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MICRO ATM WITHDRAWALS
Airtel Payments Bank to install 1.5 lakh micro ATMs this fiscal"Micro ATMs will be rolled out in a phased manner. Initially, the bank will place 1,50,000 units in Tier II cities and semi-urban regions. ...- Kotak Mahindra Bank launches Micro ATMs across IndiaCustomers of all banks who possess a debit card can use a Kotak Micro ATM for key banking services such as cash withdrawals and checking ac...
- Suryoday Bank decides to shut down own ATMs, the first domestic lender to do soThe small finance bank is now formulating a strategy where it would offer its customers 5-7 transactions free per month when they use the A...
- From UPI to cash, almost all payment modes see decline in MayThe National Payments Corporation of India’s UPI, IMPS and FASTag, and the Reserve Bank of India’s NEFT and RTGS, which is used by business...
- Aadhar payment systems gathers steam, trumps ATM withdrawalsWith less than a quarter of the 2.3 lakh ATMs deployed in rural areas in the country, account holders are growing increasingly comfortable ...
- Meghalaya provides micro ATM to business correspondent agentsIn June this year, the MSRLS had signed an MoU with MRB to roll out the BCA project whereby 84 Self Help Groups (SHGs) who were functioning...
- PayNearby launches own micro ATMs at retail shopsThe Confederation of ATM industry (CATMi) has announced its plans to shut down nearly 50 per cent of ATMs due to high maintenance cost of s...
- Micro ATMs a big hit in rural India, transactions in May touch 33.5 millionWith an annual growth rate of 150% since 2016, the Aadhar-Enabled Payments Channel (AEPS), which falls under the broader category of micro-...
- Aadhaar authentication to withdraw LPG subsidy at micro-ATMs to continue: UIDAIAs per the verdict of the Supreme Court, Aadhaar can be used in direct benefit transfer schemes under Section 7 of the Aadhaar Act.
- Arunachal Pradesh State Cooperative Apex Bank to launch 200 micro-ATMsMicro ATM is a mini version of an ATM with modified point of sales terminals. This terminal can connect to banking network via GPRS to perf...
- Facilitators want ATM fee to stayIn a letter addressed to the Reserve Bank of India and the finance ministry, the Business Correspondents Federation of India has asked the ...
- Big banks plan 90% cut in fees for micro ATMsMove to cut intercharge fees will make business unviable for institutions that have taken banking to villages thereby rendering a big blow ...
- Budget 2017: FM may give sops to PoS, micro ATM makersAccording to sources, the government may cut or eliminate excise duty on manufacturing of micro ATMs, finger print readers, biometric cards...
- Meenakshi Energy brings in micro ATMs to help villagers overcome cash crunchThis initiative, under the CSR was aimed at addressing the problems of villagers, workers and employees and help them withdraw cash conveni...
- Demonetisation: Banks to deploy micro ATMs to aid cash strapped weaversBanks will deploy micro ATMs at handloom-handicrafts clusters so that weavers and artisans are not inconvenienced and can withdraw cash to ...
- Centre wants ration shops to become micro ATMsThe remaining fair price shops are supposed to be fitted with ePOS machines by 2019, creating the biggest possible addition to micro ATM ne...
- Government to deploy over 2 lakh micro-ATMs to facilitate disbursement of new currencyThe government in a statement said that a large number of micro-ATMs will be deployed across the country to facilitate the disbursement of ...
- India Post to approach RBI for interoperability of its ATMs by year endOfficials in the department of posts said they will soon approach the RBI to obtain a nod on the proposal to make the ATMs interoperable by...
- HDFC Bank to roll out ‘micro-ATMs’ across IndiaMicro-ATMs are capable of even biometric verifications using Aadhaar, including instant e-KYC for customers.
- Banks, Unique Identification Authority to deploy 14 lakh micro ATMs across the countryWhile the banks will authorize the transaction, the authentication will be done by UIDAI by biometric association with its database.
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