PAYMENT AND SETTLEMENT SYSTEMS

Payment and settlement systems play an important role in improving overall economic efficiency. They consist of all the diverse arrangements that we use to systematically transfer money-currency, paper instruments such as cheques, and various electronic channels.

Press Release

(85 kb)

Date : Nov 14, 2016

Usage of ATMs – Waiver of customer charges

The Reserve Bank of India has today decided that banks shall waive levy of ATM charges for all transactions (inclusive of both financial and non-financial transactions) by savings bank customers done at their own banks’ ATMs as well as at other banks’ ATMs, irrespective of the number of transactions during the month.

The above waiver of charges on ATM usage will be effective from November 10, 2016 till December 30, 2016, subject to review.

Alpana Killawala
Principal Adviser

Press Release: 2016-2017/1199

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