A reader shares his unfortunate experience at an ATM.
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
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.
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.
In a pioneering move, Amul has launched India's first milk 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.
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.
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 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?
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.
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.
Take a break and rest your tired heels in a dysfunctional ATM.
India is an under-penetrated ATM market with only 98 ATMs for every 10 lakh of population.
The new fee structure would come into effect from July 1.
According to officials, a passerby spotted the woman in Sarai Kale Khan area and informed the police around 3.30 am on Friday.
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.
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.
Readers share their bitter-sweet experiences at the 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.
Many sections of the society including small traders, restaurant owners, transporters started feeling the heat as the dependence on cash is very high
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.
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.
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.
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.
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.
White labeled ATMs are set up by private non-bank companies that own and operate their own brand of ATMs.
