ATMs News

RBI To Withdraw Rs 500 Currency Notes: RBI had decided that all banks and White Label ATM Operators (WLAOs) must ensure their ATMs regularly dispense Rs 100 and Rs 200 denomination banknotes.  

Bank Holidays In January 2025 In India: The Reserve Bank of India (RBI) has yet to release its official list of bank holidays for the year.  

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. 

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.

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.

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.

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.

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

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

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

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

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.

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.

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.

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. 

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.

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.

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.

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.

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.