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ATM REPLENISHMENT CHARGES
ATMs hungry, but not for more cashMany Indians face empty ATMs despite ample cash in circulation. This is due to serious disruptions in cash movement. UPI's rapid rise and i...- ATM cash loaders demand more money to cover increasing expensesCash logistics firms are urging banks for higher ATM replenishment fees due to escalating operational costs. Soaring fuel prices and increa...
- RBI says reviewing ATM outage circular after bank’s feedbackET was the first to report in its September 9 edition that lenders had approached the RBI seeking relaxation in its scheme citing issues of...
- Banks urge RBI to relax rules on ATM cash-outsBanks have requested the Reserve Bank of India to give relaxation on its recent guidelines on ATM cash replenishment whereby the regulator ...
- RBI to impose penalties on banks for failing to ensure cash availability at ATMs“It has been decided that the banks and White Label ATM Operators (WLAOs) shall strengthen their systems and mechanisms to monitor availabi...
- You can soon deposit cash at any ATMNPCI is pushing top banks to make cash deposit too an interoperable feature at their ATMs and branches.
- Why they say half of ATMs will shut down by March next yearATM is certainly not a growing business. That only adds to the problem of bearing the regulatory cost.
- RBI’s new cash management norms hike banks’ costsUnder the new norms, lenders must ensure that they engage service providers and their sub-contractors with a net worth of at least Rs 100 c...
- ATMs go dry on demand-supply mismatchWithdrawals at pre-demonetisation levels as customers revert to cash payments; ATM operators say only 50% of their currency demand being me...
- 7 ways some bankers may be gaming the system to launder new money post cash banFinance Minister Arun Jaitley said unscrupulous people including some in the banking system were trying to accumulate large amounts of cash...
- Demonetisation: Insurers make a killing as surge in demand boosts cash carrying companies' work orderInsurers are charging 2-3 times premium to hike cover for the companies carrying almost double the cash now as compared to a week ago.
- Govt's 10 key decisions to help people after teary-eyed Modi made an emotional appealFrom separate queues for senior citizens, to activating more post office branches, here are 10 important decisions taken by the government.
- Banks to remain open for public transactions over the weekendThis move came in as a result of PM Modi allowing public to exchange or deposit their old Rs 500 and Rs 1,000 note in exchange of new ones.
- Banks like SBI, ICICI go all-out to extend support to customers in flood-hit ChennaiSBI announced that it would not charge any fines on late payment or no payment of EMI for November and December for home, car and personal ...
- Customers facing hardships in transactions as banks brace for ATM fee switchReserve Bank of India said that from November 1, banks will be free to charge a fee if a customer transacts more than five times a month at...
- IBA panel suggests steps to improve ATM securityOne of the key suggestions is to set benchmarks for companies that carry cash from banks for replenishing ATMs.
- State Bank of India may slow hiring in next few yearsAccording to SBI MD, the bank will try to maintain the employee strength at current levels even as it keeps expansion programmes in mind.
- ATMs empty as bank stir sparks higher withdrawalsSituation is likely to worsen today. Although pvt banks are not participating, banking functions have been hit as PSBs control 70% of ops. ...
- Banks stock up ATMs with cash ahead of long weekendSBI, ICICI Bank and Axis Bank plan to keep control of the situation by stocking up extra cash at ATMs and will monitor them on a 24x7 basis...
- Your ATM transactions may cost a lot less soonRBI proposed that current charges for cash withdrawals from third-party ATMs should be capped at Rs 20 per transaction, from Mar 31, 2008. ...
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