TaxTMI 
TaxTMI 
Committee to Review the ATM Interchange Fee Structure
X X X X Extracts X X X X
X X X X Extracts X X X X
....ommittee to Review the ATM Interchange Fee Structure <br>News and Press Release<br>Dated:- 11-6-2019<br><BR>It was announced in the Part 'B' of the Second Bi-Monthly Monetary Policy for the year 2019-20 on June 6, 2019 that the Reserve Bank of India will constitute a Committee to Review the ATM Interchange Fee Structure with a view to give a fillip to the ATM deployment in the unbanked areas. Acc....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ordingly, the Reserve Bank of India has constituted a Committee to examine the entire gamut of ATM charges and fees. The composition of the Committee is as under: 1 Shri V. G. Kannan Chief Executive, Indian Banks' Association Chairperson 2 Shri Dilip Asbe Chief Executive Officer, National Payments Corporation of India Member 3 Shri Giri Kumar Nair Chief General Manager, State Bank of....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... India Member 4 Shri S Sampath Kumar Group Head, Liability Products, HDFC Bank Ltd. Member 5 Shri K Srinivas Director, Confederation of ATM Industry Member 6 Shri Sanjeev Patel Chief Executive Officer, Tata Communications Payment Solutions Ltd. Member The Terms of Reference of the Committee are as under: * To review the existing structures and patterns of costs, charges and inte....
X X X X Extracts X X X X
X X X X Extracts X X X X
....rchange fees for ATM transactions; * To review the overall patterns of usage of ATMs by cardholders and assess the impact, if any, on charges and interchange fees; * To assess the entire gamut of costs in respect of the ATM ecosystem; * To make recommendations on the optimal charge/interchange fee structure and pattern; and * Any other item relevant to the above. The Committee may submit ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....its report within two months from the date of its first meeting. Yogesh Dayal Chief General Manager<BR> News - Press release - PIB....