Page 2 - Atm

ATM service charges increase, to cost Rs 21 per transaction from Saturday

ATMs across banks are all set to increase service charges per transaction from Saturday, following an order from RBI and customers will have to Rs 1 more beyond permissible free transactions

ATM usage to become expensive from Jan 1: Here's why

Using ATMs beyond the permissible free transactions for cash as well as non-cash purposes will cost more from Saturday.

Cash will always grow, is linked to economic growth: CMS Info Systems chief

In a Q&A, executive vice chairman & CEO Rajiv Kaul dwells on the firm's business structure, growth plans and the future of the ATM industry

Starting October 1, RBI to levy penalty on ATMs that run out of cash

Penalty of Rs 10,000 per ATM will be levied in the event of a cash-out situation for more than 10 hours in a month

RBI hikes ATM interchange fee per transaction from Rs 15 to Rs 17

The increase comes after 9 years

Cash usage now at pre-demonetisation levels: CMS Info Systems report

The report stated that industries, such as logistics and jewellery, had seen the biggest increase in usage over the past two years

PhonePe to create world's biggest ATM network of 2 mn in India by year end

A week ago Sameer Nigam-led PhonePe launched its own ATM, a first of its kind service in India that enables neighbourhood stores to act as ATMs for PhonePe users

RBI, Home Ministry circulars on ATM security, logistics miss deadlines

Software upgrade of bank ATMs will be delayed

RBI asks banks not to count failed attempts in 'free ATM transactions'

Besides, use of ATMs for balance enquiry and fund transfers too should be not part of the free transactions facility given to a customer

Letter to BS: Banks, airlines are milking the consumer with one-sided laws

No one seems to worry about things that will make the life of an individual easier

Finding an ATM in India getting tougher despite dependence on cash

The number of automated teller machines in the country shrank in the past two years despite an increase in transactions, Reserve Bank of India figures showed

Banks to raise interchange fees for ATM operators by Rs 1.5 to Rs 2

The ATM industry has been lobbying for an increase of inter-change by Rs 3 to Rs 18

Banks vs ATM operators: NPCI recommends a hike in interchange fee

Interchange fee is the amount charged by ATM operators for every transaction

If 'bijli', 'paani' can be subsidised, why not cost of rolling out ATMs?

A whole raft of inter-connected contracts and deals in the industry will now have to be reworked

Beware! Using a relative's ATM card can be risky, remedy can be denied

The bank can declare a withdrawal by you as illegal and deny any remedy in case a problem arises

Rs 200-note recalibration: ATM operators see Rs 1.2-bn bounty on RBI diktat

The process will require an engineer to visit each ATM location and recaliberate one of the cassettes to accommodate the Rs 200 notes

Foreign bank ATMs fell 18% in 3 yrs due to closure of operations: Govt

As on June 30, 2017, Standard Chartered Bank had the highest number of branches

After Rs 2,000 note sans Gandhi image, MP ATM dispenses fake Rs 500 notes

Earlier on April 25, a resident of Sheopur received Rs 2,000 note without Gandhiji's image

Forgot your ATM pin? You may soon make payments with your fingerprints

If biometrics match, cardholder is successfully authenticated and transaction can then be approved

Beware! 3 out of 5 ATMs in India use outdated technology, prone to hacking

The worrying fact is cash loaders don't use the 'one-time combination' method, which is akin to OTP