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ATMs News

20 Oct 2024

How To Easily Withdraw Cash Using Your Aadhaar Card: Check Withdrawal Limits

Aadhar Card Money Withdrawal: AEPS allows users to carry out a variety of banking transactions, such as cash withdrawals, balance inquiries, and fund transfers, using their Aadhaar number and biometric authentication.

Bank Holidays 2024

08 Mar 2024

Bank Holiday On Mahashivratri: Financial Institutions Closed For Next Two Days

March will see bank closures on several days. ATMs and online platforms will provide access to financial services on bank holidays. Today, banks will be closed in several Indian states.

27 Aug 2021

RBI imposes Rs 6 crore penalty on 4 White Label ATM operators

A penalty of Rs 2 crore each has been imposed on BTI Payments and Hitachi Payment Services, and Rs 1 crore each on Tata Communications Payment Solutions Ltd and Vakrangee Ltd. RBI said on-site inspection of Transaction Analysts (India) revealed non-compliance with directions issued by it on escrow account balances, limits prescribed for certain transactions, and KYC.

11 Aug 2021

Starting October 1, RBI to levy penalty on ATMs that run out of cash

The RBI will start imposing penalty on banks in case the ATMs remain out-of-cash for a total period of 10 hours in a month from October 1, 2021, onwards. The Reserve Bank of India has a mandate to issue banknotes and the banks are fulfilling this mandate by dispensing banknotes to the public through their wide network of branches and ATMs. The Scheme will be effective from October 01, 2021.

31 Jul 2021

Forgot your debit card? THIS bank will help you to withdraw cardless cash

HDFC Bank has come up with a cardless cash withdrawal facility. The minimum withdrawal range is Rs 100 per transaction and it can go up to a maximum of Rs 10,000 per day or Rs 25,000 per month for a beneficiary.

07 Jan 2020

Bharat Bandh: Mamata government asks its employees to report for duty on Jan 8

The Bharat Bandh 2020 is being organised to protest against the Central government's recent banking reforms and policies.

05 Feb 2019

Morning Breaking: 5 foreign nationals held for stealing money from ATMs

Five foreign nationals held for stealing money from ATMs. Watch this video to know more.

India ATMs closure

22 Nov 2018

Reasons why 50% ATMs may shut down by March 2019

A majority of the ATMs which can be shut down will be in the non-urban areas.

21 Nov 2018

50% ATMs in India may be shut down by March 2019, warns industry body

Nearly 50 percent of Automated Teller Machines (ATMs) may be shut down by March 2019 due to unviability of operations.

currency shortage

17 Apr 2018

No currency shortage, printing of notes ramped up, says RBI

An unusual spurt in currency demand in states like UP, MP, AP as well as poll-bound Karnataka led to dry ATMs in several parts of the country.

11 Nov 2017

Debit, credit cards, ATMs will be redundant in 4 years: Niti Aayog

Niti Aayog CEO Amitabh Kant on Saturday said debit and credit cards as well as ATMs will be redundant in next three-four years and people will use their mobile phones for financial transactions.

15 May 2017

Ransomware: RBI asks banks to follow CERT-In instructions on WannaCry attack

RBI has asked banks to follow the instructions of government organisation CERT-In to prevent the attack by ransomware, 'WannaCry', which has impacted various IT networks in over 150 countries.

28 Apr 2017

Currency shortage in UP banks, ATMs trouble people

Banks in Kanpur alone need currency flow of about Rs 400 crore every day but they have been receiving only Rs 250-300 crore for the last one week.

15 Feb 2017

Currency in surplus, ATMs being monitored daily: Jaitley

Finance Minister Arun Jaitley on Wednesday said the currency is in surplus and the ministry is monitoring status of ATMs onm a daily basis to sort out operational issues.

Withdrawal limits

16 Jan 2017

Good news for small traders: Withdrawal limit from current accounts doubled to Rs 1 lakh per week

In a major boost for small traders, the Reserve Bank of India (RBI) on Monday hiked the withdrawal limit from current accounts to Rs 1 lakh per week, double from the existing Rs 50,000.

07 Jan 2017

Cards, ATMs, POS will be redundant by 2020 in India: Niti Aayog

Amid the big push being given to digital transactions post-demonetisation, Niti Aayog CEO Amitabh Kant today said cards, ATMs and POS machines would become redundant in the country by 2020.

31 Dec 2016

Demonetisation: Deadline to deposit the junked Rs 500, Rs 1,000 notes in banks ends

People still have time to exchange the currency notes at designated RBI counters till March 31 after giving valid reasons for not depositing defunct notes in their accounts by December 30.

30 Dec 2016

Demonetisation: Last day to deposit old Rs 500, Rs 1,000 notes today

While many expect the government to extend the deadline of December 30 for deposit of invalid Rs 500 and Rs 1,000 notes, the government has time and again reiterated that it has no plans to do the same.

29 Dec 2016

Demonetisation: Today is the last day to deposit old Rs 500, Rs 1,000 notes

As the 50-day deadline for completion of demonetisation process draws near, people have just Friday to deposit old Rs 500, Rs 1,000 notes, pinning their hope on an extension of the date.

08 Dec 2016

This is how much cash the RBI has issued post demonetisation!

Even as banks and ATMs across the country continue to remain dry and millions are cashless, one will believe how much cash the Reserve Bank of India has issued post demonetisation – a huge Rs 4.27 lakh crore.

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