A reader shares his shocking experience at the ATM.
Here are a few things you should keep in mind when you're using an ATM.
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.
Amidst rising demand from banks that they be allowed to increase user fees and limit free ATMs, RBI Deputy Governor K C Chakrabarty said it is "ridiculous" for a bank to charge its own customers for these services.
At times, banks violate all banking norms, resulting in a customer's accounts wiped clean through illegal ATM withdrawals.
A woman was robbed of her gold jewellery, cellphone and ATM card by an unidentified person after he terrorised.
The insurance brokerage had experience of settling claims in Jammu and Kashmir and Visakhapatnam in Andhra Pradesh during natural catastrophes earlier this year.
Banks with a large network of automated teller machines will now be able to generate additional revenue by advertising financial products offered by other institutions.
Bangalore resident Ramesha SG tells us how he left his card at the ATM and lost Rs 26,000.
The Reserve Bank will consider reducing the number of free ATM withdrawals, as recommended by Indian Banks' Association, in an effort to cut down on cash transactions in the economy.
Shivakumar said, "Mahayuti leaders should visit my state to see how Congress' welfare guarantees are benefiting people."
WLA operators will have an option to provide facilities for Dynamic Currency Conversion for international cards.
Russia's leading computer security labs have warned of a new software virus which infects Automatic Teller Machines (ATM) to steal money from bank accounts of their users.
The Reserve Bank of India (RBI) has suggested that customers of one bank be allowed free use of ATMs of other banks, including for cash withdrawal, from April 1, 2009. The RBI move has made banks with large ATM networks cry foul.
Providing the much-needed relief to the common man, banks have been asked by the regulator not to charge any fee for cash withdrawals using ATM and debit cards issued by other banks from April 1. However, banks can still charge extra for services such as cash withdrawal with the use of credit cards and at ATMs located outside India.
The requirement of one million units would entail a huge market for firms such as HCL Infosystems, Geodesic, VeriFone, Visiontek and others manufacturing micro-ATMs.
In what is the largest ATM outsourcing deal in the country, Axis Bank has entered into an agreement with two third-party service providers to increase its ATM count to more than 9,000 within the next 18 months.
However, the proposed model, the white-label ATM model would allow non-banking companies to set up and run their own ATMs, under a pact with a sponsor bank and a network provider.
The ATMs will open on Friday and at many places they will open on Thursday, he said.
Cyclonic storm Fengal has commenced making landfall close to Puducherry and it may approximately take 4 hours for it to cross the coast completely, an India Meteorological Department (IMD) official said. The process of the cyclone's landfall commenced at about 5.30 pm on November 30. The IMD said the forward sector of spiral bands associated with the cyclone has entered into the land and is likely to move west-southwestwards and cross north Tamil Nadu-Puducherry coasts between Karaikal and Mahabalipuram close to Puducherry as a cyclonic storm with a wind speed of 70-80 kmph gusting to 90 kmph during next 3 to 4 hours.
Currently, the ATM withdrawal limit from savings bank accounts stands at Rs 2,500 a day, but most ATMs are dispensing only Rs 2,000 notes or Rs 100
Readers share their good and bad ATM experiences.
Stating that its ATM operations are making losses, nation's largest bank SBI has said it is all for charging customers for transactions.
At present, there is no cap on free transactions at own-bank ATMs, while customers can use other banks' machines up to five times a month without any extra cost.
Even as State Bank of India, the country's largest lender, has decided to charge its customers for more than five transactions through automated teller machines (ATMs), private sectors banks continue to be on a wait-and-watch mode.
Come to Gujarat's Anand town, the cradle of India's White Revolution. In a first of its kind, the Amul Dairy recently began trials for milk cards on its newly-installed milk vending machine in Anand. Now you can keep one more plastic card in your wallet and buy milk at any ATMs installed by the Amul Dairy.
The bank intends to roll out mobile biometric-access ATMs at Kakinada, Visakhapatnam and Tirupati during this financial year, with plans to launch 20 such ATMs across the country by 2010.
Binil T B, an electrician from Thrissur, left for Russia seven months ago, hoping to secure a better job and higher wages while his wife was expecting their first child.
RBI said its policy focus had been to encourage banks to leverage on this channel.
The vertical will be based out of Bengaluru.
The Hyderabad police has released images of woman who was robbed at an ATM centre in Hyderabad's Yosufguda area.
After private banks - HDFC Bank and Axis bank - decided to charge own customers for more than five transactions at their ATMs, public sector lender Union Bank of India has also joined the bandwagon.
Forget the never-ending forms and the paperwork, be ready to pay your taxes at your nearest ATM
A caretaker-cum-security guard of a State Bank of India ATM centre in Bhayander, a township in Thane district adjacent to Mumbai, on Friday night looted Rs 23 lakh cash after locking up a mechanic in a room.
Hackers broke into two card processing companies, raising the balances and withdrawal limits on accounts that were then exploited in coordinated ATM withdrawals around the world.
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'.
The Reserve Bank of India has said that banks are 'cornering' customer surplus by charging high fees on inter-bank ATM transactions in the name of recovering technology costs.
