'Institutionalised extraction': MK Stalin on hike in ATM cash withdrawal charges
Sunday, 30 March 2025 () Tamil Nadu Chief Minister MK Stalin criticizes RBI's decision to allow banks to increase ATM withdrawal charges beyond the free monthly limits, calling it 'institutionalised extraction' affecting financial inclusion. He claims the move will burden the poor, particularly MGNREGA beneficiaries, undermining their access to banking services and essential government schemes.
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The fee hike is part of a price revision authorised by the RBI after a recommendation from the National Payments Corporation of India (NPCI). The RBI had.. DNA
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Sunday, 30 March 2025 ()
