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B.1.
Operational support for ATM under FITF: RRBs
(i) The scheme covers only operational cost, No capital expenditure is covered.
(ii) The scheme will cover transaction cost/Interchange charges upto Rs.15/-
per KCC transaction arising out of the use of RuPay Kisan Cards on an
ATM other than the parent Banks ATM of the customer including that of the
white label ATMs as and when these ATMs will be deployed in the field.
(iii) Two types of transactions can be performed at ATMs using RuPay Kisan
Card i.e., Financial and Non-Financial transactions. Our interchange fee
support scheme, for ATM usage is applicable to both Financial and Non-
Financial (e.g. Balance enquiry, mini statement etc.) RuPay Kisan card
transactions.
(iv) Upon stabilization of the system, the bank may forward a letter to NABARD
informing about the number of ATM cum debit cards proposed to be issued
to KCC customers.
(v) The reimbursement will be 100%( i. e Rs.15 inclusive of service charges)
for North Eastern Region, Sikkim, Chhattisgarh, J& K, Uttarakhand,
Jharkhand, Himachal Pradesh and Andaman & Nicobar Islands and 80%
of Rs. 15/-(inclusive of service charges) in case of RRBs for the rest of the
country.
B.2.
Operational support for ATM under FITF: Cooperatives
(i) ASP model of CBS: For Banks running its CBS on ASP model (irrespective
of whether or not they have adopted CBS under NABARD model) the ATM
Add- On for CBS will be recurring cost/ fee based on periodicity. The ATM
Add- On fee has been fixed at Rs. 580/- per branch per month for three
years.
(ii) Ownership Model of CBS: If the Bank runs its CBS on ownership model,
ATM add-on will be a onetime cost for banks. An amount of Rs. 20,000/-
(imputed ATM Add-On cost for 3 years) per branch will be reimbursed as
ATM Add-On fee for banks who adopt ownership model.
(iii) Switching Fee- for the Banks which adopt the sponsorship model to join
NFS, involve Switching Fee: This fee is required to be paid to the Switch
provider who owns and maintains the ATM switch. An amount of up to
Rs.3/- per transaction for all transactions will be reimbursed towards
switching fee charge.
(iv) Interchange/Transaction Charges: The scheme will cover transactional cost/
Interchange charges upto Rs.15/- per KCC transaction arising out of the use
of RuPay Kisan Cards on an ATM other than the parent Banks ATM of the
customer including that of the white label ATMs as and when these ATMs
will be deployed in the field.
