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RBI reviewing its norm on penalising banks dry ATMs
Central bank is studying feedback from lenders
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No sunset on ATMs
Suryoday SFB has decided to close its ATMs since most of its customers switched to UPI but all banks thinking on those lines would be a disaster
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Suryoday Bank to shut down ATMs from October 1
To ensure that customers are not affected by the move, it is considering increasing the number of free cash withdrawals available to them.
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These banks offer cardless cash withdrawal from ATM
Big and popular lenders are offering this facility and ATM’s have been technologically upgraded to dispense cash without a card.
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Here's how you can recover failed ATM transaction costs
All banks are instructed by the RBI to compensate extra if they fail to redress a failed ATM transaction within the deadline
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Dry ATM: Bread without butter
Though an ATM offers several services, cash dispensation is perhaps the most important for most users.
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ATM operators wary of RBI’s cash-out penalty
RBI circular that was sent out earlier this week stated that banks should undertake the task of monitoring the availability of cash in ATMs.
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RBI will penalise banks if ATMs go dry
ATMs: Lenders will attract fine if the machine remains ‘out of cash’ for a total of 10 hours in a month
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Digital savings account: Check these things first
More than 70% Indians are now inclined towards digital banking since the outbreak of Covid-19 pandemic
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Top-9 free benefits with a savings bank account
Debit card users are also eligible to get attractive free benefits from banks.
