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Showing posts with label ATM. Show all posts
Showing posts with label ATM. Show all posts

Tuesday, December 20, 2016

Telangana hub : all the ATMs will be recalibrated for dispensing new currency notes this week

There are 8,482 ATMs in the state, of which 7,584 had already been recalibrated. Officials said that the remaining 898 ATMs are going to be recalibrated this week. The situation has improved drastically since the Reserve Bank of In dia (RBI) gave directions to banks to focus on recalibration of ATMs. The scene outside ATMs also seemed to be much better this week compared to the past few weeks.

"A few small banks in rural areas could not perform recalibration yet as it involves local expenditure, which maintenance vendors were not prepared to take up," V Tyagarajan, the state level bankers committee ( SLBC) chairman explained on Monday.

Bankers say that most ATMs are only dispensing 2,000 notes. "People are withdrawing only 500 and 100 notes from banks. So several of our ATMs are left with 2,000 notes only. We are hoping that RBI will send more 500 notes in the next remittance," a bank manager added.
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Friday, October 31, 2014

Pay for ATM

As per the RBI's new guidelines bank customers in six metros Delhi,Mumbai,Chennai,Kolkata,
Hyderabad and Banglore  are allowed to withdraw money and/or carry out non-financial transctions
 like mini-statements at ATMs of banks, where they hold saving/current accounts, free
of charges only five times a month, after that every transaction will be charged Rs.20.
FREE Usage of other bank ATMs is 3 only. This limitation is not apply on small/no-frills or
basic savings bank deposit account holders who will continue to enjoy five  free
transactions. At places other than the 6 metros the facility of 5 free transactions for
SB account holders will remain unchanged upon using other bank ATMs.

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