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

    • Plastic in Karnataka Idlis

      Once again food safety in India is a joke FSSAI is clueless and so Are so many state food depts The Karnataka Food Safety Department discovered that 52 hotels across the state were ...

      By Ashima Gupta
      /
    • Income tax notice to expect

      If attached is the extent they are going, everyone needs to look at their inflow as well as outflow according to their lifestyle. Please go through attached. Want income tax department ...

      By Ruchika L Maheshwari
      /
    • Aadhar updation still in nineties mode

      You need to stand in queue for few hours in morning for tokens (only 20 per day) and then wait for your turn like 1980s Government of India should launch online tokens, increase the dail...

      By Ruchika L Maheshwari
      /
    • Selenium in wheat and people turn bald

      Over 300 individuals in Buldhana, Maharashtra, experienced sudden and severe hair loss, traced to wheat supplied through India’s Public Distribution System. Investigations by Padma awardee Dr...

      By Seema Shah
      /
    • Mahakumbh Loot by various agencies

      Today the Dainik Bhaskar paper has carried the LocalCircles survey as main headline of the paper on how people going to Mahakumbh have been subjected to overcharging by all agencies.

      By Seema Shrivastava
      /
    • Toll and Tax loot of India

      200 km toll charges Rs 500 Assuming Car mileage of 15 KM per liter Diesel, Cost of fuel for 200 km is Rs 1300/- Toll Charges Rs 500 Cost of travel Increased by 38...

      By Amit Mishra
      /
    • Society is a multiple reflection of media

      Many inappropriate things are shown in media like use of abusive language, violence, smoking, drinking, details of how several crimes are committed. Media personnel give the argument they show what...

      By Chander Jain
      /
    • Regulation of video OTT platforms must says SC

      I am pleased to share with all that yesterday supreme court reprimanded the Govt and told them to regulate obscene content. Youtube was specifically mentioned.

      By Vinita Agrawal
      /
    • Stampede on New Delhi station

      LocalCircles CEO has rightly put out on social media that despite people listing out concerns of safety, the Ministry has failed to act.

      By Garima Sharma
      /
    • Edible Oil prices

      A weaker rupee is pinching consumers, with cooking oil prices increasing 5% in past fortnight. With 60% imports, the rupee's depreciation coupled with an increase in cooking oil prices at their ori...

      By Garima Sharma
      /
    • Rules for podcast and audio video platforms

      India has taken bad taste, provocative content to the next level with these stupid comedy shows full of crude humour. It doesn’t go with the heritage and culture of this country. I...

      By Ajay Dutta
      /
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.)