atm

"These people might have Jan Dhan or MGNREGA bank accounts, but they do not know how to withdraw money or don't have ATM cards. They need our help now more than ever." #CoronaWarriors

As on 16 March 2020, The RBI changed rules for debit/credit cards. Here’s how they will impact you.

First and foremost, contact your bank and block your debit card immediately.

Did you know that the first ATM machine in India was set up by HSBC in Mumbai in 1987?

Thanks to Rehana Shaikh's efforts, a regular offender who had duped seven other people earlier is now behind bars. Kudos to her!

Although the account will remain operational even if you do not complete the linking, the net banking access will be curtailed.

An EMV Chip technology is the latest global standard for Debit Card payments. This technology features Debit Cards with an embedded microprocessor chip that stores and protects cardholder data. This is a much more secure technology as compared to the magnetic stripe variant of cards.

Armed with smartphones and biometric scanners, the postman may soon don the role of part-time bankers for India's poorest!

As per the new Standard Operating Procedures (SoPs) by the Home Ministry, two armed guards will have to accompany the currency in transit.

A Cash Recycling machine, unlike a regular ATM, performs a dual function. It helps real-time banking by not only dispensing but also accepting/depositing cash. It automates manual cash management, thus reducing the manual labour of bank staff members.