RBI asks banks to speed up ATM upgrades as deadline looms large
Most banks have not initiated upgrades on cassette swap, e-surveillance and digital locks as their cost analysis of such an overhaul is significantly higher than central bank’s estimates, said people aware of the matter.
Cash withdrawal from ATMs dips in April
According to data released by the RBI in monthly bulletin for June, the number of transactions or cas...
Banks to install contactless ATMs to cut down on touch
Traditionally, the ATM has been using a magnetic stripe card for identification of the...
PNB collected Rs 268 cr as ATM transaction charges, annual maintenance fee in FY20
Punjab National Bank collected around Rs 268 crore as ATM transaction charges and annual maintenance fee on debit cards during 2019-20 fiscal, according to an RTI reply.
Kotak launches 'ATM on Wheels' for Delhi-NCR
Kotak's 'ATM on Wheels' gives citizens of the Delhi-NCR region convenient and easy access to cash withdrawal services in their locality. All safety procedures, including providing hand sanitisers to every customer before use of the ATM, periodic sanitisation of the ATM and maintaining social distancing, will be strictly followed, Kotak said.
Instances of cloned ATM cards in Delhi; affected customers to get refund: SBI
As a caution and safety measure for customers, SBI has also advised the account holders to change the ATM PIN at regular intervals, cover ATM/POS keypad while entering the PIN, memorize the security transaction number rather than writing it down on the card or anywhere else.
SBI ATM withdrawal charges effective from July 1
The waiver announced on the ATM withdrawal charges has expired on June 30, 2020. If you are an SBI customer, from July 1, here are the charges and limits that will be applicable on your ATM transactions.
RBI to release daily payments data to facilitate research
Additionally, the data will also include the withdrawals made at ATMs and cash availability with business correspondents.
HDFC Bank introduces mobile ATMs in Kolkata
All necessary precautions in terms of maintaining social distancing and sanitisation are being taken to ensure health safety of staff and customers at these facilities.
Bank of Baroda rolls out mobile ATM in Mumbai
The lender is also planing to take the ATM to the business correspondent touchpoints or branches in view of the withdrawal of Rs 500 by women beneficiaries of the Prime Minister Jan Dhan Yojana accounts.
ICICI to deploy mobile ATM vans in Noida, other districts in UP
The mobile ATMs will offer all the services that are available at normal ATMs. Apart from cash withdrawals, key services which can be availed by customers are transfer of funds to registered payees, change of PIN, recharge of pre-paid mobiles, fixed deposits, cardless cash withdrawals among others, as per the press release issued on behalf of the bank.
Covid lockdown: HDFC Bank deploys Mobile ATMs across India
The mobile van carrying the ATM piloted in Mumbai & Noida, with plans to extend the service to the rest of the country shortly. The locations for deployment are being identified in consultation with local municipal authorities in respective cities, the bank said.
Cash withdrawal from ATMs dips in April
According to data released by the RBI in monthly bulletin for June, the number of transactions or cash withdrawal volume from ATMs also declined 28.66 crore in April from 54.71 crore in the previous month. April was the first full month of lockdown, due to which movements were restricted in a majority parts of the country.
Centre asks states to ensure normal functioning of banks, ATMs during lockdown
Further, the central government has announced a financial package under the Prime Minister Garib Kalyan Yojana under which approximately Rs 27,500 crores are going to be disbursed during this week and in the coming weeks to the targeted public through bank branches, ATMs and business correspondents (BCS), Bhalla said.
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