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ATM service charges increase, to cost ₹21 per transaction from today

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3 years ago

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ATM service charges increase, to cost ₹21 per transaction from today

Following the order of the Reserve Bank of India (RBI), all banks’ automated teller machines (ATMs) will increase the service fee for each transaction from Saturday, and customers will have to pay 1 rupee in addition to the allowed cash and free cash transactions. Use of cash.

According to the RBI notice on June 10, 2021, from January 1, 2022, banks are allowed to charge 21 rupees instead of 20 rupees. If there are applicable taxes, additional payments should be made.

However, customers are eligible for five free transactions (including financial and non-financial transactions) at their bank ATMs each month.

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They are also eligible for free transactions (including financial and non-financial transactions) from ATMs of other banks, ie. Three deals for metro centers and five deals for non-metro centers.

The last change in the exchange fee structure of ATM transactions was in August 2012, and the most recent revision of the fees payable by customers was in August 2014.

RBI has notified the changes from January 1, 2022, due to the increase in the cost of ATM deployment and the ATM maintenance fees incurred by banks or white-label ATM operators. Ashwani Rana, founder of Bank Voice, said: “The increase in services will charge customers more than the number of transactions allowed by their respective banks for each ATM transaction. This increase is only 1 rupees plus Goods and Services Tax (GST), for customers In terms of maintenance fees paid by the bank, it is very symbolic. Earlier they charged 20 rupees.”

Nipun Jain, CEO of Rupee Pay Fintech, clarified: “Consumers who use our micro ATM and Aadhaar-enabled payment system (AEPS) to withdraw cash will not be affected by the recent RBI guidelines for increasing ATM transaction fees (applicable to customers who use up Monthly free limit).”

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“We believe that this will drive the growing demand for cash withdrawals through AEPS and micro ATMs at our direct business outlets, and help us to achieve in deeper regions and remote areas such as Northeast, Kashmir, Ladakh, and Uttrakhand. Since last year Since we started operations, we have sold more than 100,000 micro ATMs. Our average number of withdrawal tickets climbed from 3500 rupees to 3800 rupees, and the compound annual growth rate of micro ATMs in the past year was 25%,” Jane added.

Complete News Source : Hindustan Times

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2 ‘Kala Jatheri gang members’ killed in encounter with F’bad cops in Fatehabad

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23 hours ago

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December 21, 2024

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2 ‘Kala Jatheri gang members’ killed in encounter with F’bad cops in Fatehabad

According to the police, the encounter took place after at least four suspects tried to help their close aide escape from police custody
The Faridabad police gunned down two members of the Kala Jatheri gang in an encounter near Fatehabad on Friday, officers said. A constable was injured in the gunfight, they added.

According to the police, the encounter took place after at least four suspects tried to help their close aide escape from police custody.

The identity of one of the deceased was not known, while the other was identified as Ravi (single name), who had 28 cases lodged against him in multiple districts.

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Aman Yadav, assistant commissioner of Police (ACP), Faridabad said the incident occurred when the police van stopped near a roadside eatery on the outskirts of Fatehabad while transporting Ravi back to Faridabad jail after a court appearance in an Arms Act case.

“Four armed individuals attacked the police team, firing multiple rounds to facilitate Ravi’s escape. In retaliation, police returned fire, killing Ravi and another suspect on the spot,” Yadav said.

Constable Sarjeet Yadav suffered a gunshot wound to his left forearm. He was rushed to a civic hospital, where his condition is reported to be stable, said police.

Yadav said that Ravi, who had been lodged in Faridabad jail since April 24, 2023, was being transported after attending an appeal hearing at the Fatehabad court. The ambush, allegedly orchestrated by Ravi’s associates, was intended to secure his release from custody. The police’s swift response thwarted the plan.

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Ravi had a long history of violent crimes, including murder, attempted murder, dacoity, robbery, and Arms Act violations. His activities spanned multiple districts, such as Sonipat, Jind, Rohtak, Faridabad, and Delhi. He was a key member of the Kala Jathedi gang, led by the notorious gangster Sandeep alias Kala Jathedi, who is currently in Tihar Jail.

Kala Jathedi himself is implicated in over a dozen cases across Delhi, Haryana, Punjab, Rajasthan, and Uttar Pradesh. In 2020, he famously escaped from Haryana Police custody during a similar ambush orchestrated by his gang.

ACP Yadav confirmed that police teams are actively investigating to identify the remaining attackers involved in the ambush. “We are working to uncover the identities of the other suspects who participated in the operation. Stringent action will be taken against all involved,” Yadav said.

This encounter is part of an ongoing crackdown on organized crime, with authorities aiming to dismantle gangs operating in the region.

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