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What is the interchange fee per transaction for financial transactions that banks can charge w.e.f August 1, 2021?
A)
Rs 15
B)
Rs 17
C)
Rs 20
D)
Rs 25

Correct Answer :   Rs 17


The interchange fee is hiked from the existing INR 20 to INR 21 per transaction. The interchange fee for the ATM transactions for the Banks is increased from INR 15 to INR 17 for each financial transaction and for the non-financial transactions is increased from INR 5 to INR 6, which will be effective August 1, 2021.

Published On : June 14, 2021
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