RTI Desk - RTI-010
RTI 010 - Clarification on AePS pricing related regulation
|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|
|Notes||RTI, RBI, NPCI, Aadhaar, FinancialInclusion, MDR, PriceRegulation, AePS|