Starting in 2025, EPFO subscribers can withdraw their provident fund (PF) directly from ATMs. Know how this seamless feature works, its benefits, and the Ministry of Labour’s plans to modernise social security in India.
Thieves in Kerala exploited a glitch in SBI ATMs to withdraw cash using stolen ATM cards. In this scam, the real victim was not the cardholders, but SBI.
According to Delhi Fire Services (DFS) official, there were no casualties in the incident, however, a portion of the bank and an ATM were gutted in the fire.
Cash Deposit Machine: Customers can deposit money in their bank account through Cash Deposit Machine or Automated Deposit cum Withdrawal Machine.
With technological advancement, the banking sector has also adapted the smart money extraction process. Here, you will not need an ATM card to extract the money from the ATM. Here are a few secured ways to extract money from the ATM.
The sensational incident of thieves attempting to break open an ATM machine using a car was captured on CCTV.
Presently, the UPI ATM is accessible through the BHIM UPI app, with plans to integrate it into other apps like Google Pay, PhonePe, and Paytm.
In another breakthrough, UPI ATM, showcased at the Global Fintech Fest in Mumbai, allowed cardless cash withdrawals.
Apart from dispensing cash, the White Label ATMs (WLAs) offer services including regular bill payment, cash deposit, account information, PIN Change and cheque book requests.
This unique ATM machine was launched on December 3 in Hyderabad. This is India's first as well as the world's first real-time Gold ATM.
An offence under sections 380 (theft) and 511 (attempt to commit offence) 427 (mischief causing damage) of the IPC has been registered on Wednesday night following a complaint, the station house officer of Bhiwandi town police station said.
Many money-related developments are expected from January 2022. From ATM fees becoming costlier to new guidelines on bank lockers. Here are some key regulatory and operational changes that are likely to come into effect from 2022.
HDFC Bank, in its complaint, alleged that in all 66 attempts were made to access the internet banking of the account.
AIMIM president Asaduddin Owaisi said that in the last seven years, Muslims were considered only an ATM for votes. Today the secular leader of every political party is trying to project himself as a big Hindu leader. Watch Muqabla with Ajay Kumar on India TV.
The Mego ATM is also enabled with AEPS biometric where people can check their balance and transfer money directly from one source to another. This is an innovation under the PMJD Yojna and Atma Nirbhar Bharat Yojna, an initiative by the RBI which has allowed white label ATMs to fintechs.
Unidentified thieves blew up an ATM at Pimpri-Chinchwad and took the money, police said. Meanwhile, the blast was extremely horrific. The shutters of the ATM were broken and the premises was shaken by the sound of the explosion.
RBI has allowed the banks to hike the fee charged on cash withdrawal beyond the permitted free ATM transaction limit from Rs 20 to Rs 21.
The new service charge will be Rs 15 plus GST for each transactions. The service charge levied for non-SBI bank ATMs is also Rs 15 plus GST.
An automated teller machine near Pollachi, 60 km from here, was gutted in a fire that broke out while a miscreant was trying to open it with a gas cutter early Friday, police said.
A fire broke out at an Automated Teller Machine (ATM) installed at a petrol pump in Mumbai.
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