'If inner line permit was in place in Meghalaya, the details of the three people who allegedly murdered Raja would have been on record.'
In 2023-2024, 95 scheduled commercial banks received over 10 million complaints from their customers. The process of KYC at many banks has become 'HYC' -- harass your customer, points out Tamal Bandyopadhyay.
Using credit or debit cards abroad can prove costly.
SBI to introduce OTP-based ATM transactions and the new feature will not require any major change in the present process to withdraw cash.
Sanjiv Kulkarni's invention blends tradition with technology.
The number of cyber crimes in India could touch 3,00,000 in 2015
The victim was identified as Sanjay Sharma, a resident of the Achan area in the south Kashmir district, they said, adding that the incident took place at around 11 am.
179 million debit cards were issued during December 2016 to June 2018. A mere 2,000 ATMs were opened in the same period.
A reader shares a bad experience he had at an ATM. You can share yours too!
The Central Bureau of Investigation (CBI) conducted searches at seven locations across India in connection with a Rs 350 crore crypto ponzi scam. The accused, operating seven modules in different cities, allegedly lured investors with promises of high returns on cryptocurrency investments. The CBI seized digital virtual assets totaling USD 38,414 in cryptocurrency wallets, cash amounting to Rs 34.2 lakh, and digital evidence, including mobile phones, laptops, tablets, hard disks, and memory cards. The agency registered the case under the Indian Penal Code and the Information Technology Act.
The new requirements include a shift to cassette swap system, mandate armed guards while transferring money as well as a host of other measures that would require huge investments.
Indian origin Hindus living in Europe and US are mulling opening overseas chapters of Prayagraj-based 'Ram Naam Bank' in their countries. On the occasion of Ram Navami on Sunday, the idea of opening a Ram Naam Bank was discussed among the devotees in Sweden.
More people are now comfortable using their debit cards.
In the first phase, ATMs would be installed in popular trains and later on depending upon the success of the facility it would be extended to other trains. Beside ATMs in trains and platforms, railways are planning to install about 6,000 automatic ticket vending machines across the country, beginning with Mumbai and Bangalore.
It's always been a struggle for economists and statisticians to forecast India's gross domestic product (GDP) correctly, and say where the economy is headed before the official numbers come out. If estimating the GDP is tough, forecasting it in real time is complicated. It involves looking at tens of indicators, such as industrial production, electricity consumption and exports, to arrive at a number.
Harried Yes Bank depositors rushed to ATMs to withdraw cash but faced multitude of problems including closed down machines and long queues, after the RBI placed the bank under a moratorium, capping maximum withdrawals at Rs 50,000 per account for a month. Aggravating the problems of depositors were difficulties accessing the internet banking channel, which ensured that they can't transfer the funds online as well.
The facility has been branded 'Indicash'. Last month, TCPS secured a licence from the Reserve Bank of India to launch white-label ATM operations, under the central bank's scheme 'B'.
'The absence of cyber security framework for ATMs is like a dream come true for hackers.'
About 70 per cent of ATMs in India are running on outdated operating systems, which makes it easier for fraudsters to crack them
A water quality survey held around Nanded village, the epicentre of Guillain-Barre Syndrome (GBS) in Pune city, has found there was lack of chlorine in the drinking water supplied to households of 26 patients of this nerve disorder, officials said.
Around 2,500 engineers and 45,000 cash management employees step up efforts to complete the target of recalibrating 12,500 ATMs every day.
Kamal Sajwan from New Delhi tells us how an debited amount from his account got credited back.
Mumbai resident Sumesh Pillai tells us how he panicked when the ATM didn't dispense cash and what happened later.
The cash crunch following demonetisation and transaction fees that do not cover costs are among the reasons why the sector is struggling.
Akhil Goel tells us how he lost a huge sum of money without even initiating any withdrawal transaction.
With about 2,000 qualified engineers to service ATMs across the country, it is an uphill task to modify 220,000 machines.
Prayagraj is transforming into a massive temporary city to host the Maha Kumbh, the world's largest religious gathering, expected to draw over 40 crore pilgrims. The preparations include extensive infrastructure development, including 160,000 tents, 150,000 toilets, and a 1,250-km pipeline network. The event, starting on January 13, will culminate on February 26, bringing together millions of devotees for the holy dip at the confluence of the Ganga, Yamuna, and Saraswati rivers.
Bankers and executives involved in ATM operations said challenges abounded in this segment.
Annoyed people in queues in front of ATMs and banks said chasing their own money has now become a new way of life
The number of cyberfraud cases has skyrocketed from 2,677 in 1999-2000 to 29,082 in FY24 -- more than a 10-fold increase. The RBI pegs digital payment frauds at Rs 1,457 crore in FY24, up more than five times in a year. It's not just the number of frauds. What's alarming is the growing sophistication of the fraudsters, exposing the vulnerabilities within the financial system, observes Tamal Bandyopadhyay.
The bank can declare a withdrawal by you as illegal and deny any remedy in case a problem arises.
According to officials, a passerby spotted the woman in Sarai Kale Khan area and informed the police around 3.30 am on Friday.
Bengaluru resident Krishnan H tells us about a State Bank of India ATM counter where most of the machines are dysfunctional.
But what do banks gain by opening their apps for all? The answer -- rival bank's customers under their fold.
Take the Rediff Business Quiz and find out how much you know about the world of Automated Teller Machines.
ATM deployment is set to gain scale with the Anil Ambani group's Reliance Capital and a few technology firms joining hands with partner banks to launch co-branded (known as partial white-label) ATMs.
For withdrawals through cheque, the weekly cap has been hiked to Rs 24,000 from Rs 20,000
The Budget for 2016-17 has announced a massive rollout of ATMs and micro-ATMs.
A reader shares his unfortunate experience at an ATM.
