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Worried about money after failed transactions at ATMs? Now, bank may pay you Rs 100 per day - Here is how

Worried about money after failed transactions at ATMs? Now, bank may pay you Rs 100 per day - Here is how

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.

At SBI, PNB and more, get new RuPay JCB Global Credit Card; on offer, 30% cashback on transactions!

At SBI, PNB and more, get new RuPay JCB Global Credit Card; on offer, 30% cashback on transactions!

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.

What is Micro ATM? This fintech has just made withdrawing money, balance enquiry even easier

What is Micro ATM? This fintech has just made withdrawing money, balance enquiry even easier

Thu, Jun 27, 2019

Equipped with card swipe facility, the micro ATMs can even operate via fingerprint scanner.

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Nearly Rs 6 lakh crore withdrawn up to December 19, RBI says

Nearly Rs 6 lakh crore withdrawn up to December 19, RBI says

Wed, Dec 21, 2016

In this period, the Reserve Bank has issued to the banks and their branches, for distribution to the public, a total of 22.6 billion pieces of notes of various denominations of which 20.4 billion pieces belonged to small denominations of ₹ 10, 20, 50 and 100s and 2.2 billion belonged to higher denominations of ₹ 2000 and ₹ 500.

POS machines likely to outshine ATMs as India hurries towards less-cash

POS machines likely to outshine ATMs as India hurries towards less-cash

Tue, Dec 20, 2016

M B Mahesh, Nischint Chawathe and Abhijeet Sakhare of Kotak Institutional Equities said, “With 0.2 million ATMs and 1.4 million POS machines, Indian banks are getting an unexpected benefit coming through demonetisation as the bulk of 0.6 billion debit cards and 0.02 million credit card holders have started to look seriously at newer channels of payment.”

Demonetisation: Steady activation of debit cards to boost ATM volumes for PSBs

Demonetisation: Steady activation of debit cards to boost ATM volumes for PSBs

Tue, Dec 20, 2016

Post demonetisation, Indian banks especially public banks are expected to see growth in the ATM volumes led by steady activation of debit cards.

Notebandi frontlines: Sales fall, anger rises; why the fishing industry can't go cashless

Notebandi frontlines: Sales fall, anger rises; why the fishing industry can't go cashless

Mon, Dec 19, 2016

Gangu Kundaikar is a small-framed, sari-clad woman who rises at 3 a.m. every day, wraps a cloth around her waist so fish do not soil her sari, and takes a rented vehicle to the Malim jetty in Panaji, North Goa, 8 km from her village in one of Indias most prosperous and literate states.

Demonetisation: Can normalcy return in the next two months?

Demonetisation: Can normalcy return in the next two months?

Mon, Dec 19, 2016

SBI believes that introduction of Rs 500 currency notes in large numbers will fill the much needed vacuum of serving as the medium of exchange in between Rs 100 and Rs 2000 rupee notes.

Stand in line at ATMs get a laddoo from BJP govt

Stand in line at ATMs get a laddoo from BJP govt

Tue, Dec 13, 2016

One laddoo per family to ‘thank’ the people for their ‘patience,’ is what the the Delhi Bharatiya Janata Party troops will get cracking on to refresh Indian palates with a sweet taste after the bitter cash crunch swept pockets dry.

Bank unions AIBEA, AIBOA write to RBI Governor Urjit Patel over cash shortage

Bank unions AIBEA, AIBOA write to RBI Governor Urjit Patel over cash shortage

Sat, Dec 10, 2016

Two bank unions on Friday urged Reserve Bank of India (RBI) Governor Urjit Patel to ensure adequate supply of the new Rs 500 notes and bills of lower denominations to tide over the prevailing cash crunch.

28 Days of Demonetisation: No let-up in rush at banks, ATMs

28 Days of Demonetisation: No let-up in rush at banks, ATMs

Wed, Dec 07, 2016

People queuing up outside the banks and ATM kiosks continued to be a common sight in most parts of the national capital on Tuesday -- 28th day since the high-denomination notes were demonetised.

