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No charges now! Withdrawing cash from ATMs of other banks by debit cards? Good news for you

No charges now! Withdrawing cash from ATMs of other banks by debi...

Wed, Mar 25, 2020

It's a good news for those who withdraw cash from the ATMs of other banks!

Coronavirus: Big ATM cash, minimum balance, Income Tax, GST, PAN, Aadhaar announcements made by Modi government- All details here

Coronavirus: Big ATM cash, minimum balance, Income Tax, GST, PAN,...

Tue, Mar 24, 2020

Coronavirus outbreak: From ATM cash, minimum balance, Income Tax, GST Return, PAN, Aadhaar, IBC, and corporate affairs, here are key announcements:-

Going to Banks ATM? Here is what banks have been told to provide to account hoders in Raj

Going to Banks ATM? Here is what banks have been told to provide...

Fri, Mar 20, 2020

Additional Chief Secretary Rohit Kumar Singh directed the bank managers to ensure round the clock deployment of security guards at the kiosks.

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As cash crisis hits India, ATM body flays new RBI norms for cash handling

As cash crisis hits India, ATM body flays new RBI norms for cash handling

Thu, Apr 19, 2018

The RBI has insisted that the vans should be monitored live with geo-fencing mapping with the additional indication of the nearest police station in the corridor for emergency and ATM operations should be carried out only by certified personnel who have completed minimum hours of classroom learning and training among others.

ATMs in India: Here are the numbers by the months

ATMs in India: Here are the numbers by the months

Wed, Apr 18, 2018

Number of ATMs in February 2018: 2,21,687 - Congress party activists stage a protest against cash crunch as most of the ATMs are either not working or running out of cash in Bhopal on Wednesday. (Image source: PTI)

ATM cash crisis: Check out the story by the big numbers, from Rs 500, Rs 2,000 to Rs 23 lakh crore

ATM cash crisis: Check out the story by the big numbers, from Rs 500, Rs 2,000 to Rs 23 lakh crore

Wed, Apr 18, 2018

Government has decided to increase printing of Rs 500 notes by five times to bring relief to public from the cash crunch. Govt prints about 500 crore of notes per day.

ATM cash crunch: This is whom govt is blaming for currency crisis

ATM cash crunch: This is whom govt is blaming for currency crisis

Wed, Apr 18, 2018

To meet the unprecedented demand, the government is planning to step up supply of cash in the banking system. RBI, which used to print Rs 500 crore to Rs 2,500 crore worth of 500-rupee notes every day, will now be printing Rs 7,000 to Rs 7,500 crore to meet the rising demand. The fivefold jump in printing Rs 500 notes comes after economic affairs secretary Subhash Chandra Garg said that the government suspects that Rs 2,000 notes are being hoarded as they are not coming back into the circulation fast enough.

Cash crunch at ATMs hits public, government vows to print more notes

Cash crunch at ATMs hits public, government vows to print more notes

Tue, Apr 17, 2018

In a bid to tackle the "unusual" currency demand, the government has also decided to increase printing of Rs 500 notes by five times. Taking stock of the situation the Reserve Bank of India (RBI) said there is sufficient cash in the RBI vaults and currency chests.

ATMs in Telangana, Andhra Pradesh; run out of cash; Maharashtra, Kerala to the rescue

ATMs in Telangana, Andhra Pradesh; run out of cash; Maharashtra, Kerala to the rescue

Fri, Mar 30, 2018

SBI alone has 2,200 ATMs in these two states, of which 1,500 are operated and maintained by the bank, and 700 are maintained by third parties with the cash being supplied by SBI. However, only 1,400 to 1,500 of its ATMs are operational, said the report.

Banks yet to pay CITs Rs 25 crore for note ban period, says CLA

Banks yet to pay CITs Rs 25 crore for note ban period, says CLA

Wed, Dec 13, 2017

The Cash Logistics Association (CLA) Secretary General U S Paliwal said that these companies provided additional services for evacuating old Rs 500 and Rs 1,000 notes from ATMs across the country and recalibration of about 1.5 lakh ATMs to dispense new notes of Rs 2,000 and Rs 500.

Before 'anti-black money' day another ATM dispenses fake Rs 2000 note

Before 'anti-black money' day another ATM dispenses fake Rs 2000 note

Tue, Nov 07, 2017

Before the country observes the one year anniversary of demonetisation on November 8 another case of fake notes being dispensed from an ATM has been noted.

