RTI Desk - RTI-010

Field	Value
RTI ID	RBIND/R/2018/55230
Date of Filing	24/10/2018
PIO	Reserve Bank of India
Subject	Clarification on AePS pricing related regulation
Query	1. Please clarify whether AePS transactions using MicroATM come under definition of ATM transactions for which circular free transactions per month is declared through circular RBI/2014-¹⁵⁄₂₆₀ - DPSS.CO.PD.No.⁶⁵⁹⁄₀₂.10.002/2014-2015. If not, please clarify why Micro ATM services for cash in / cash out gets treated differently as both enable access to cash. 2. Please provide a copy of all circulars, minutes of meetings, file notings available with RBI regarding interchange pricing regulation for Aadhaar enabled Payment System.
Response	1. The circular RBI/2014-¹⁵⁄₂₆₀ - DPSS.CO.PD.No.⁶⁵⁹⁄₀₂.10.002/2014-2015 dated October 10, 2014 deals with ATM transactions only. Further, attention is drawn to RBI Master Circular (on Customer Service in Banks) RBI 2014-¹⁵⁄₇₂ DBOD No. Leg.BC.21 / 09.07.006 / 2014-15 dated July 01, 2014 wherein certain restrictions were put on the number of withdrawals permitted in small/no. frills/basic savings bank deposit accounts, including ATM withdrawals, during a month. The Master circular is on the RBI Website 2. RBI does not have information sought for.
Date of Response	22/11/2018
Twitter	Tweet
Notes	RTI, RBI, NPCI, Aadhaar, FinancialInclusion, MDR, PriceRegulation, AePS

RTI 010 - Clarification on AePS pricing related regulation