ATM

In Gannavaram town of Andhra Pradesh, police arrested two Bangladeshis, trying to steal an ATM, near Apsara theatre. On August 22 night, a six-member gang, allegedly from the West Bengal-Bangladesh border were trying to steal an ATM but was suspected by a constable who was patrolling. While two were arrested, four members managed to escape. The police furthermore, informed the Bangladesh embassy and launched an operation to nab the absconding… read-more

The RBI has mandated using of UPI for cardless withdrawal of money across all ATMs, on April 8. The decision was taken to boost customer convenience and lessen cases of fraud. ''It is proposed to enable customer authorisation through the use of Unified Payments Interface (UPI) while settlement of such transactions would happen through the ATM networks,” stated RBI Governor.  The RBI will soon issue guidelines for the same.

The Reserve Bank of India (RBI) has directed all banks and White Label  ATM operators to ensure timely replenishment of ATMs to avoid cash-outs and inconvenience to the public. A penalty of Rs 10,000 will be imposed on failing to do so. According to the new rule, "cash-out at any ATM of more than 10 hours in a month" will be subjected to the penalty.

The Reserve Bank of India on June 10 revised the limits for ATM cash withdrawals. Customers are now allowed up to five free transactions in a month, from their own bank ATMs. Withdrawals from other bank ATMs will be free for the first three transactions in metro centres and first five transactions in non-metro centres. Crossing transaction limits will attract charges of Rs 21 per transaction, which will come into effect from January 1, 2022… read-more

ICICI Bank has announced that it will charge Rs 50 from its customers for cash deposits through ATMs from November 1. The convenience fee will apply when the deposits are made during non-working hours or bank holidays and, also, if the amount exceeds Rs 10,000 per month. However, the charges will not be applicable to Jan Dhan accounts, basic savings account and accounts of students, senior citizens and handicapped.