ATM Transaction Charges

ATM Transaction Charges

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
LOK SABHA

UNSTARRED QUESTION NO: 1677
ANSWERED ON: 27.07.2018

ATM Transaction Charges

1677. SHRI CHANDRAKANT KHAIRE:

Will the Minister of FINANCE be pleased to state:-

(a) whether the Government proposes to increase ATM transaction charges;

(b) If so, the details thereof and the reasons therefor;

(c) the total number of ATM Cards distributed so far by Public Sector Banks across the country; and

(d) the total number of functional ATMs in the country, State/UT-wise?

ANSWER
The Minister of State in the Ministry of Finance(SHRI SHIV PRATAP SHUKLA)

(a) and (b) As per Reserve Bank of India’s (RBI’s) direction on ‘Usage of ATMs – Rationalization of number of free transactions’, dated 14.08.2014, the details of free/charged ATM transactions are as follows:

(i) a minimum of five free ATM transactions at a bank’s own ATM at any location is permitted during a month.

(ii) a minimum of three free transactions at any other bank’s ATMs at six metro location, viz. Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad is permitted during a month.

(iii) a minimum of five free transactions at any other bank’s ATM at non-metro location is permitted during a month.

(iv) Beyond this minimum number of free ATM transactions, banks have their Board approved policy on charges from customers on ATM transactions, subject to a cap on customers’ charges of Rs. 20/- per transaction.

(c) As per the information provided by RBI, the number of outstanding Credit Cards and Debit Cards issued by Public Sector Banks as on 31.5.2018 are 0.83 crore and 72.62 crore respectively.

(d) As informed by the RBI, detail of state/UT-wise deployment of ATMs as on 31.3.2018 is enclosed as per Annexure I.

View the Annexure

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