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ATMs won’t shut down, but fee may increase

When RBI directed ATMs across India to follow specific security protocols it straightway looked quite an expensive option for many banks. It led to debates as there was confusion all around on who would be bearing the huge cost. Is it the ATM firms or the banks? Now, according to many experts if the rates are entirely passed on to us, the consumers, there’s every possibility of a 10-15% hike in ATM transaction fee.