Sat, Sep 21, 2019
RBI on Friday issued a notification titled 'Harmonisation of Turn Around Time (TAT) and customer compensation for failed transactions using authorised Payment Systems.
Mon, Jul 22, 2019
This credit card can be used at RuPay card accepting points in India and JCB card accepting points outside India for both POS and bank ATM.
Thu, Jun 27, 2019
Equipped with card swipe facility, the micro ATMs can even operate via fingerprint scanner.
Mon, Nov 21, 2016
The government has acknowledged that the disruption would last weeks because of delays in note printing and technical problems with ATM machines, but Modi has made a plea for patience until Dec. 30. The government said it could not have printed new notes or recalibrated cash machines in advance for fear of the move leaking out.
Sat, Nov 19, 2016
Announcing the move on November 8, Prime Minister Narendra Modi said it was a "secret operation" and declared that it was a matter of inconvenience for just a "few days" -- unmindful, perhaps, that India is a country where 78% of transactions happen in cash.
As an another customer-centric move in the times of demonetisation, the Reserve Bank of India (RBI) has now made the limit for cash withdrawal at point of sale (POS) - for debit cards and open system prepaid cards issued by banks in India, uniform at Rs 2000 per day available at all centres.
Thu, Nov 17, 2016
The Finance Minister also said that 22,500 ATMs would be re-calibrated on Thursday.
Queues at some branches in the metros cities were seen slightly shorter for exchange of old currencies as the process of putting indelible ink has started from yesterday. As a result of this, those who have already exchanged old currency notes are unable to interchange again on the same day due to the ink mark.
Mon, Nov 14, 2016
As per RBI, re-calibration of ATMs involves multiple agencies – banks, ATM manufacturers, NPCI, Switch Operators.
During the first four days - from November 10 – November 13, 2016 till 5 pm, nearly Rs 3 lakh crore of old notes have been deposited in the banking system, Ministry of Finance said.
Sat, Nov 12, 2016
Finance Minister Arun Jaitley said that the total deposits in all banks must be around Rs 2-2.25 lakh crore after the demonetisation task started.
Virually every bank and ATM in India is seen filled with people and long queues snaking as people jostle to exchange or deposit Rs 500 and Rs 1,000 notes that have been demonetised.
Fri, Nov 11, 2016
If you are heading to ATMs or bank branches for exchange or deposit of your old Rs 500 and Rs 1,000 notes, here are important things that you should know.
Following the withdrawal of Rs 500 and Rs 1,000 banknotes, private sector lender Axis Bank on Thursday said it has witnessed a 35% jump in usage of debit cards at merchant establishments.
Wed, Nov 09, 2016
The government's latest move to fight black money and corruption by banning Rs 500 and Rs 1,000 notes from circulation have impacted the Indian markets on Wednesday.
All ATMs will remain shut on Wednesday and Thursday as banks replace the now declared invalid Rs 500 and Rs 1,000 notes with new currency papers.
Sun, Nov 06, 2016
RBI was responding to a public interest litigation (PIL) filed by advocate Swati Aggarwal.
Mon, Oct 24, 2016
Markets regulator Sebi is mulling a greater push to put in place strong safeguards against cyber threats to bourses, brokerages and other entities, amid concerns over the largest-ever banking data breach wherein 32 lakh debit cards are feared to have been 'compromised'.
Thu, May 26, 2016
RBI on Thursday asked banks to upgrade all ATMs by September 2017 with additional safety measures to prevent skimming and cloning of debit and credit cards.
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