'With a very stable technology with limited functionalities, a large network has spanned out.'
While a giant, it's a nimble-footed one, and is growing at a speed that even some of its private sector peers find enviable.
Between FY18 and FY24, it doubled its balance sheet. Despite being a late entrant in some segments, it has been able to grab market share, observes Tamal Bandyopadhyay.
Be careful if you find your postal mails/ bank and financial statements intercepted, pilfered or tampered with.
The war between hackers and banks over ATM security will be dynamically redefined, notes Atanu Biswas.
The Reserve Bank on Thursday permitted banks to increase charges for cash and non-cash ATM transactions beyond free monthly permissible limit from next year. Bank customers will have to pay Rs 21 per transaction, instead of Rs 20, with effect from January 1, 2022, if they exceed the monthly limit of free transactions. "To compensate the banks for the higher interchange fee and given the general escalation in costs, they are allowed to increase the customer charges to Rs 21 per transaction. "This increase shall be effective from January 1, 2022," the RBI said in a circular.
The Central Bureau of Investigation (CBI) conducted searches at seven locations across India in connection with a Rs 350 crore crypto ponzi scam. The accused, operating seven modules in different cities, allegedly lured investors with promises of high returns on cryptocurrency investments. The CBI seized digital virtual assets totaling USD 38,414 in cryptocurrency wallets, cash amounting to Rs 34.2 lakh, and digital evidence, including mobile phones, laptops, tablets, hard disks, and memory cards. The agency registered the case under the Indian Penal Code and the Information Technology Act.
SBI to introduce OTP-based ATM transactions and the new feature will not require any major change in the present process to withdraw cash.
Sanjiv Kulkarni's invention blends tradition with technology.
179 million debit cards were issued during December 2016 to June 2018. A mere 2,000 ATMs were opened in the same period.
The chaos and fear created by the deadly protests remained. Gangs of criminals have been looting and robbing homes in the absence of law enforcers over the last two days.
Binil T B, an electrician from Thrissur, left for Russia seven months ago, hoping to secure a better job and higher wages while his wife was expecting their first child.
The Central Bureau of Investigation has arrested a man for allegedly altering Aadhaar card details to withdraw Provident Funds of unsuspecting persons through online claims, officials said on Monday.
About 70 per cent of ATMs in India are running on outdated operating systems, which makes it easier for fraudsters to crack them
The number of cyber crimes in India could touch 3,00,000 in 2015
Railway Protection Force (RPF) constable Chetansinh Chaudhary, who shot dead his senior and three passengers on board a moving train last month, has been dismissed from service, an official said on Thursday.
Akhil Goel tells us how he lost a huge sum of money without even initiating any withdrawal transaction.
The poor deployment of WLATMs has tripped what the central bank sought to achieve back in 2012.
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.
Close to 29 per cent of all complaints received from customers is related to ATM, debit card and credit card payments
The facility is now available at 258 Big Bazaar and fbb stores in over 115 cities and towns across the country
More people are now comfortable using their debit cards.
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.
With debit cards of 5 banks compromised, time to be very cautious while transacting. If possible, avoid non-bank ATMs.
As many as 140 million customers of HDFC Bank and Axis Bank are expected to face interruption in banking services in the weekend due to the former's system upgrade and the transition of Citi India business to the latter. Both the banks have notified their customers about the interruption in services. HDFC Bank - the country's largest private sector lender with 93.2 million customers - had announced that it will undertake a system upgrade on July 13, wherein it will migrate its core banking system (CBS) to a new engineered platform to enhance customer experience.
Bengaluru resident Krishnan H tells us about a State Bank of India ATM counter where most of the machines are dysfunctional.
'The Abdullah family is the problem and facilitator of the instability that we are seeing in Kashmir.'
Mumbai resident Sumesh Pillai tells us how he panicked when the ATM didn't dispense cash and what happened later.
Bangalore resident Ramesha SG tells us how he left his card at the ATM and lost Rs 26,000.
Kamal Sajwan from New Delhi tells us how an debited amount from his account got credited back.
The Budget for 2016-17 has announced a massive rollout of ATMs and micro-ATMs.
Constable Vijender Kumar was on duty as protests unfolded in Firozabad. He was in his riot gear when a bullet fired by rioters tore his jacket but stuck in the wallet that contained a few coins, four ATM cards and a picture of Lord Shiva.
Take the Rediff Business Quiz and find out how much you know about the world of Automated Teller Machines.
The senior IPS officer said that 45 percent of cyber financial frauds taking place in the country are originating from the South East Asia.
Providing the much-needed relief to the common man, banks have been asked by the regulator not to charge any fee for cash withdrawals using ATM and debit cards issued by other banks from April 1. However, banks can still charge extra for services such as cash withdrawal with the use of credit cards and at ATMs located outside India.
Come to Gujarat's Anand town, the cradle of India's White Revolution. In a first of its kind, the Amul Dairy recently began trials for milk cards on its newly-installed milk vending machine in Anand. Now you can keep one more plastic card in your wallet and buy milk at any ATMs installed by the Amul Dairy.
For withdrawals through cheque, the weekly cap has been hiked to Rs 24,000 from Rs 20,000
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.
WLA operators will have an option to provide facilities for Dynamic Currency Conversion for international cards.
Laxman Maake, 47, tells us why he is disappointed with the ATM that he often goes to.
