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Banks cornering customer’s surplus
Banks cornering customer’s surplus through ATMs New Delhi, 10 Jan (ANI): The Reserve Bank of India on January 10th said that the banks are charging customer’s surplus by charging high fees on inter-bank ATM transactions in the name of recovering technology costs. RBI also said that the analysis of expenses incurred for serving the customer at the counter and ATMs shows that the costs incurred at ATMs are much less. The charges levied on the customers will vary from bank to bank. They will also vary according to the ATM network that is used for the transaction.
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Added: Jan 11, 2008 |
| Category: Business |
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