ATM Cash Withdrawal

higher cash withdrawal may cost more

The cash in circulation in the Indian economy has more than doubled since demonetisation

Cash dispensers reconfigure cassette with lower denominations

Withdrawing without debit or credit cards reduces chances of transaction failure due to wrong PINs, or lost or stolen cards; note, however, that very few banks offer UPI-based withdrawals currently

NPCI advised to facilitate Unified Payments Interface (UPI) integration with all banks and ATM networks.

Of the tad over 250,000 ATMs in India, nearly 35,000, or 14.58 per cent, are recyclers

Beware of keypad manipulation and heat mapping while using the ATM or PoS machine

ATMs to touch 365,000 by 2027, more in semi-urban, rural areas

Debit cards aren't just for the affluent--two-thirds of Indians use them. There is little reason not to track their use to predict economic growth

SBI will charge Rs 15 plus GST per cash withdrawal beyond 4 free cash withdrawals.

Retail payments fall 45%, card usage slips 57%

Close to 14.6 per cent (or 35,000) of the 240,000 ATMs in India are new-age recyclers, even though they have been around for only 3 years on the local landscape.

Customers are also facing trouble because net banking services are not working and some even complained that their credit cards are also not working

On September 23, the RBI had imposed regulatory restrictions on the PMC Bank for six months over alleged financial irregularities

In a notification, the Home Ministry said the new Standard Operating Procedures (SoPs) would come into effect from February 8, 2019

You could end up paying not just a steep rate of interest but a hefty cash advance fee as well. In several cases the cost of the loans exceeds 36% on an annualised basis

In 2014-17, growth rate in ATM additions declined 91 percentage points, card transactions rose 245%

The apex bank announced on Monday that withdrawal restrictions for ATMs will be eased from Feb 1

Withdrawal cap on current, cash credit and overdraft accounts lifted with immediate effect