About 70 per cent of ATMs in India are running on outdated operating systems, which makes it easier for fraudsters to crack them
The cash crunch following demonetisation and transaction fees that do not cover costs are among the reasons why the sector is struggling.
The facility has been branded 'Indicash'. Last month, TCPS secured a licence from the Reserve Bank of India to launch white-label ATM operations, under the central bank's scheme 'B'.
Around 2,500 engineers and 45,000 cash management employees step up efforts to complete the target of recalibrating 12,500 ATMs every day.
Kamal Sajwan from New Delhi tells us how an debited amount from his account got credited back.
Mumbai resident Sumesh Pillai tells us how he panicked when the ATM didn't dispense cash and what happened later.
But what do banks gain by opening their apps for all? The answer -- rival bank's customers under their fold.
Akhil Goel tells us how he lost a huge sum of money without even initiating any withdrawal transaction.
With about 2,000 qualified engineers to service ATMs across the country, it is an uphill task to modify 220,000 machines.
'The Abdullah family is the problem and facilitator of the instability that we are seeing in Kashmir.'
Annoyed people in queues in front of ATMs and banks said chasing their own money has now become a new way of life
The bank can declare a withdrawal by you as illegal and deny any remedy in case a problem arises.
Bankers and executives involved in ATM operations said challenges abounded in this segment.
Bengaluru resident Krishnan H tells us about a State Bank of India ATM counter where most of the machines are dysfunctional.
Bank account holders are no longer required to visit their bank branches to update 'know your customer' (KYC) details provided they have already submitted valid documents and not changed their address, the RBI has said. Instead, if there is no change in KYC information, they can submit a self-declaration through email-id, registered mobile number, ATMs, or any other digital channels. Following up on Reserve Bank Governor Shaktikanta Das stating that banks should not insist on branch visits for KYC updation, the central bank on Thursday issued guidelines for the same.
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.
For withdrawals through cheque, the weekly cap has been hiked to Rs 24,000 from Rs 20,000
A reader shares his unfortunate experience at an ATM.
About 200,000 ATMs can dispense the new series of Rs 500 notes
The Budget for 2016-17 has announced a massive rollout of ATMs and micro-ATMs.
Take the Rediff Business Quiz and find out how much you know about the world of Automated Teller Machines.
50-year-old Singh is believed to have been visiting his parents in Delhi and was expected to return to Mumbai. However, the actor has not been heard from since April 22.
ATM deployment is set to gain scale with the Anil Ambani group's Reliance Capital and a few technology firms joining hands with partner banks to launch co-branded (known as partial white-label) ATMs.
Indian Grandmaster Arjun Erigaisi was stunned by Nikolas Theodorou of Greece in the second round of Sharjah Masters chess tournament in Sharjah.
RBI has imposed a withdrawal limit of Rs. 10,000 per transaction at the third-party ATM as well as limited such transactions to 5 per month.
With debit cards of 5 banks compromised, time to be very cautious while transacting. If possible, avoid non-bank ATMs.
It is likely he will rope in an international ATM manufacturer as a strategic partner with equity stake.
Close to 29 per cent of all complaints received from customers is related to ATM, debit card and credit card payments
It is suspected that the electronic device at the ATM counter enabled the fraudsters to collect the secret pin code and card details.
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.
Here's how Ganesh Pillai got his card back from the ATM machine.
'Oh, this is printed material which is sent to everyone along with the ATM card,' the bank manager told me. 'It won't work because the system has changed.' A Ganesh Nadar encounters the Indian banking system.
Rediff reader Shan Anbu, 42, tells us how his card got stuck in the ATM due to lack of backup power facility.
Laxman Maake, 47, tells us why he is disappointed with the ATM that he often goes to.
Isha was the custodian of the cash at the time it was being placed in the ATM.
In a pioneering move, Amul has launched India's first milk ATM.
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.
Did the transaction fail? Did you receive your money on time?
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