Restriction on third party ATM withdrawal While answering to a question in Parliament on 25th Nov 2014 regarding the reduction of number of free withdrawals from other banks ATMs. The Minister of State for Finance Shri Jayant Sinha said, the decision was taken by Reserve Bank of India in view of the Indian Banks’ Association’s … Read more
Reduction of Other ATM Free Transactions from 5 to 3 Per Month As per the instruction given by the Rerserve Bank of India, the following revised directions with effective from November 01 2014… Taking into account the high density of ATMs, bank branches and alternate modes of payment available to the customers, the number of … Read more
Post Office ATM – India’s first PO-ATM opened at Chennai India’s first Post Office Automated Teller Machine installed and inaugurated by Finance Minister yesterday at Chennai, Tamil naud. According to media news, four more ATM’s are ready for operation and the ATMs weree installed by Infosys.