Bankers demand to increase in transaction ATM charges

Bankers demand to increase in transaction ATM charges

Indian Bank Association or IBA has sent out proposals for increasing up the service charges in view to overcome maintenance burden on white ATMs. Bankers categorized ATMs into two sorts-Green and White. As Green ATMs are existed at branch offices, on-site, white ATMs are located in cities and rural areas.  

Bankers had approached for IBA last month seeking to be an increase in transaction charges as maintenance charges towards white ATMs which have been increasing year after year.

As per the source from IBA, the maintenance for white ATM in metro cities were increased about Rs 2.5 lakh per month against Rs 1.5 lakh earlier. For increasing surveillance at ATM centers for all bankers deputed security guards round the clock in three shifts. This rent for ATM room, AC charges, power bills, cash loading charges are been raised up. Bankers are charging transaction fee from Debit card users beyond the limited cap, charges and other service charges are not meeting up their expenses and request the RBI for approval. RBI to examine the matter can give green signal soon.