Current Affairs - Banking - Discussion

Starting May 1, 2025, cash withdrawals from ATMs in India will become costlier as the Reserve Bank of India (RBI) has approved an increase in interchange fees. This fee applies when customers use an ATM from a different bank, and the additional cost will be passed on to them, especially when they exceed the free transaction limit. This decision is in response to rising operational costs faced by white-label ATM operators and is expected to impact customers, particularly those from smaller banks.