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.
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.
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 bank can declare a withdrawal by you as illegal and deny any remedy in case a problem arises.
Bengaluru resident Krishnan H tells us about a State Bank of India ATM counter where most of the machines are dysfunctional.
Take the Rediff Business Quiz and find out how much you know about the world of Automated Teller Machines.
But what do banks gain by opening their apps for all? The answer -- rival bank's customers under their fold.
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.
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
RBI has imposed a withdrawal limit of Rs. 10,000 per transaction at the third-party ATM as well as limited such transactions to 5 per month.
The Budget for 2016-17 has announced a massive rollout of ATMs and micro-ATMs.
A reader shares his unfortunate experience at an ATM.
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.
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.
About 200,000 ATMs can dispense the new series of Rs 500 notes
With debit cards of 5 banks compromised, time to be very cautious while transacting. If possible, avoid non-bank ATMs.
According to officials, a passerby spotted the woman in Sarai Kale Khan area and informed the police around 3.30 am on Friday.
It is suspected that the electronic device at the ATM counter enabled the fraudsters to collect the secret pin code and card details.
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 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.
In a pioneering move, Amul has launched India's first milk ATM.
Rediff reader Shan Anbu, 42, tells us how his card got stuck in the ATM due to lack of backup power facility.
'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.
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.
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.
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.
Did the transaction fail? Did you receive your money on time?
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.
They had also sought to be allowed to charge consumers for use of own-bank ATMs.
