"ATMs are already part of the NFS and now there is a proposal from National Payments Corporation (NPCI) to link all cash depositing machines to the NFS. This will allow any other
bank customers to put in money from any machine," RBI Deputy Governor H R Khan told reporters.

Khan, who inaugurated Dena Bank's self-service e-Smart facility here, also said that the idea is to encourage alternate banking channels for day-to-day transactions.

When asked about the ATM interchange fee about which bankers have an issue, he said it is being discussed at the banks' level and the RBI has allowed them to take a decision on it.

"But one thing you must remember that any technology or initiative has to be profitable, particularly in the initial phase. If you are not able to recover the cost then they will not have incentive to expand all these alternate channels. So, you have to strike a balance between profit and convenience," Khan added.

He further said that RBI has also increased its focus on cyber security in the wake of increasing instances of phishing.

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