Tag: ATMs

Tired of standing in long bank queues? Here are 8 services to avail using ATM

50% ATMs in India may shut down by March: CATMi

Mumbai, Nearly 50 per cent of the Automated Teller Machines (ATMs) may be shut down by March 2019 due to unviability of operations, hitting hard both urban and rural population, the Confederation of ATM Industry (CATMi) warned on Wednesday. Currently, India has approximately 2,38,000 ATMs, of which around 1,13,000 ATMs[Read More…]

New Rs 100 note brings worry to ATM operators

New Rs 100 note brings worry to ATM operators

Earlier this week, Reserve Bank of India (RBI) announced launching a new series of 100-rupee notes. However, the move has brought along a fresh headache for the major companies engaged in the manufacture and supply of Automatic Teller Machines (ATMs) in the country. Like the new post-demonetisation Rs 2,000, Rs[Read More…]

Rs 200 notes to hit market by Deepawali

Rs 200 notes to hit market by Deepawali

The finance ministry had given the go-ahead to print Rs 200 notes in July. It was also said that the Rs 2,000 were no longer being printed in a bid to push more of the Rs 200 notes into the market. Rs 200 note will be smaller in size and[Read More…]

No transaction charges on debit card payments, says government

The government on Wednesday said no transaction charges will be levied on debit cards till December 31. All public sector banks and some private sector ones have agreed to waive the transaction cost for all payments made through debit cards, Economic Affairs Secretary Shaktikanta Das told reporters in New Delhi.[Read More…]

ATM now means ‘Aayega Tab Milega’, says Mamata

After leading a march of opposition parties to Rashtrapati Bhawan on Wednesday, West Bengal Chief Minister Mamata Banerjee said now common people have to wait for cash to arrive in ATMs, which was initially meant to dispense cash whenever a user needed it. “Initially ATM meant ‘All time Money’ now[Read More…]

Goa government employees demand salary in cash

Goa government employees have demanded that their salary for the current month be paid in cash rather than be deposited in bank accounts, considering the difficulties faced to withdraw money. Goa Government Employees Association (GGEA), in a written communication to Chief Minister Laxmikant Parsekar, said, “to make the withdrawal of[Read More…]

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