| ATMs should be stand-alone | 16-OCT-09 |
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| The freedom that bank customers have been enjoying since April, in using any bank’s automatic teller machine, to withdraw cash without incurring any charge is about to end. Banks will now be free to levy a charge for withdrawals beyond five per month and also impose a ceiling of Rs 10,000 on individual withdrawals. Banks are, however, free to continue with the current regime and at least one bank has decided to do so, seeing a competitive business advantage in making the offer. So long as the reimposed restrictions are not excessive, they will not be irksome and may even be considered as useful in imposing some discipline among customers. The new rules are in response to banks’ complaint that customers were using the free third-party facility excessively (too many withdrawals in small amounts), thus imposing a not insignificant cost on banks. |
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| NCR to open 3,800 ATMs for SBI | 29-SEP-09 |
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| NCR today announced that it has secured an order for the sale of 3,800 ATMs, as well as a seven-year ATM services contract, from State Bank of India (SBI). |
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| South Indian Bank to set up ATMs at IOC pumps | 19-SEP-09 |
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| South Indian Bank (SIB) has signed an Memorandum of Understanding(MoU) with Indian Oil Corporation (IOC) to set up ATMs at retail filling stations of the latter across India.Under the agreement, signed at Kochi yesterday, SIB would initially set up ATMs at 17 retail outlets of IOC. |
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| Hughes to connect around 3,000 ATMs of SBI | 14-SEP-09 |
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| Hughes Communications, a provider of broadband satellite and managed network services, bagged contract worth Rs 22.5 crore to deploy a network of 2,880 VSATs for State Bank of India (SBI) to connect its off-site ATMs across the country. |
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| Euronet to set up global development centre in Pune | 05-APR-09 |
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| Even as firms take a relook at their expansion strategy, Nasdaq listed Euronet is setting up its global development centre in India. The centre in Pune will start with 50 people and will grow to 150 people in a couple of years. Euronet provides services and solutions for electronic payment, ATMs and also has presence in card outsourcing. |
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| Smart ATMs all set to woo clients | 27-NOV-08 |
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| ATMs in India may soon get more intelligent and behave like tellers at bank branches. ATM technology major NCR Corporation has developed the concept of intelligent deposits. |
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| Bank strike hits ATMs too | 26-SEP-08 |
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| Public sector bank operations across the country were paralysed for the second day in a row as over one million employees stayed away from work. |
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| Tax payments through ATMs in pipeline | 29-AUG-08 |
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| The Income Tax Department is planning to allow tax payment through ATMs, set up call centres to deal with queries and automatically update the address for Permanent Account Number by copying it from |
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