Business And Markets

CBI Rethinking Bank Charges  

CBI Rethinking Bank Charges  
CBI Rethinking Bank Charges  

The Central Bank of Iran says it will revise banking fees starting from the beginning of the calendar year in March. 
Mehran Mahramian, the CBI's deputy for innovative technologies, in a talk with the Electronic Banking website, said the regulator is in the process of reviewing its policies and "The next step will be revising bank service fees."  He did not elaborate. 
Last year, the CBI instructed banks to charge higher fees for banking operations in rial and electronic banking services.  
Based on CBI rules, transfers through ATMs and mobile applications cost 6,000 rials for transactions up to 10 million rials. Customers are charged an extra 2,400 rials for transferring every 10 million rials over and above the initial 10 million rials. ATM services are the most popular in Iran.  


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