{"id":2287,"date":"2019-06-21T08:41:43","date_gmt":"2019-06-21T08:41:43","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=2287"},"modified":"2019-07-07T05:26:08","modified_gmt":"2019-07-07T05:26:08","slug":"rbi-sets-up-6-member-panel-to-examine-the-atm-charges-and-fees","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/rbi-sets-up-6-member-panel-to-examine-the-atm-charges-and-fees\/","title":{"rendered":"RBI sets up 6 member panel to examine the ATM charges and fees"},"content":{"rendered":"\n<p><strong>The Reserve Bank of India (RBI)\u00a0<\/strong>has set up a high-level\u00a0<strong>six-member committee under IBA Chief Executive V G Kannan<\/strong>. The committee will examine ATM charges and fees by banks amid demands for reviewing the levies. There have been persistent demands to change automated teller machines (ATM) charges and fees as its uses are growing significantly.<br><br><strong>Panel Members:<\/strong><br><strong>Head of the Panel:<\/strong>\u00a0IBA Chief Executive V G Kannan<br><strong>The members\u00a0<\/strong>are Dilip Asbe (CEO, NPCI), Giri Kumar Nair (CGM, SBI), S Sampath Kumar (Group Head, Liability Products, HDFC Bank), K Srinivas (Director, Confederation of ATM Industry), Sanjeev Patel (CEO, Tata Communications Payment Solutions).<br><br><strong>Purpose of Panel:<\/strong><br> The panel will review the existing<strong>\u00a0structures and patterns of costs<\/strong>, charges and interchange fees for ATM transactions. The committee is to review the overall patterns of usage of ATMs by cardholders and assess the impact, if any, on charges and interchange fees.<br> Also, the panel will be assessing the entire\u00a0<strong>range of costs in respect of the ATM ecosystem<\/strong>\u00a0and make recommendations on the optimal charge\/interchange fee structure and pattern. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Reserve Bank of India (RBI)\u00a0has set up a high-level\u00a0six-member committee under IBA Chief Executive V G Kannan. The committee will examine ATM charges and fees by banks amid demands for reviewing the levies. There have been persistent demands to change automated teller machines (ATM) charges and fees as its uses are growing significantly. Panel [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":2288,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[45],"tags":[],"class_list":["post-2287","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-articles"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/2287","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=2287"}],"version-history":[{"count":2,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/2287\/revisions"}],"predecessor-version":[{"id":3391,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/2287\/revisions\/3391"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/2288"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=2287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=2287"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=2287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}