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Couple of weeks back I have published an article about the ATM usage. In that article I have written about the new changes announced by RBI for the transactions conducted in the ATM. Here this article, consolidate all the changes or rules announced related to ATM usage. Most of the customers has the thinking of [...]

Effective July 01, 2011 – RBI has sent a circular to all the banks in India to mandate the following rules on the ATM transactions: The permitted 5 free transactions per month at other Bank ATMs will include Financial as well as Non-Financial transactions. Here cash withdrawals comes under the financial transaction and Balance Inquiry, Pin [...]

It is common that we all get one hoax mail regarding the ATM machine says I just found out that should you ever be forced to withdraw monies from an ATM machine, you can notify the police by entering your Pin # in reverse. The machine will still give you the monies you requested, but [...]

Increasing number of fake notes in the system enforces RBI to introduce the fake note detectors in the ATMs across India. A group set up to complete this task on August 2008. It is because there is large number of fake notes in the circulation. The absolute number of counterfeit notes detected at bank branches [...]

RBI has announced that from April 1, 2009 onwards withdrawl on the other ATM centers would be free of charge. That means if you are the ICICI Bank customer, you can use the HDFC or any other bank’s atm to withdraw the money without any charge. Previously the charge is taken from the customer. Update: [...]

Thinking of changing your Bank because the ATM of that Bank is not near to your Office or Home ! Forget it , No more would you be bothered about where is the ATM of your Bank located. Come April 1st,2009 and you can withdraw money and do Balance Enquiry from any ATM irrespective of [...]

In this ablog I just want to mention one of the hoax e-mail received. The e-mail subject as follows: ICICI ATM card on danger! E-mail message as follows: ICICI ATM / Debit cards can be used at SBI ATMs to withdraw money and most shocking thing is, it does not ask for your PIN**. Even [...]