The transition to UPI-based ATMs will be gradual, and consumers will not immediately switch to using standalone UPI ATMs overnight.
The interchange fee -- paid by the card-issuing bank when a customer swipes at another bank's ATM, including at white-label ATMs -- may be raised to Rs 20 to Rs 23.
We sifted through the complaints that landed on our desks and dug out the issues that were most striking and uncommon when it came to debit cards.
A woman was robbed of her gold jewellery, cellphone and ATM card by an unidentified person after he terrorised.
Anita Aikara forgot her card in the ATM after a transaction. Read on to find out what happened next...
'Credit card debt comes with high interest cost and stringent penalties.' 'If you do not repay on time, the costs balloon.'
The Hyderabad police has released images of woman who was robbed at an ATM centre in Hyderabad's Yosufguda area.
Next time you go to a bank ATM, be ready to re-enter your PIN afresh for every transaction you wish to conduct, such as money withdrawal, balance enquiry and checking account details.
In a bid to check fraud, the Reserve Bank on Friday decided to permit all banks to introduce card-less cash withdrawal through ATMs.
UPI has catapulted India into the forefront on the global digital payments landscape. Working hand in hand, the AePS payments system is making life easy for rural folks, notes Tamal Bandyopadhyay.
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.
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.
Fahadh Faasil reunites with Maamannan co-star Vadivelu for the film Maareesan.
At times, banks violate all banking norms, resulting in a customer's accounts wiped clean through illegal ATM withdrawals.
Before inserting your card, always check for any signs of tampering on the ATM machine, warns Aditya Shankar.
A regional bank in Japan today started operating ATMs for cash withdrawals, deposits and balance inquiries that do not require plastic cards but instead identify account holders by scanning their hands.
A reader shares his unfortunate experience at an ATM.
Refusal to share his mPIN cost the businessman his life.
Rediff reader Shan Anbu, 42, tells us how his card got stuck in the ATM due to lack of backup power facility.
The accused had obtained mobile phone SIM cards in fake names and used to take betting amounts from people through QR codes, the official said.
Shivkumar Gautam, the alleged main shooter in the Baba Siddique murder case, remained at the spot for 20 minutes after the Nationalist Congress Party leader was gunned down on October 12, an official said on Thursday.
Plastic counterfeiting and frauds have increased at an alarming rate. So how do you protect yours from being misused?
A reader shares his shocking experience at the ATM.
Here's how Ganesh Pillai got his card back from the ATM machine.
Useful tips to protect users of credit and debit cards from being target of frauds.
So how does one be safe? Here are some basic guidelines -- dos and don'ts -- to help you be secure when using a card.
Do you know what are the pros and cons of using a credit card and/ or debit card? Here's a simple take on which is better and which is not.
The Reserve Bank on Thursday asked banks to provide the option of Interoperable Card-less Cash Withdrawal (ICCW) at their ATMs, a move aimed at curbing frauds like skimming, card cloning and device tampering. Currently, cardless cash withdrawal through ATMs is offered by a few banks for their customers at their own ATMs (also known as on-us basis). "All banks, ATM networks and WLAOs (White Label ATM Operators) may provide the option of ICCW at their ATMs," the central bank said in a circular.
P N Pillay, 49, shares his experience at an ATM. You can share yours too!
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.
The Reserve Bank on Monday permitted banks to allow minors above the age of 10 years to open and operate savings/ term deposit accounts independently. The Reserve Bank of India has issued revised instructions on opening and operation in the deposit accounts of minors.
Readers share their good and bad ATM experiences.
'RuPay' is developed by National Payments Corporation of India.
After having identified the man who allegedly attacked a bank official at an ATM in Bangalore last month, the police say that his records indicate that he was a history-sheeter who murdered his wife in 2008. The man identified as Narayan Reddy has been absconding ever since he got bail in the murder case.
The Union finance ministry on Thursday issued a clarification on the changes in FEMA rules which brings overseas international credit card spending under the RBI's liberalised remittance scheme (LRS). Here's how it affects you.
Using ATMs beyond the permissible free transactions for cash as well as non-cash purposes will cost more from Saturday. As per the Reserve Bank directive issued in June, the banking customers would be required to pay Rs 21 per transaction with effect from January 1, 2022 for transactions beyond the free permissible limit. Presently, banks are allowed to charge Rs 20 for such transactions through ATMs.
