Tag Archives: ATM

Usage of ATMs – Free ATM transactions – Clarifications

By | August 23, 2019

RBI/2019-20/41 DPSS.CO.PD No. 377/02.10.002/2019-20 August 14, 2019 All Scheduled Commercial Banks including Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks / Small Finance Banks / Payment Banks / White Label ATM Operators Madam / Sir, Usage of ATMs – Free ATM transactions – Clarifications Please refer to… Read More »

White Label ATMs (WLAs) in India – Review of Guidelines

By | March 12, 2019

White Label ATMs (WLAs) in India – Review of Guidelines RBI/2018-19/138DPSS.CO.OD.No.1916/06.07.011/2018-19 March 7, 2019 The Chairman and Managing Director / Chief Executive OfficerAll Scheduled Commercial Banks including RRBs /Urban Co-operative Banks / State Co-operative Banks /District Central Co-operative Banks /Authorised ATM Network Operators /Card Payment Network Operators /White Label ATM Operators Madam / Dear Sir,… Read More »

Banks to have 10% ATMs for Dispensation of Rs.100 banknotes exclusively

By | November 3, 2016

Dispensation of Rs.100 denomination banknotes through exclusive ATMs RBI/2016-17/106 DCM (CC) No.1170/03.41.01/2016-17 November 02, 2016 The Chairman & Managing Director / Chief Executive Officer, All Banks Madam / Dear Sir, Dispensation of Rs.100 denomination banknotes through exclusive ATMs Please refer to our circular DCM (CC) G-10/3352/03.41.01/2015-16 dated May 5, 2016 on the Currency Circulation and… Read More »

EMV Chip and PIN cards enabled ATMs

By | May 27, 2016

RBI/2015-2016/413 DPSS.CO.PD.No./2895/02.10.002/2015-2016 May 26, 2016 The Chairman and Managing Director / Chief Executive Officers All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks/ Authorised ATM Network Operators / Card Payment Network Operators/White Label ATM Operators Madam / Sir, ATMs – Security and Risk Mitigation Measures… Read More »

limit on ATMs Transactions

By | March 8, 2016

ATM Transactions As per present guidelines of Reserve Bank of India (RBI), from November 1, 2014, banks are mandated to offer minimum five free transactions per month in own bank ATMs and three in other bank ATMs in six metro centres (Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad). In non-metro centres, minimum five free… Read More »

All about ATM /White ATM (Automated Teller Machine )

By | February 1, 2016

updated on 29/01/2016 Q.1. What is an Automated Teller Machine (ATM)? Ans 1. Automated Teller Machine is a computerized machine that provides the customers of banks the facility of accessing their account for dispensing cash and to carry out other financial & non-financial transactions without the need to actually visit their bank branch. Q.2. What… Read More »

Mobile Banking Registration through ATMs

By | December 19, 2015

RBI/2015-16/269 DPSS.CO.PD.No./1265/02.23.001/2015-2016 December 17, 2015 The Chairman and Managing Director / Chief Executive Officers All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks / White Label ATM Operators Madam /Dear Sir Mobile Banking Transactions in India – Operative Guidelines for Banks – Customer Registration for… Read More »

ATM Questions and Answers

By | August 11, 2015

ATM’S  Q. 1. What is an Automated Teller Machine ( ATM )? Ans1. Automated Teller Machine is a computerized machine that provides the customers of banks the facility of accessing their account for dispensing cash and to carry out other financial & non-financial transactions without the need to actually visit their bank branch. Q.2. What… Read More »