Correct Answer : Option (A) - 5
The Reserve Bank of India (RBI) has recently raised the interchange fee on each transaction at an Automated Teller Machine (ATM). This shall be effective from August 1, 2021.
The RBI has decided to allow increase in interchange fee per transaction from Rs 15 to Rs 17 for financial transactions and from Rs 5 to Rs 6 for non-financial transactions in all centres. Customers are eligible for five free transactions every month from their own bank ATMs.