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.
Let's take a look at how many ATMs countries in emerging markets have and how many use mobile phone to receive money.
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.
ATM cards can help you order a chequebook at your doorstep, get mini statements, pay utility bills and much more.
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.
The message is clear: The 60-year-old wise uncles need to handhold the 40-year-old entrepreneurs when, obsessed with ambition and greed for growth, they become a victim of hubris, points out Tamal Bandyopadhyay.
SBI has announced an investment of Rs 7,250 crore in Yes Bank through the acquisition of 725 crore shares at Rs 10 each.
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 findings are an early step in understanding security vulnerabilities of wearable devices
'We went from zero to about 10 million users in three months. Paytm came out with the wallet play and we came out with the UPI play.'
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.
A woman attacked with a machete in broad daylight at an ATM in Bangalore is battling for life.
India's first floating ATM will be launched in Kochi on February 9 by the State Bank of India.
Cruelty by the husband (or his relatives) accounted for about 40 per cent of these cases. Delhi reported the highest number of cases of crimes against women (12,552) followed by Mumbai with over 5,000 cases.
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.
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.
The Congress leader, who resigned as the chief minister Sunday night, emerged victorious in the Patan assembly seat, defeating BJP candidate Vijay Baghel by 19,723 votes in the state assembly elections held last month.
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.
Days after cash and ornaments valued at over Rs 2.25 crore were found missing from an Axis Bank branch in Manipur's Churachandpur, criminals targeted another bank in Kangpokpi district and looted computers and other electronic items worth nearly Rs 1 crore, officials said on Friday.
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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.
Has Vijay Shekhar Sharma given up on the bank? For now, he seems to be on a save-OCL mission. The bank will face its logical end, observes Tamal Bandopadhyay.
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 Reserve Bank on Friday superseded the board of the city-based Abhyudaya Cooperative Bank on concerns emanating from "poor governance" and appointed an administrator to manage the affairs of the lender. In what can be seen as a step that should allay depositors' concerns, the central bank did not put any restrictions or moratorium on deposit withdrawals because of the comfort it gets on the bank's finances, according to people in the know. "(The) action is necessitated due to certain material concerns emanating from poor governance standards observed in the bank.
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.
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.
'The focus needs to shift towards the ability to collect payments, particularly in tier-3 to tier-4 areas where acceptance is still lacking.'
2 masked assailants shot dead 3 persons carrying bank money in a busy commercial area.
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