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Want to remove money from bank ATM, but forgot your debit card? You can still do it! Here's how
Thu, Jun 20, 2019
A bank ATM cash transaction without a debit card is very much possible.
Did a bank ATM just swallow your credit or debit card? Don't worry, just do this
Tue, Jun 18, 2019
Much to bank customers frustration, there are many reasons why a bank ATM can actually swallow your debit or credit card and refuse to disgorge it.
RBI asks banks to grout ATMs to wall, pill or floor to enhance security
Fri, Jun 14, 2019
The new measures to be adopted by banks are in addition to the existing instructions, practices and guidance issued by the RBI and law enforcement agencies.
How cardless cash withdrawal at ATM works? But first know your transaction limit, fee as well - SBI vs ICICI Bank
Tue, Mar 19, 2019
One of the major advantages of using a cardless cash withdrawal service is that it eliminates the need to carry a debit or credit card.
Should you withdraw money from White Label ATMs? These are not operated by banks, find out what RBI has done
Mon, Mar 11, 2019
Under Payment & Settlement Systems Act, 2007 of RBI, ATMs set up, owned and operated by non-banks are called WLAs.
Using credit cards at bank ATMs? Beware! Do this right now! Here is why
Wed, Jan 16, 2019
According to RBI data, the number of outstanding credit cards as at the end of July stood at 40153868. Among these, a total of 804,212 transactions were made using credit cards at ATM amounting to Rs 3,723 million.
50% of bank ATMs in India may close down, warns CATMi
Thu, Nov 22, 2018
Changes in regulatory landscape are making it unviable to operate ATMs, and may lead to the closure of half of the 2.38 lakh machines in the country by March 2019, the Confederation of ATM Industry (CATMi) warned Wednesday.
Money Alert! ATMs, bank branches hurting rural India; this is how
Thu, Jul 19, 2018
Rural people are struggling to enjoy welfare benefits announced by the government due to shortage of ATMs and bank branches, a Bloomberg report said.
ATM cash crisis: Suddenly Cashless
Thu, Apr 19, 2018
There are reports of ATMs running of cash in some states including Delhi, Andhra Pradesh, Telangana, Karnataka, Bihar, Jharkhand, Madhya Pradesh, Maharashtra and Uttar Pradesh.
Cash crisis at ATMs: Deposits rise as govt battles currency crunch
Thu, Apr 19, 2018
While the government on Tuesday accepted the shortage of cash in the ATMs in certain states, it has not been able to ascertain the exact reason behind the sudden spike. Speculations such as hoarding of black money and linking it with Karnataka elections are doing rounds.
ATM currency crisis: What is to blame? Huge withdrawals in Telangana, Andhra, Karnataka
Wed, Apr 18, 2018
The total requirement of paper currency is 25,000 tonnes but that has not been met, sources said. The Centre has not attributed any particular reason for the cash dearth as ATMs dried up in many parts of the country and said it’s a temporary problem. “Overall there is more than adequate currency in circulation and also available with the Banks. The temporary shortage caused by ‘sudden and unusual increase’ (in demand) in some areas is being tackled quickly,” Finance Minister Arun Jaitley said in a tweet.
You may soon be able to withdraw Rs 200 notes from ATMs
Thu, Jan 04, 2018
The RBI has directed banks to recalibrate ATMs to ensure that more number of Rs 200 denomination notes are dispensed to general public.
1-year of demonetisation: Did India see a cash-less economy?
Wed, Nov 08, 2017
November 08,2017, comes as a very special day for PM Narendra Modi and his government has it marks the one year anniversary of their biggest reform "Demonetisation" or commonly known as notebandi.
Are the new Rs 200 notes coming to ATMs near you?
Tue, Oct 17, 2017
The Rs 200 notes is introduced in lower end of denomination series as per RBI. So far, India has bank notes like Rs 1, 2, 5, 10, 20, 50, 100, 500 and 2000.
New Rs 100 notes are coming this April 2018?
Wed, Oct 04, 2017
Rs 100 may be soon distributed in India in two formats both banknotes and coin pattern. RBI so far has revamped four bank notes in a move to eliminate fake currency.
Banks to remain shut till August 15; Will ATMs run dry?
Fri, Aug 11, 2017
Banks will remain shut for four days which may cause temporary cash shortage at ATMs.
From the looks of it, Rs 200 note might not be circulated via ATMs
Wed, Jul 05, 2017
The new Rs 200 note has a bluish tinge and has similar form factors as the Rs 2000 note.
RBI says 83% currency remonetised but does it really matter?
Thu, Jun 08, 2017
The after-effects of demonetisation are still not over. RBI is yet to announce the total currency that found its way back to the banks between November 9 2016 and December 31, 2016. However, RBI said that currency to the tune of 82% of pre-demonetisation levels have been pumped in the economy.
State Bank of India's revised service charges effective from June 1; find out what they are
Thu, Jun 01, 2017
SBI introduces service charges right from cash withdrawal from ATMs to usage of solid or imperfect notes. State Bank Buddy customers to now Rs 25 on every cash withdrawal from ATMs.
WannaCry: Should you stay away from ATMs?
Mon, May 15, 2017
After the WannaCry ransomware infected the computers across the world, the Reserve Bank of India (RBI) has directed banks to operate their ATM networks only after machines receive a Windows update to protect the machines from the malware.