How banks are fleecing customers | Thomas Franco Interview

The Reserve Bank of India (RBI) has issued new guidelines on ATM operations across the country, covering aspects like security measures, transaction limits, and applicable fees. These norms determine the number of free transactions a customer can make at their own bank’s ATMs and those of other banks. Beyond these limits, customers are charged a transaction fee. The RBI also regulates ATM maintenance, cash loading, and security protocols. Thomas Franco, former General Secretary of the All India Bank Officers Confederation (AIBOC), explains how these RBI guidelines impact the common man. He also raises concerns over how banks are increasingly turning into fund providers for corporates while neglecting the needs of the middle class. In this interview with The News Minute’s Senior News Editor Shabbir Ahmed, Franco stresses the importance of banks playing an active role in building the inclusive development of the country. Hashtag: #Atmcharges #atmrules #newatmrules #modi #bjp #punjab #cash #upi #upitransacrions #upirules #newupirules #RBIGuidelines #RBINewRules #NewRBIGuidelines #RBIGuidelinesInATM #RBI #ATM #ATMFreeWithdrawal #ATMLimit #RBIGuidelines #ReserveBankNews #ReserveBankofIndia #ATMNewRule #ATMNewRules2025 #ATMTaxRulesInIndia #RBILatestAnnouncement #NewBankingRulesIndia2025 #RBIATMGuidelines #BankingRulesUpdate #SBI #Indian Bank #HDFC #AxisBank #ModiGovernance #Modi #UnionGovernment #CentralGovernment #TheNewsMinute #ShabbirAhmed #ShabbirAhmedJournalist #EnglishNews #EnglishNewsLive-------------------------------------------------------------------------------------------------------------------------- Welcome to The News Minute, your go-to source for impactful stories from Andhra Pradesh, Karnataka, Kerala, Tamil Nadu, and Telangana. Our videos dive deep into Politics, Society, Education, Health, Law, Policy, Entertainment, Pop Culture, and Lifestyle, bringing you in-depth coverage of the issues that matter most in south India. From immersive storytelling and exclusive interviews to sharp analysis and documentaries, our reporters—deeply rooted in the region—bring you unparalleled access to local stories and insights. Look south, think TNM. Subscribe to The News Minute: https://www.thenewsminute.com/subscription?utm_source=sm&utm_medium=yt&utm_campaign=link Support TNM studio fund: https://pages.razorpay.com/tnm-studio Follow and engage with us on social media: Whatsapp: https://whatsapp.com/channel/0029VaAPDLKCxoB4y7QzMZ20 Twitter: https://x.com/thenewsminute Instagram: https://www.instagram.com/thenewsminute/?hl=en Facebook: https://www.facebook.com/TheNewsMinute/