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RBI bats for cardless cash withdrawal at ATMs of all banks

The Reserve Bank on Thursday asked banks to provide the option of Interoperable Card-less Cash Withdrawal (ICCW) at their ATMs, a move aimed at curbing frauds like skimming, card cloning and device......

RBI to penalise banks for non-availability of cash in ATMs from Oct 1

Concerned over the inconvenience caused to the public due to the non-availability of cash in ATMs, the Reserve Bank has decided to penalise banks for failure to timely replenish currency notes in......

Withdrawal limit from ATMs hiked to Rs 4,500/day from January 1

The RBI notification said there is no change in weekly withdrawal limits and such disbursals should predominantly be in the denomination of Rs 500 In a relief to common man, the Reserve Bank said......

Cabinet allows automatic FDI route for white label ATMs

The Cabinet on Wednesday permitted 100 per cent foreign direct investment (FDI) under the automatic route for white label ATM operations, a move that is aimed at promoting financial inclusion.......

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