ATM: GK, Current Affairs, Questions, Trivia and News

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. The facility will be available throughout the day, across all ICICI Bank ATMs, which count to nearly 15000 across the country. For availing the card-less service, the ..

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 deployment in unbanked areas. Terms of Reference for the Committee Reviewing the existing structures and patterns of costs, charges and interchange fees for ATM transactions. Reviewing the ..

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. Allowing deposit of cash at bank branch as well as ATMs/CDMs without imposing any limit on the number and value of deposits that can be made in ..

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 benefit from being a part of the formal banking system. About the Initiative The Financial Literacy Week of RBI aims to promote awareness on key topics every ..

Skimming and ATM Data Theft

Skimming is a method used to capture information from a cardholder by the by identity thieves through Skimmer. A skimmer is a device designed to look like a card insertion slot at an ATM and is used for undertaking data thefts. How does Data theft happen? The skimmers cannot be usually spotted by an untrained ..

Spain hosts World ATM Congress (WATMC-2018)

The World ATM Congress (WATMC-2018) was held at Feria de Madrid in Spain from March 6 to 8. It is the world’s largest international air traffic management (ATM) exhibition and conference attracting thousands of delegates each year. In it, the Airports Authority of India (AAI) participated and showcased its achievements and initiatives.