Following market regulator Sebi's decision to allow the bank to open fresh demat accounts, HDFC Bank on Friday said it has also received approval from the Reserve Bank for setting up additional branches and ATMs.
An RBI official said the supply of currency was adequate in the states facing a crunch at ATMs but the logistic issues led to the present situation
ATM cards can help you order a chequebook at your doorstep, get mini statements, pay utility bills and much more.
Let's take a look at how many ATMs countries in emerging markets have and how many use mobile phone to receive money.
The people of India have 50 days, from November 10 to December 30, to deposit notes of Rs 500 and Rs 1,000 in any Bank or Post Office.
Three weeks after the brutal attack on a woman bank official at an unguarded ATM kiosk in Bangalore, the assailant was still on the run even as police said they were making "all efforts" to nab him.
Beneficiaries of kerosene, LPG and fertiliser subsidies will be able to get direct cash transfers through banks, ATMs or even mobile banking after the UIDAI's recommendations to plug leakages in the system are implemented.
State Bank of India and Kingfisher Airlines on Monday launched a e-ticketing initiative for air travellers.
ATMs may soon be used to buy airline tickets with technology firm NCR Corporation developing a software that enables users to make bookings by accessing flight schedules, select destinations and dates of travel.
The government is likely to introduce Quick Money Withdrawal Scheme on the lines of Any Time Money in post offices
The businessman, who worked for the printing firm De La Rue Instruments at the time, came up with the concept of a self-service cash dispenser in 1965.
The findings are an early step in understanding security vulnerabilities of wearable devices
India's first floating ATM will be launched in Kochi on February 9 by the State Bank of India.
SBI has announced an investment of Rs 7,250 crore in Yes Bank through the acquisition of 725 crore shares at Rs 10 each.
A woman attacked with a machete in broad daylight at an ATM in Bangalore is battling for life.
The machine can hold 600 cupcakes and was installed in front of Sprinkles' flagship store in Beverly Hills in Los Angeles.
The free run at automated teller machines might end soon, with banks petitioning the Reserve Bank of India to put curbs on cash withdrawals at third-party ATMs. Representatives from the Indian Banks Association, who met central bank officials late last month to make a case, said RBI had accepted most of their suggestions and these are likely to come into effect soon.
By 2017, research provided by NCR Corporation, an ATM maker, suggests that the installed base of these machines in India will reach 400,000 machines, from about 100,000 in the third quarter of 2012.
The injured troopers of 50 RR were immediately evacuated to the local hospital at Pampore where one soldier succumbed while the other was referred by attending doctors to the army base hospital in Srinagar for specialised treatment. The two RR jawans were part of a road opening party," the officer said.
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Because of corrections in property prices and oversupply in the office segment, the rich are investing in hospitals, warehouses, ATMs and other alternatives to traditional investment options.
Researchers from the data analysis firm Data Genetics have found that the three most popular combinations '1234', '1111', and '0000' -- account for close to 20 per cent of all four-digit passwords.
The department plans to give taxpayers the facility of applying for tax refunds and tax credits through ATMs.
The accounts were hacked during April and May, police said, adding that the Axis Bank had contacted Mumbai police and informed that they had set up a committee to probe the matter.
2 masked assailants shot dead 3 persons carrying bank money in a busy commercial area.
According to the RBI's April 6 circular, cash loading companies, which take cash around the country, are supposed to increase their net worth to Rs 1 billion within 90 days.
'Our unsecured loan is not exactly unsecured. It is backed by cash flow of customers.'
Cyber crime wing has been receiving 4-5 complaints every day involving impersonation
The Reserve Bank of India on Friday directed banks to reimburse customers for amounts wrongfully debited from their accounts in failed ATM transactions within seven days of an account holder's complaint or else pay a Rs 100 per day compensation.
Vortex Engineering has launched one of India's greatest initiatives to extend banking services to several parts of rural India.
Rajkumar Singh, a native of Punjab, was nabbed late Saturday night with help from the police of Karnataka capital and was being brought to Goa, a top official said.
The UFBU is an umbrella body of nine bank employees unions of the country and claims to have members from public, private and foreign banks. "We are on strike from today as Indian Banks' Association did not concede to the bank unions demand for the wage hike," said United Forum of Bank Unions convener C H Venkatachalam.
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