ATM Norms

Additionally, the RBI has said the ATM interchange fee will now be decided by the ATM network

The initial cause of low number of ATMS across India is linked to the "Make in India" guidelines introduced in FY20, which required vendors to establish operations in India, leading to a delay

Cash dispensers reconfigure cassette with lower denominations

ATM deployments had hovered between 225,000 and 235,500 units, before sniffing the 260,000-mark recently

Central bank had first issued show-cause; latest action follows company's response to the notice

Of the tad over 250,000 ATMs in India, nearly 35,000, or 14.58 per cent, are recyclers

Beware of keypad manipulation and heat mapping while using the ATM or PoS machine

ATM deployment has crossed 250,000 units, after hovering between 225,000 and 235,500 for almost five years

The RBI-regulated entities have to amend their contracts at the earliest or at the time of renewal, in any case not later than March 31, 2020

This additional factor of authentication will protect State Bank card holders from unauthorized ATM cash withdrawals, it said further

Software upgrade of bank ATMs will be delayed

In Maharashtra, people lost Rs 4.8 crore to bank fraud, while in Delhi people lost Rs 2.9 crore

Currency in circulation needs to be increased due to shift to cassette swap method