Why charge customers for using ATM, HC asks RBI

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RBI

The Delhi High Court has issued notice to the Reserve Bank of India (RBI) on a plea against RBI’s decision to impose a limit of five transactions per month from the customers’ own bank ATM and charging Rs 20 per transaction beyond it.

A division bench of Chief Justice G Rohini and Justice PS Teji also issued notice to Indian Banks’ Association and State Bank of India (SBI) along with the RBI.

The court has sought their response by February 18 on the PIL, seeking directions to allow banking customers to make unlimited number of transactions free of charge on own bank ATMs.

RBI  also imposed a limit of three transactions per month from ATMs of other banks in the six metro centres i.e. Mumbai, Bengaluru, New Delhi, Chennai, Kolkata, and Hyderabad.

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