For extending banking facilities to the large section of hitherto uncovered population, PSBs and Regional Rural Banks (RRBs) have decided to increase the number of ATMs with emphasis on rural and semi-urban areas.
The Government, with the objective of providing cost and time efficient mode of banking, has been taking a number of initiatives to promote electronic payment system, which inter-alia include getting interchange charges on ATM transaction reduced, advising Public Sector Banks (PSBs) to make National Electronic Fund Transfer (NEFT) transactions upto Rs.1 lakh free of charge, issuing debit cards to all customers, etc.
