In a big relief to people and small businesses, the Reserve Bank of India on Monday announced lifting of restrictions on daily withdrawal of money from ATMs and from current accounts but the weekly limit of Rs 24,000 on savings bank accounts will continue.
'As citizens of this country, we often expect sweeping changes here, but find the smallest of abdications that we may ourselves be called upon to make far too inconveniencing.' 'Think about it deeply -- about the move and the reactions it has gathered -- and we will actually learn a lot about ourselves,' says Sreehari Nair.
After setting up the first railway call centre in Bangalore to improve railway-passengers interface, the South Western Railways is planning to introduce other customer-friendly services like providing tickets through ATMs.
Yes Bank and Ola launched a mobile ATM service where customers of any bank can withdraw up to Rs 2,000 per card from PoS terminals
Rediff.com's A Ganesh Nadar takes a tour of banks in a Chennai suburb and finds that nothing has changed in one month since demonetisation.
Using ATMs to withdraw money or for other purposes like balance enquiry beyond five times in a month will attract a levy of Rs 20 per transaction from November 1.
A man who had gone to withdraw money at an ATM in Sangam Vihar in New Delhi allegedly ended up getting four notes of Rs 2,000 with "Children Bank Of India" written on them, police said on Wednesday.
73-year-old dies in Mumbai, 75-year-old in Kerala.
Global technology company NCR Corporation on Tuesday unveiled its next-generation multi-function automatic teller machine (ATM) which would help financial institutions reduce their operating costs.
The number of free transactions in a month at non-home ATMs is kept at three.
Very often we all have used Automated Teller Machines (ATMs) to withdraw money. But only a few of us think about the repercussions of an attack on a national centralised server which manages the transactions across ATMs.
The woman bank official, who was brutally attacked at an unguarded ATM kiosk in Bangalore, was discharged from the hospital on Saturday after undergoing treatment for more than a month.
In a massive push for cashless transaction, State Bank of India, the country's largest bank, plans to increase the number of its ATMs by over three times to 25,000 in the next three years.
We had asked you, dear readers to share your good and bad ATM experiences.
Union Bank, Andhra Bank, YES Bank launch cash transfer.
State Bank of India is set to cross the 5,000 mark in number of ATMs installed in the country.
The box had apparently been lying since February 23 after the employee of the cash replenishing agency forgot it outside the ATM, he said.
People of Berhampur in south Odisha are crossing over to Andhra Pradesh in search of ATMs to withdraw money as almost all such facilities in this silk city are lying defunct since Cyclone Phailin hit the state.
Many customers have had to deal with printouts saying 'transaction declined.' Customers using their own banks' ATMs did not, however, face similar problems. Transactions on a bank's home ATM network are processed through a different switching system, while inter-bank transactions go to NFS, the country's largest domestic network for authentication and routing payment details of various e-commerce transactions and e-government activities.
The Reserve Bank of India's directive on Wednesday came on its prior advice to banks in 2009 to make bank branches and ATMs accessible to people with disabilities and make at least one-third of the new ATMs installed as talking ATMs with Braille keypads.
Currently, the fee is Rs 15 per financial transaction. This has been recommended to be revised to Rs 16.50, plus service tax (12%), taking the amount to Rs 18.48.
This facility, initially, will be available at select ATMs in the major centres.
The State Bank of India on Monday launched a state-of-the-art 'floating ATM,' said to be the first in the country.\n\n\n\n
'The FSIB will conduct interviews for the SBI chairman position on May 21-22 as the tenure of the current chairman Dinesh Kumar Khara is scheduled to end by August.'
The Bhagavad Gita reminds us that true peace comes not from the absence of problems, but from the ability to face them with a prepared mind and a steady resolve, says Vatsal Ramaiya, and shows how the Gita helps you to achieve financial peace.
Vatsal Ramaiya draws wisdom from the Bhagvad Gita to explain how to conquer your debts with Lord Krishna's Kritya Nash Technique.
Continuing our series on how to achieve Financial Independence and Retire Rarly (FIRE), Vatsal Ramaiya emphasises the importance of planning for retirement.
A visit to an ATM today can help you accomplish myriad value-added transaction services like utility payments, pre-paid mobile re-charge, credit card payments, tax payments and much more.
Claims that no customer data was stolen from it.
Most banks complain that without adequate user fees, ATMs are a loss-making business for them
Across Yes Bank branches, the busiest people were the relationship managers, trying to soothe nerves. Many were seen advising clients the situation was only temporary and that their money was safe.
Interacting with the locals, Rahul asked them about the inconvenience they were facing and called on them to voice their indignation against the Centre's move of demonetisation, saying that it has become a major hassle in day to day life for the common man.
DoP has 25,000 departmental post offices and 1,30,000 rural post offices across the country.
State Bank of India, the country's largest lender, is on an outsourcing overdrive. After outsourcing the back-office work in foreign offices, the bank has now decided to rope in external agencies to set up automated teller machines to save on capital expenditure and reduce the rollout time. It plans to initially outsource 500 ATMs to vendors, including original equipment manufacturers.
In the wake of the brutal assault on a woman in an unguarded ATM in Bangalore, the Finance Ministry said it has asked all banks to strictly follow the RBI's instructions on security at these outlets and comply with instructions issued by state governments.
As part of its rural initiative, ICICI Bank is developing a low cost ATM to cater to the villages in India.
It would be done on a pilot basis to reduce capital expenditure in setting up ATMs and to improve availability of ATMs to customers, minister of state for finance P K Bansal said in written reply in Lok Sabha. As per the information available on the website of the bank, SBI has over 8,500 ATMs in India, the largest network in the country.
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