Does typing ATM pin backwards really calls the police? Find out

Does typing ATM pin backwards really calls the police? Find out

Thu, Jun 22, 2017

As the government is pushing for digital payments and people are opting for debit/credit cards, it is high time that banks do come out with security measures.

State Bank of India's revised service charges effective from June 1; find out what they are

State Bank of India's revised service charges effective from June 1; find out what they are

Thu, Jun 01, 2017

SBI introduces service charges right from cash withdrawal from ATMs to usage of solid or imperfect notes. State Bank Buddy customers to now Rs 25 on every cash withdrawal from ATMs.

Nearly 90% banks delayed payments to ATMs; cash logistics firms await unpaid bills of Rs 110 crore

Nearly 90% banks delayed payments to ATMs; cash logistics firms await unpaid bills of Rs 110 crore

Thu, Apr 06, 2017

Liquidity crunch at ATMs has sparked the memory of demonetisation days however cash logistics firms allege that in the process of recalibration, unpaid bills from banks has amounted to Rs 110 crore, a report by The Indian Express said on Thursday.

Banks look to charge withdrawals as cash crunch eases

Banks look to charge withdrawals as cash crunch eases

Thu, Mar 02, 2017

Prime Minister Narendra Modi-led Government is foucssed on making India a less-cash society. In this bid, the government has taken many initiatives to promote digital currency and dissuade citizens from using cash. The latest step in this direction is banks charging customers for withdrawing their own cash.

Got fake notes from an ATM? Here's what you need to do

Got fake notes from an ATM? Here's what you need to do

Wed, Feb 22, 2017

It may not be your fault when you come across counterfeit notes but the law may not be so kind. State Bank of India (SBI)’s ATM in Delhi’s South Sangam Vihar allegedly dispensed fake Rs 2,000 notes on February 6 from ‘Children’s Bank of India.’

Railways offer platforms for setting up over 2,000 ATMs

Railways offer platforms for setting up over 2,000 ATMs

Sun, Jan 08, 2017

Eyeing about Rs 2,000 crore annually from non-tariff sources, Railways is all set to reach out to big names from the advertising world for spaces in trains, level crossings and areas along tracks besides offering major platforms for installing over 2000 ATMs.

85% ATMs recalibrated till November 30

85% ATMs recalibrated till November 30

Fri, Dec 09, 2016

"Till November 30, a total of 179,614 ATMs have been recalibrated. There are 211,594 ATMs of scheduled commercial banks and 14,324 white label ATMs in the country according to September 30 data," Minister of State for Finance Santosh Kumar Gangwar told the Lok Sabha in a written reply.

India's demonetisation drive hitting budget preparations

India's demonetisation drive hitting budget preparations

Fri, Dec 09, 2016

PM Modi's decision to demonetise higher denominations to curb black money may now disrupt 2017 budget preparations.

Almost 90% ATMs re-caliberated but cash crunch still prevails

Almost 90% ATMs re-caliberated but cash crunch still prevails

Thu, Dec 01, 2016

Nearly 90 % of the 2 lakh ATMs deployed across the country have been re-calibrated to dispense the new 500 and 2,000 rupee notes, says a key maker of the machines even as millions of people continue to face acute cash shortages in the aftermath of demonetisation last month.

Demonetisation aftermath: No charges on ATM transactions till December 30

Demonetisation aftermath: No charges on ATM transactions till December 30

Tue, Nov 15, 2016

In yet another move to lessen woes of people facing cash crunch, the RBI directed banks to waive ATM charges on all transactions done by savings bank customers till December 30.

RBI told banks to recaliberate ATMs with Rs 100-notes before demonetisation

RBI told banks to recaliberate ATMs with Rs 100-notes before demonetisation

Mon, Nov 14, 2016

In anticipation of the huge demand for lower currency notes, ahead of the demonetisation move, the Reserve Bank of India (RBI) had asked banks to set up Automated Teller Machines which dispensed only Rs 100 notes.

Banknotes ban effect: Transactions via RuPay cards nearly doubled

Banknotes ban effect: Transactions via RuPay cards nearly doubled

Fri, Nov 11, 2016

National Payments Corporation of India (NPCI) on Friday said “RuPay usage on Point Of Sale (PoS) / e-Commerce was around 8 lakh transactions a day compared with a daily average of 4 lakh transactions earlier. The value of transactions almost doubled.”

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