Tag: ATM
Banks to be penalised for non-availability of Cash in ATMs – RBI directions Monitoring of Availability of Cash in ATMs. RBI introduces Scheme of Penalty for non-replenishment of ATMs RBI has made a review of downtime of ATMs due to cash-outs. It was found that ATM operations affected …
Free ATM transactions not to include failed transactions due to technical reasons – RBI RBI has taken note that banks are including transactions that have failed due to technical reasons, non-availability of currency in ATMs, etc., in the number of free ATM transactions and charging fee on excess …
No Cash display boards in ATMs-recent increase in demand for currency which led to high ATM usage attributable to seasonal and structural issues No Cash display boards in ATMs The Minister of State for Finance told Rajya Sabha today that the Government is aware of the newspaper reports that …
Government assures supply of currency notes to ATMs to meet unusual spurt in demand Government reviews the currency circulation in the country Government and RBI have taken all steps to meet unusual demand of the currency Adequate reserves of currency to meet the rising demands Non Functional ATMS to be …
ATM operating agencies-companies by Public Sector Banks. Total ATMs for Scheduled Commercial Banks as on June 30, 2016 is 201334 ATM operating agencies/companies by Public Sector Banks Banks have been permitted outsourcing of financial services vide circulars dated November 3, 2006 and March 11, 2015 on ‘Guidelines on …