Topic: ATM
RBI: Cardless cash withdrawal facilities at all ATMs
The Reserve Bank of India (RBI) has directed all banks, ATM networks, and White Label ATM Operators (WLAOs) to provide their customers with the option of Interoperable Card-less...
What are Prepaid Payment Instruments?
The Reserve Bank of India recently made three main changes to the Prepaid Payment Instruments. What are Prepaid Payment Instruments? The Prepaid Payment Instruments or PPI are means...
National Common Mobility Card – Update (December, 2020)
On December 28, 2020, PM Modi launched the National common Mobility Card. The National Common Mobility Card will allow passengers with RuPay debit card to be swiped for...
What is National Common Mobility Debit (NCMC) card of Karnataka Bank?
Karnataka Bank Ltd. has launched the National Common Mobility Debit (NCMC) card. It is the first-ever contactless debit-cum-prepaid Rupay Card of the bank and is an inter-operable transport...
Finance Minister announces Festival Advance scheme, LTC Cash Voucher Scheme
On October 12, 2020, the Finance Minister Nirmala Sitaraman Announced the Special Festival Advance Scheme and LTC Cash Voucher Scheme. The schemes were launched to boost the demand...
RBI extends authorization issued to Vakrangee to own and operate WLA
The Reserve Bank of India (RBI) has extended the validity of authorization issued to IT service management company Vakrangee, to setup, own and operate the White Label ATMs...
Cardless Cash Withdrawal from ATM launched by ICICI Bank
Mumbai based India’s leading Private sector multinational bank, ICICI bank has launched a card-less cash withdrawal facility for its customers from its ATMs on Tuesday, 21st January 2020....
RBI Sets up Committee to Review ATM Charges
The Reserve Bank of India (RBI) has set up a committee under VG Kannan, Chief Executive Officer of the Indian Banks’ Association for giving a fillip to ATM...RBI eases norms for Basic Savings Bank Deposit Accounts
The Reserve Bank of India (RBI) has eased the norms for the Basic Savings Bank Deposit Accounts. New Facilities Issuance of Cheque Book which may/may not be priced....
Financial Literacy Week 2019
The Reserve Bank of India (RBI) is observing Financial Literacy Week 2019 from June 3-7 on the theme of “Farmers”. The theme aims to highlight how farmers can...