Digital banking may eat into ATM business

Digital banking may eat into ATM business

Sat, Dec 03, 2016

With the government nudging people towards digital banking modes -- payments through mobile phones, Point-of-Sale (PoS) machines and others -- ATM players may find their business in a flux in the coming years.

Digital banking may eat into ATM business

Digital banking may eat into ATM business

Fri, Dec 02, 2016

According to V. Balasubramanian, President, Financial Software and Systems (FSS), the demand for ATMs is unlikely to be affected in the next couple of years, but "it is not possible to make a growth estimate after two years given the changed situation".

Financial transactions from your phone are still far from safe

Financial transactions from your phone are still far from safe

Fri, Dec 02, 2016

While mobile wallets, banks are looking to grow their digital payment systems, there are still many risks which they have not yet taken care of.

Demonetisation: Bank withdrawals stand at 20% of total deposits

Demonetisation: Bank withdrawals stand at 20% of total deposits

Tue, Nov 29, 2016

On the evening of November 8, Prime Minister Narendra Modi in a televised address said that nearly 86% of Rs 16 lakh crore that oiled the Indian economy by way of Rs 500 and Rs 1000 notes were illegal tender from midnight.

Here are 9 things Urjit Patel said on demonetisation

Here are 9 things Urjit Patel said on demonetisation

Mon, Nov 28, 2016

From assuring constant supervision to reassuring honest taxpayers, and justifying demontization and why it was so chaotic, the RBI Governor finally opened up on demonetisation.

Will PM Modi's demonetisation plan backfire?

Will PM Modi's demonetisation plan backfire?

Sun, Nov 27, 2016

Many economists say that the move will result in a slowing down of the economy in the near term.

Demonetisation to impact Q3,economy will come back to new normal: Sitharaman

Demonetisation to impact Q3,economy will come back to new normal: Sitharaman

Sat, Nov 26, 2016

The demonetisation of Rs 500 and Rs 1,000 notes will have an impact on growth in the current quarter but the economy will gradually come back to the 'new normal', Commerce and Industry Minister Nirmala Sitharaman said.

V-Mart Retail allows cash withdrawal of Rs 2,000 from stores

V-Mart Retail allows cash withdrawal of Rs 2,000 from stores

Sat, Nov 26, 2016

V-Mart Retail, which has a network in tier-II and tier-III cities would allow cash withdrawal of up to Rs 2,000 from its store through ATM cards.

DCCBs must get tech-savvy post demonetisation: Nabard chairman

DCCBs must get tech-savvy post demonetisation: Nabard chairman

Fri, Nov 25, 2016

"In the long run, demonetisation is an eye-opener for DCCBs. They have to be on digital platforms. They should ensure their customers are also digitally savvy," Nabard Chairman Harsh Kumar Bhanwala told PTI.

Demonetisation: Jugaad start-ups find a convenient solution to long queues at ATMs

Demonetisation: Jugaad start-ups find a convenient solution to long queues at ATMs

Thu, Nov 24, 2016

These innovative start-ups have emerged during the demonetisation process to ease the troubles of people facing the cash crunch.

Shaktikanta Das says more initiatives to ease cash crunch, 82,000 ATMs recalibrated

Shaktikanta Das says more initiatives to ease cash crunch, 82,000 ATMs recalibrated

Wed, Nov 23, 2016

Department of Economic Affairs Secretary, Shaktikanta Das, on Wednesday spoke of the new initiatives taken by Reserve Bank of India (RBI) and the government to help smooth the ongoing battle of a cashless society on account of demonetisation.

Why to stand outside ATMs when you can withdraw cash at BigBazaar

Why to stand outside ATMs when you can withdraw cash at BigBazaar

Tue, Nov 22, 2016

The Mini ATM facility is similar to banks ATMs.

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