Business correspondents' body demands higher charges for AePS withdrawals

Quick Summary:

Need More Information - write to us at assist@bsmail.

The current price stands at 0.50 per cent of the transaction or Rs 15 (whichever is lower).

Fifteen years after the Aadhaar-enabled Payment System (AePS) was rolled out, the Business Correspondent Federation of India (BCFI) is pitching for increasing the cost of such transactions by 50 basis points.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: BusinessFinance

Markets: India

Topics: ATM charges Aadhaar RBI BCFI ATM Aaadhar-enabled Payment System AePS Ministry of Finance Banks NPCI Reserve Bank of India UPI Business correspondents Kirana store White label ATM

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-29 @ 17:36:17 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 104 words

Reading Time: 1 minutes read

Sentences: 5 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23944188

View Article Analysis

About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 294 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

Publisher Details

Frequently Asked Questions