will, from Oct 2024, need to carry a Key Financ...

      By Shailesh Deshmukh
      /
    • VIP culture locations

      VIP culture is still a major issue in india. The latest move of no free pass for VIPs at tolls is a good move and instead they claim reimbursement makes sense. But what is being done abo...

      By Shikha Chhabra
      /
    • Airline Baggage theft damage and delay

      A month or two back the Hindu newspaper had reported the LocalCircles survey on plight of travellers with airline baggage handling. On google of baggage survey LocalCircles I found the circle repor...

      By Reeta Kumar
      /
    • Our efforts on ultra processed foods yielding results

      Commerce ministry of India has issues advisory to all e-commerce websites to remove all drinks/beverages, including bournvita, from the category of health drinks on their platforms. Attached. ...

      By Sudesh Rai
      /
    • Health Insurance Rule Changes

      Health insurance premiums have been rising as established by LocalCircles survey itself.

      By Sudesh Rai
      /
Share
Enter your email and mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

All My Circles
Invite to
(Maximum 500 email ids allowed.)