RBI sets up committee to Review the ATM Interchange Fee Structure

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RBI sets up committee to Review the ATM Interchange Fee Structure

The bank of India has recognised a Committee to look at the complete gamut of ATM charges and costs, as per the Second Bi-Monthly financial Policy, half ‘B’ report for the year 2019-20 free on Gregorian calendar month six, 2019.

The committee can review the prevailing structures and patterns of prices, assess the complete gamut of prices in respect of the ATM scheme. The composition of Committee includes V. G. Kannan (Chief govt, Indian Banks’ Association) because the president and Dilip Asbe (CEO, National Payments Corporation of India), Giri Kumar Nair (Chief top dog, banking company of India), S Sampath Kumar (Group Head, Liability product, HDFC Bank Ltd), K Srinivas (Director, Confederation of ATM Industry), Sanjeev Patel (CEO, Tata Communications Payment) because the members.

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