ATM

RBI is Likely to Change the ATM Cash Withdrawal Rules

The changes were considered due to the recommendations of the Indian Banks Association which was set up in June 2019, it is basically to analyse the entire gamut of ATM transactions & their process. On Thursday RBI released new guidelines for cash withdrawal. It is an increase in the interchange fee per transaction, with no permission limits. According to Central Bank “ The recommendations of the committee were examined and the latest guidelines regarding the processing of ATMs taken.