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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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Stranded trucks, unpaid workers: India Inc counts cost of cash crunch

Stranded trucks, unpaid workers: India Inc counts cost of cash crunch

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.

Demonetisation: Decision-a-day betrays lack of preparedness

Demonetisation: Decision-a-day betrays lack of preparedness

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.

Demonetisation effect: Cash withdrawal at POS to be Rs 2000 across all centres

Demonetisation effect: Cash withdrawal at POS to be Rs 2000 across all centres

Sat, Nov 19, 2016

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.

No plan to reissue Rs 1,000 note, ATMs being recalibrated: FM Jaitley

No plan to reissue Rs 1,000 note, ATMs being recalibrated: FM Jaitley

Thu, Nov 17, 2016

The Finance Minister also said that 22,500 ATMs would be re-calibrated on Thursday.

Banks still grapple with huge rush, most ATMs run dry

Banks still grapple with huge rush, most ATMs run dry

Thu, Nov 17, 2016

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.

Demonetisation: RBI to set up task force for recalibration of ATMs

Demonetisation: RBI to set up task force for recalibration of ATMs

Mon, Nov 14, 2016

As per RBI, re-calibration of ATMs involves multiple agencies – banks, ATM manufacturers, NPCI, Switch Operators.

Demonetisation aftermath: Rs 3 lakh crore collected so far

Demonetisation aftermath: Rs 3 lakh crore collected so far

Mon, Nov 14, 2016

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.

ATMs will be re-calibrated with new Rs 500, Rs 2,000 notes within 2 weeks: Arun Jaitley

ATMs will be re-calibrated with new Rs 500, Rs 2,000 notes within 2 weeks: Arun Jaitley

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.

Demonitisation aftermath: Chaos grows, queues get longer at banks, ATMs on weekend

Demonitisation aftermath: Chaos grows, queues get longer at banks, ATMs on weekend

Sat, Nov 12, 2016

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.

Notes Exchange Facility: Here are key things you should know

Notes Exchange Facility: Here are key things you should know

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.

Demonetisation: Axis says debit card usage jumps 35%

Demonetisation: Axis says debit card usage jumps 35%

Fri, Nov 11, 2016

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.

Stocks slide, ATMs run dry after India rupee shock

Stocks slide, ATMs run dry after India rupee shock

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.

ATMs to remain shut on Nov 9 & 10 as banks replace old currency notes

ATMs to remain shut on Nov 9 & 10 as banks replace old currency notes

Wed, Nov 09, 2016

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.

Cap on withdrawals from ATMs is a policy decision: RBI to Delhi HC

Cap on withdrawals from ATMs is a policy decision: RBI to Delhi HC

Sun, Nov 06, 2016

RBI was responding to a public interest litigation (PIL) filed by advocate Swati Aggarwal.

Debit Card Fraud: Sebi plans greater push to secure marketplace from cyber risks

Debit Card Fraud: Sebi plans greater push to secure marketplace from cyber risks

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'.

RBI asks banks to upgrade ATMs to prevent cloning of debit and credit cards

RBI asks banks to upgrade ATMs to prevent cloning of debit and credit cards

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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