Updated Jul 26, 2021 | 07:49 IST
Starting August 1, the interchange fee that banks can charge on Automated Teller Machines (ATM) will see an increase of Rs 2 following the Reserve Bank of India (RBI) order ATM cash withdrawal, debit card, credit card charges to change from August 1: Check details 
New Delhi: The Reserve Bank of India (RBI) has recently raised the interchange fee and allowed banks - private and public - to hike charges on withdrawing cash from ATMs as well as charges for debit cards and credit cards.
Starting August 1, the interchange fee that banks can charge on Automated Teller Machines (ATM) will see an increase of Rs 2 following the Reserve Bank of India (RBI) order. In June, the central bank raised the interchange fee from Rs 15 to Rs 17, while for non-financial transactions the fee has been raised from Rs 5 to Rs 6.
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