RBI Forms Committee to Review White-Label ATM Fee Structure.

Banking & Finance

The Reserve Bank of India (RBI) has established a committee to review the fee structure for white-label ATMs. This committee will assess the current fee framework and propose necessary changes to ensure a fair and transparent system. White-label ATMs, operated by non-bank entities, provide banking services such as cash withdrawals and balance inquiries. The review aims to address concerns related to fee variations and service standards, ensuring that the fee structure remains equitable for both consumers and operators while promoting broader access to ATM services.


      The committee will evaluate existing ATM fees to ensure fairness and transparency in white-label ATM operations.

      The review seeks to address discrepancies in fees and enhance service quality for consumers and ATM operators.

     

 

     


About RBI,

CEO : Shaktikanta Das
Headquarter : Mumbai
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