Ever since ₹2000 notes came into circulation in India, several claims have been galore. ATMs ceasing to dispense ₹2000 notes is the most common claim that rises from the dead every now and then.
Amid coronavirus pandemic, the government has announced lockdown across 80 districts, including 16 districts, of Uttar Pradesh. The government has also suspended all non-essential services, including Railways, Metro till March 31. To simplify things for you, IndianTV News has compiled a list of services and facilities that will be functional and suspended during the lockdown.
As Yes Bank depositors rush to ATMs on Friday to withdraw cash a day after it was put under a moratorium, security at its branches, ATMs, headquarters across Mumbai was tightened to avert any untoward incident. The RBI has capped a withdrawal limit of Rs 50,000 as Yes Bank's faces capital crunch.
Customers will no longer be able to withdraw Rs 2,000 currency notes from Indian Bank ATMs as the bank has decided to load more of 200 rupee notes in its machines. The bank from March 1, 2020, stopped loading and dispensation of Rs 2,000 notes in its ATMs
A majority of ATMs in Bihar, Uttar Pradesh, Madhya Pradesh, Gujarat, Andhra Pradesh and Telangana have gone dry, forcing the people run from one ATM to another in search of cash.
Niti Aayog CEO Amitabh Kant on Saturday said that debit and credit cards as well as ATMs will be redundant in next three-four years and people will use their mobile phones for financial transactions.
Hundreds of ATMs across India's tech hub remained shut for the second day due to possible virus attack by WannaCry ransomware and cash crunch, said a bank official on Tuesday
People said that they have been withdrawing large amounts from the ATMs as some banks are levying a transaction fee after every four withdrawals. This is perhaps leading to the ATMs quickly running out of cash.
Railways will offer major platforms across the country for installing over 2000 ATMs besides reaching out to big names from the advertising world for spaces in trains, level crossings and areas along tracks.
As currency printing presses and the Reserve Bank of India have not been able to keep up with the demand of new currency notes, restrictions on withdrawal of cash from banks and ATMs are likely
A top ranking government official has said that restrictions on the existing cash withdrawal limit will start easing once 80 per cent of the new currency introduced following the demonetisation is back into banking system through deposits.
With three-day bank holiday starting today and a majority of ATMs still not functioning, the cash crunch in the country may escalate further leaving residents high and dry for want of cash during the weekend.
Almost 85 per cent cash dispensing machines have been recalibrated by November 30 to fit the new notes, Parliament was informed on Friday. "Till November 30, a total of 179,614 ATMs have been recalibrated. There
The effect of demonetisation was today at its worst in Punjab. An impatient crowd of cash-hungry people had gathered outside a private bank in Budhlada town and started to force their way inside the branch.
Aggravated over "No Cash" messages displayed outside banks and ATMs, residents of east Delhi started to worship ATM machine, praying that it dispenses some cash. The unique worhip was organised in east Delhi's Jagatpuri area,
As micro-ATMs and POS counters registered a sharp surge in usage post demonetisation, customers, bankers and traders have been cautioned against skimming and malware attacks on these systems. CERT-In, country's premier cyber security agency, has
The government’s push towards a cashless society and curtailing the use of physical currency in the country could hit ATM businesses in India. Experts believe ATM players may find their business in a flux in
The enormous cash crunch continues to cause more pain to people as shortage of cash forced banks to ration withdrawals and down shutters early as the supply of notes failed to keep up with the increasing demand.
Public sector oil companies have announced that cash will be dispensed at 2,500 petrol pumps across the country by using credit or debit cards on Point of Sale (POS) machines.
In an attempt to make the country’s two lakh ATMs attuned to deliver new currency notes to the long queues, about 12,500 ATMs are being recalibrated every day to dispatch new Rs 500 and Rs 2,000 notes.
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