The country's largest lender SBI will limit cash withdrawals from ATMs to Rs 20,000 per day for certain card holders from 31 October
India Post Payments Bank goes live with Aadhaar-based account facility, doorstep delivery of services; all you need to know
Narendra Modi launched India Post Payments Bank (IPPB), which is aimed at strengthening financial inclusion by taking banking services to the unbanked rural areas.
While launching the India Post Payments Bank, Narendra Modi said banks and banking services will now be available at every person's doorstep.
SBI said that out of 59,521 ATMs, 41,386 have been recalibrated and an amount of Rs 22.50 crore was spent on this work
ATM body urges RBI to correct fee structure to curb losses, says meeting central bank's directive will hike costs
CATMI says the latest Reserve Bank of India's (RBI) direction to reconfigure cash vending machines will increase their cost by at least 25 percent
Windows XP “and other unsupported operating systems” have RBI's concern since the last one year.
Amid cash crunch, Income Tax Department seizes Rs 14.48 crore from hoarders during raids across India
The Income Tax Department (ITD) has seized Rs 14.48 crore in cash during raids at multiple locations, including in poll-bound Karnataka
Cash crunch: SBI doubting 'genuity' of problem is illogical; the currency shortage is not a made-up story
SBI's stand on the cash crunch disregards ground realities. The bank's economists are probably playing to the government's tune.
Cash crunch: How the Narendra Modi government and RBI imposed a currency crisis on Indians post demonetisation
Post demonetisation, the growth in currency in circulation has not kept up with the growth in India's nominal GDP.
Presently, all banks charge a fee of Rs 15 for each cash and Rs 5 for all non-cash transactions from each other for use of their ATMs by other banks' customers -- which is recovered from the (user) customers -- beyond the five minimum free transactions.
Several parts of Andhra, Telangana, Madhya Pradesh, Bihar, Uttar Pradesh, Punjab and Chhattisgarh and poll-bound Karnataka have been reporting cash shortages at ATMs.
ATMs run out of money across country: As Opposition attacks govt, Arun Jaitley calls cash crunch 'temporary'
Serving as a stark reminder of the months after demonetisation, ATMs across the country reportedly ran out of cash, with banks putting up notices stating their ATM kiosks are not functioning
ATMs go dry nationwide: Delay in recalibration of cash vending machines for Rs 200 notes led to cash crunch, say sources
The drive to recalibrate ATMs following introduction of Rs 200 notes was soon started but got delayed in some parts of the country.
Empty ATMs: No clear reason given for cash crunch but Centre says RBI will ensure adequate supply of currency notes
While it is difficult to trace any specific reason for such massive cash withdrawals this year, analysts say that concerns over the health of banking system has also triggered savers to withdraw cash.
Andhra Pradesh ATMs run dry: Chandrababu Naidu asks Centre for immediate transfer of Rs 5,000 crore cash
N Chandrababu Naidu has requested the Centre to immediately send currency notes amounting to Rs 5,000 crore to the state as ATMs there are facing cash shortage.
US ATM manufacturers issue a warning about 'jackpotting'; a hacking tool that forces ATMs to spit out cash
Diebold Nixdorf’s alert described steps that criminals had used to compromise ATMs. They include gaining physical access and replacing the hard drive.
In 3-4 years, financial transactions on phones to replace ATMs, debit and credit cards: Niti Aayog CEO Amitabh Kant
Kant said that India is the only country in the world with billion biometrics and as many mobile phones and bank accounts and therefore, in future, it will be the only nation which will make a lot of disruptions.
The multi-function ATMs will have innovative features like face recognition and biometrics and will facilitate customers in transferring money and depositing cash and cheques.
The multi-function ATMs will have innovative features like face recognition and biometrics and will facilitate customers in transferring money.
Rs 3.58 lakh stolen from the ATM of a nationalised bank by an unidentified person using a skimming device
According to the bank, an unidentified person wearing a mask and a cap was seen standing outside its ATM in Kalwa area between 7 and 9 September.