The only thing that's clear is the October 15 deadline for the end of free third-party ATM use.
State Bank of India has entered into an alliance with HDFC Bank for sharing ATM networks to be operationalised from February 3 this year.
Imagine a tiny automated teller machine (ATM) that could be carried anywhere in your bag. Unusual it may sound, but Gujarat will soon have such small ATMs. In a novel initiative to make rural banking hassle-free, public-sector bank Dena Bank is gearing up to roll out these little ATMs in a couple of rural areas on experimental basis.
With banks struggling to cope with rush to get alternative currency, the government has extended use of old defunct Rs 500 and Rs 1,000 notes for paying household utility bills, fuel, taxes and fees and purchases from co-operative stores till November 24.
Private sector lender HDFC Bank on Wednesday launched a service whereby its 115 lakh debit card holders can pay income tax through the bank's ATMs.
Mobile wallet adoption is surging in India and swiftly becoming a primary payment option, surpassing traditional methods like cash and cards. Over the next few years, payments via mobile wallets in India are likely to surpass the Rs 531.8 trillion mark in 2028, witnessing a compound annual growth rate (CAGR) of 18.3 per cent between 2024 and 2028, according to GlobalData - a London-based leading data and analytics company. The value of mobile wallet payments in India, as per a GlobalData report, grew at a CAGR of 72.1 per cent between 2019 and 2023 to reach Rs 202.8 trillion ($2.5 trillion) in 2023.
According to a bank source, a link failure was responsible for all the inconvenience
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Second authentication for small value payments through credit cards can be reduced subject to conditions.
As dawn breaks, two queues start forming at the only petrol pump inLakshmangarh, a small town in Rajasthan's Alwar district.
The limit on withdrawal from current accounts has been enhanced to Rs 100,000 per week.
The Bangalore ATM attacker has been identified as one Narayan Reddy, a resident of Nallacheruvu Mandal, Cheruvulavadla village in Andhra Pradesh. However, the police have not been able to nab him yet.
A man who purchased the mobile from the person who attacked a woman at an ATM in Bangalore on Tuesday has been picked up by the police for questioning.
Residents of Mumbai can now buy water from an ATM, that too at an affordable price of Rs 1 per litre.
In the first such incident in Srinagar, unidentified men made away with Rs 14 lakh from an Automatic Teller Machine (ATM) in a high security area after decoding the digital code.
Six nationalised banks, including Canara Bank and Bank of Baroda, on Wednesday signed an agreement with Indian Railways for setting up more than 700 ATMs at railway stations across the country.
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The world's first publicly accessible ATM machine which can exchange digital currency - bitcoins - for any official currency has been launched in Canada by a group of young entrepreneurs.
Large banks across the country might be crying foul on the recent suggestion of the Reserve Bank India (RBI) to do away with the charge on inter-bank ATM usage, but the Kolkata-based banks have largely welcomed the move.
ICICI Bank will ensure that all ATMs and branches have enough cash in the wake of 'panic withdrawals' through ATMs by customers in a few cities of Gujarat.
'No cash,no problem,' says Aparna Verma who has survived without cash from the time PM Modi announced the 'note ban'.
The senior IPS officer said that 45 percent of cyber financial frauds taking place in the country are originating from the South East Asia.
At other bank ATMs, the customers of these banks will be charged beyond three transactions.
The Reserve Bank has allowed urban cooperative banks (UCBs) to open ATMs at places other than their branches without its prior approval.
ATMs are on their way to becoming a one-stop shop for most banking services. Here's what your ATM can do for you.
Banks with a large ATM network were crying foul over the free ATM usage after RBI, in its draft approach paper on ATMs of banks, had said the use of ATMs of own banks for any purpose and of other bank ATMs for balance enquiries should be free of cost with immediate effect.
ICICI Bank has inked a pact with the Jammu and Kashmir Bank to share ATM network, providing the customers of both the banks access to about 2,000 ATMs in the country.
Most bank customers in Delhi feel that ATMs are a more secure self-service banking channel than Net and phone banking.
Now you can withdraw money and simultaneously get your passbook updated at the automated teller machine (ATM) instantly.
The central bank might ensure that the new series of banknotes with more robust security features be introduced as early as possible.
Off-site ATMs are set up on a standalone basis.
Experts say RBI's norm on deploying a guard is loosely worded and it is discretionary for banks to have all ATMs manned.
Many banks are contemplating to set up additional counters for withdrawal to meet the rush
Union Bank of India, Canara Bank, Andhra Bank, Saraswat Co-operative Bank and YES Bank have come together to allow inter-bank fund transfers through debit cards.
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