Page 4 - Atms

Access to cash from RBI doesn't improve viability of ATMs, say operators

Interchange is the rate charged by the ATM operator for every transaction

Parliament panel asks RBI to fix dysfunctional ATMs, install more machines

The panel also noted that RBI's remonetisation drive has not augmented/resolved the cash supply to ATMs in rural/semi-urban areas, forcing shutdown of many ATMs

Number of ATMs declined marginally to 200,070 in FY18: RBI report

The number of ATMs has declined marginally to 2.07 lakh in FY18 from 2.08 lakh in FY17, primarily due to branch rationalisation by a few public sector banks, the Reserve Bank said in its annual report Friday. Similarly, the number of operational on-site ATMs too came down to 1.06 lakh during the year from 1.09 lakh in FY17, while that of off-site ATMs increased to 1 lakh from 98,545. "In FY18, the number of ATMs of state-run banks declined to 1.45 lakh from 1.48 lakh in FY17," the RBI said in the 'Trends & Progress of Banking in 2017-18' report. However, private sector banks installed more ATMs taking their total number to 60,145 in FY18, up from 58,833 in the previous fiscal year, the central bank report said. The report said during the period between April 2018 and August 2018, the number of ATMs (excluding that of small finance banks and payment banks) declined further to 2.04 lakh, which it attributed to the increasing use of electronic means of payments. During .

New safety rules may close 50% of ATMs by March 2019: Industry association

Regulatory changes are making it unviable to operate ATMs, says industry body

New safety rules may force 50% ATMs in India to close: Industry association

This would severely impact millions of beneficiaries under the Pradhan Mantri Jan Dhan Yojana

ATMs go dry: PM gave our money to Nirav, says Rahul; RBI denies cash crunch

Several states are facing cash shortage despite currency flow in the economy going back to the pre-demonetisation level

Weekend, FY17 closing hit ATM cash-filling operations

SBI said the cash crunch problem was acute in Andhra Pradesh and Telangana

Hardship set to linger

Across the country, bank branches are unable to dispense the Rs 24,000 per-week withdrawal limit

Looking for an ATM that's working near you? This real-time site can help you

You can also update the situation of ATM you know by entering the landmark, bank name

Panic hoarding of Rs 100 notes as ATMs dry up fast

Chaos reigned outside banks and ATMs across the nation, while at least one death due to exhaustion was reported

Cash management agencies hope to normalise ATMs operations in 2 weeks

PM Modi had said there would be difficulties in the short term, but it would deliver good over the longer term

Cap on withdrawals from ATMs policy decision in public interest: RBI tells Delhi HC

RBI informed Delhi HC that ATM facility was made available with a view to reduce cash usage and increase electronic transactions

RBI says 1/3rd of ATMs non-functional, warns of penal action

Most banks complain that without adequate user fees, ATMs are a loss-making business for them