.............Nation Payment Council of India’s spokesperson, Managing Director and CEO, AP Hota, refused to comment to Firstbiz about the banks proposal to RBI. The truth is, it’s all about interchange money and cost of keeping ATMs operational. As per RBI report, banks with larger ATM network treat interchange fee as an
important stream of revenue since many customers of banks which fewer
ATMs land up using their's. Industry sources say that it’s the PSU banks who want to decrease the
interchange money presently levied, while private sector banks want it
to be raised. This is primarily because private banks have more ATMs and
have public banks' customers using their machines................
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