NFS (national financial switch) which manages more than 50,000ATMs and handles more than 2.5 million transactions per day has decided to bring down the per transaction fee to 80 paise.
This amount was initially suggested at 100paise but most participating banks had protested indicating that it was way too high. Even now the transaction fee is much higher than other networks and it would put a strain on the CASA books of most banks.

Vijaya Bank, was founded on 23rd October 1931 by late Shri A.B.Shetty and other enterprising farmers in Mangalore, Karnataka. The objective of the founders was essentially to promote banking habit, thrift and enterpreneurship among the farming community of Dakshina Kannada district in Karnataka State. The bank became a scheduled bank in 1958.