Free non-home bank ATM transactions may be cut to two

.....Banks in association with National Payments Corporation of India has sent a proposal to banking regulator to reduce the number of free transaction at non-home branch automated teller machines. Currently, consumers are allowed five free transactions at a non-home bank branch ATM. Banks have also requested the interchange fee--the amount that one bank charges the other bank if a consumer uses the ATM of its non-home bank-- to be revised. Currently, ..........

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