Index Executive summary Topic 1. Background 2. Past exercise 3. Present exercise 4. Data sources 5. Countries selected for benchmarking 6. Rating 7. Highlights and way forward 8. Benchmarking exercise summary Appendix: Glossary Annex: Benchmarking assessment A. Regulation 1. Laws in place and scope of regulation 2. Regulation of costs of payment systems B. Cash 3. Currency in Circulation (CIC) per capita 4. CIC as pe

Table of Contents Letter of Transmittal Preface 1. Executive Summary 2. Status of ATMs deployed in India 3. ATM Usage charges and Interchange 4. Recent Regulatory Guidelines 5 Presentations made to the Committee: 6 Opportunity for efficiency in ATM operations 7 Conclusion & Recommendations Appendix 1 - Composition and Terms of Reference of the committee Appendix 2 - Details of Committee meetings held Appendix 3 - Cost estimates of operating

1. Background 1.1 The digital revolution is taking the world by storm and no other area has witnessed such metamorphosis as payment and settlement systems, resulting in a myriad of digital options for the common man. Consumers now have a range of options to choose from when selecting a payment method to complete a transaction. They make this selection based on the value they attribute to a payment method in a certain situation as each payment mode has its own use and

INDEX Executive Summary Topic 1. Background 2. Present Exercise 3. Data Sources 4. Selecting the countries to benchmark against 5. Rating 6. Highlights 7. Learning Points 8. Benchmarking Summary Appendix: Glossary Annex: Benchmarking Assessment (A) Regulation (B) Cash (C) Payment Systems Transactions (D) Cheques (E) Debit and Credit Cards (F) Cash vs Debit and Credit Cards (G) Cash and Automated Teller Machines (ATMs) (H) Domest