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Banks free to charge reasonable ATM fees

shriram | 3rd January 2014 | Business And Economy
Banks free to charge reasonable ATM fees

    Amid growing clamour from banks to charge customers for transactions at ATMs to make them economically viable, RBI Deputy Governor K C Chakrabarty on Thursday said the regulator will have no objections if the lenders charge "reasonable fee" for such services. Ideally, the issue of charging customers for ATM usage should be left to competitive market forces and banks should be allowed the liberty to decide their own offerings, the commercial banker-turned-central banker said.


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