RBI forms panel to review fee structure for white-label ATMs

RBI has set up a review committee to revise the fee structure for white-label ATMs (WLAs) to propose a fair and sustainable model. The committee, led by Indian Banks' Association CEO Sunil Mehta, will assess current policies, ATM infrastructure, and global best practices, reporting to RBI deputy governor T Rabi Sankar. India's ATM market is forecasted to grow at a 9.2% CAGR from 2024 to 2032, with four authorized non-bank entities currently operating WLAs. The interchange fee remains at ₹17 for financial and ₹6 for non-financial transactions.