........... in a meeting on 26 July of all banks and representatives from the National Payments Corporation of India and the Reserve Bank of India, it was decided to bring down the transaction charges gradually. “For the time being, it has been decided to bring down the rates in phases. First bring it down to Rs15 for withdrawal and Rs. 5 for balance enquiry from 1 August. And then reduce rates gradually in a 5-6 months horizon instead of drastically bringing it down in one shot,”..........
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