'The reason is that you may not enter the branch but you want to see it near you as it establishes trust.'
Customers will not be charged for ATM withdrawals from April 1, Reserve Bank of India deputy governor V Leeladhar announced in Mumbai on Monday.
Forget the never-ending forms and the paperwork, be ready to pay your taxes at your nearest ATM
Bangalore resident Ramesha SG tells us how he left his card at the ATM and lost Rs 26,000.
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.
State Bank of India is set to cross the 5,000 mark in number of ATMs installed in the country.
It's always been a struggle for economists and statisticians to forecast India's gross domestic product (GDP) correctly, and say where the economy is headed before the official numbers come out. If estimating the GDP is tough, forecasting it in real time is complicated. It involves looking at tens of indicators, such as industrial production, electricity consumption and exports, to arrive at a number.
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.
For withdrawals through cheque, the weekly cap has been hiked to Rs 24,000 from Rs 20,000
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.
The RBI notification said there is no change in weekly withdrawal limits and such disbursals should predominantly be in the denomination of Rs 500
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.
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.
DoP has 25,000 departmental post offices and 1,30,000 rural post offices across the country.
Report holds Hitachi responsible for debit card data theft. When the data theft came to light, Hitachi had denied that its systems were compromised.
The banks, however, will have the freedom to fix charges for withdrawal of cash from ATMs through credit cards and from ATMs abroad. The guidelines on free ATM use, which were released by the Reserve Bank of India in March last year, were issued in pursuance of the approach paper on ATM charges brought out by RBI in December 2007. It also included abolishing the fee on cash withdrawal from ATMs from April 1, 2009.
It is suspected that the electronic device at the ATM counter enabled the fraudsters to collect the secret pin code and card details.
Bank of India has become the first state-run lender to allow withdrawal of funds to individuals from its ATMs without an account in the bank.
The home ministry has deputed three top officials to be in touch with state governments to ensure security of banks, ATMs and cash transporting vehicles.
A Europe-like cyber security defence alliance is the need of the hour, say banking technology experts.
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 move will help curb card frauds. Currently, customers use only personal identification number for automated teller machine transactions.
The banks, however, will have the freedom to fix charges for withdrawal of cash from ATMs through credit cards and from ATMs abroad. The ATM services have become free as the Reserve Bank of India, while issuing guidelines on charges for use of ATMs, has asked the banks to abolish with immediate effect all charges on services such as balance enquiry. It implies that an ATM card holder would be able to withdraw cash from any bank ATM in India from April 1, 2009.
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.
By the end of March 2022, only 2,140 million pieces of Rs 2,000 denomination currency notes were in circulation, or 13.8 per cent of the total value of notes.
The Reserve Bank has allowed urban cooperative banks (UCBs) to open ATMs at places other than their branches without its prior approval.
The only thing that's clear is the October 15 deadline for the end of free third-party ATM use.
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.
Private banks and start-ups offer instant loans on apps as well as through 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.
'Credit card debt comes with high interest cost and stringent penalties.' 'If you do not repay on time, the costs balloon.'
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.
A series of low-intensity bomb blasts on Wednesday targeted ATM machines of a state-run bank and railway tracks in Sindh province of southern Pakistan, injuring at least six people. There were at least 16 blasts in cities and towns across Sindh, including the capital city of Karachi. A policeman was among the six people injured in the blasts.
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.
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
