About 200,000 ATMs can dispense the new series of Rs 500 notes
Close to 29 per cent of all complaints received from customers is related to ATM, debit card and credit card payments
It is likely he will rope in an international ATM manufacturer as a strategic partner with equity stake.
The family of the 34-year-old techie who allegedly died by suicide in Bengaluru, has demanded justice for him and strict action against his harassers, so that his 'soul can rest in peace'.
With debit cards of 5 banks compromised, time to be very cautious while transacting. If possible, avoid non-bank ATMs.
It is suspected that the electronic device at the ATM counter enabled the fraudsters to collect the secret pin code and card details.
The 35-year-old Gabrial, one among four Romanians accused in the robbery in which a large number of persons lost their money from their accounts, was taken into custody on transit remand from a court in Mumbai.
Here's how Ganesh Pillai got his card back from the ATM machine.
'Oh, this is printed material which is sent to everyone along with the ATM card,' the bank manager told me. 'It won't work because the system has changed.' A Ganesh Nadar encounters the Indian banking system.
Rediff reader Shan Anbu, 42, tells us how his card got stuck in the ATM due to lack of backup power facility.
In a pioneering move, Amul has launched India's first milk ATM.
Laxman Maake, 47, tells us why he is disappointed with the ATM that he often goes to.
Isha was the custodian of the cash at the time it was being placed in the ATM.
The average, fixed cost of setting up an ATM is estimated at Rs 600,000-800,000. There are about 30,000 ATMs in India. The RBI norms will enable small banks to benefit from low-cost, switch-enabled ATM services without opting for expensive bilateral tie-ups.
The RBI also allowed banks to levy ATM charges beyond 5 transactions for the same bank's account holders.
Did the transaction fail? Did you receive your money on time?
So what if your bank has imposed/will impose a transaction fee of Rs 20 for using ATMs after your fifth visit in a month? You can still remain within your free transaction limits and avoid being charged at all. Wondering how it is to be done? Read on.
The chaos and fear created by the deadly protests remained. Gangs of criminals have been looting and robbing homes in the absence of law enforcers over the last two days.
A representative of the Confederation of ATM Industry said ATM players were not consulted about the move and they received the news via media platforms.
Take a break and rest your tired heels in a dysfunctional ATM.
They had also sought to be allowed to charge consumers for use of own-bank ATMs.
India is an under-penetrated ATM market with only 98 ATMs for every 10 lakh of population.
Sources at the bank told Business Standard that talks were on with 2-3 vendors and the final decision is expected in the next 2-3 weeks.
Readers share their bitter-sweet experiences at the ATM.
The new fee structure would come into effect from July 1.
Many sections of the society including small traders, restaurant owners, transporters started feeling the heat as the dependence on cash is very high
We may turn our noses up at those who do it but that doesn't mean we haven't done one (or all) of these things at an ATM.
The central bank said it had issued instructions to banks to ensure that under no circumstances forged banknotes got dispensed through ATMs or across exchange counters.
Even as RBI allowed banks to charge ATM transactions beyond five in metros, the lenders are yet to restrict the number of free withdrawals for their own customers at home ATMs.
Next time you go to a bank ATM, be ready to re-enter your PIN afresh for every transaction you wish to conduct, such as money withdrawal, balance enquiry and checking account details.
Valentin Boanta, sitting in his jail cell, proudly explains the device he has invented could make the world's ATMs impregnable even to tech-savvy criminals.
White labeled ATMs are set up by private non-bank companies that own and operate their own brand of ATMs.
A reader shares his shocking experience at the ATM.
Chennai-based financial services technology company, Polaris Software Lab, has come out with a new technology that would allow insurers to sell their products and collect renewal premium through ATMs. The company is in talks with two insurers for implementing its solution.
If you are have an account with State Bank of India, HDFC Bank or Axis Bank you will have to pay higher charges for using ATM more than five times a month.
Country's largest private sector lender ICICI Bank has announced a hike in its ATM charges for saving account holders from January 1 next year.
Here are a few things you should keep in mind when you're using an ATM.
