RBI final guidelines are based on an approach paper that suggested customers who withdraw money from the AMT of another bank should not be charged more than INR 20 (approximately USD 0.5) per transaction. The paper had forced banks that charged over INR 20 to reduce the fee by 31 March 2008. RBI said the INR 20 fee would be all-inclusive and no other charges could be imposed. Currently, Indian banks charge between zero and INR 57 (approximately USD 1.4) a transaction when customers use the ATM of another bank for cash withdrawals and balance enquiry. Imposed charges depend on the network relationship between banks.
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