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India's Currency Paradox: Cash Is King But Why ATMs Are Drying Up
After peaking at over 2.19 lakh machines in FY23, the number of ATMs has steadily declined to about 2.09 lakh in FY26.
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Aadhaar Enabled Payment System (AePS) Explained: What It Is, How It Works, Features and More
National Payments Corporation of India (NPCI) introduced the Aadhaar Enabled Payment System (AePS) in 2016 as a new method for direct benefit transfers from the government to the citizens, plugging leakages in the system. AePS, a “bank-led model”, is claimed to bring people living in underserved parts of the country into the fold of the formal ...
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16 Accounts, Fake Gold Loans: Telangana Bank Manager's Rs 1.80 Crore Fraud
Bank manager in Telangana's Medak allegedly secured fake gold loans worth Rs 1.8 crore and diverted deposits
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SBI ATM Turns Into Hair Salon In Patna, Internet Reacts
A local shopkeeper said many youngsters even visit just to click pictures and make videos.
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Rs 95 Crore Foreign Funding Trail Exposed, Maoist Links Under Probe
Investigators found points to a meticulously designed system to bypass India's financial regulations using foreign-issued debit cards to withdraw massive amounts of cash from ATMs across the country.
-
New ATM Rules From April 1: What Bank Customers Need To Know
Indian banks including HDFC Bank and Punjab National Bank will implement revised ATM rules from April 1, impacting withdrawal limits, transaction charges and UPI-based cash access.
-
Surat Man Wanted To Withdraw Rs 10,000. ATM Glitch Gave Him Rs 3 Lakh
What started as a simple attempt to withdraw Rs 10,000 from an ATM in Gujarat's Surat has turned into one of the costliest cashdispensing errors for a bank in recent times.
-
ATM Cash-Loading Staff Siphon Off Rs 1.38 Crore In Bengaluru
More than Rs 1 crore intended for ATM deposits was allegedly siphoned off by employees of a cash-loading company in Bengaluru.
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He Attended Course On Cybercrime, Then Went On To Loot Hyderabad ATM
A man from Andhra Pradesh who came to Hyderabad to attend a cybercrime course was arrested for stealing cash from ATMs using the techniques he learned during the training.
-
Robbers In Bengaluru Pose As RBI Officers, Loot Crores From Cash Van
In a major daylight robbery in Bengaluru, a group of armed men posing as RBI officers interepreted an ATM cash-loading vehicle near the Ashoka Pillar and looted worth crores of rupees.
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NPCI Enhances UPI Payments with Biometric, Wearable Glass Verification
NPCI and RBI unveiled several initiatives to advance India’s digital payments ecosystem on Tuesday. NPCI launched on-device biometric authentication for UPI, allowing fingerprint or face unlock for transactions up to Rs. 5,000, and Aadhaar-based face authentication for setting or resetting UPI PINs. UPI Lite now supports payments via wearable sma...
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Man Gets Electric Shock While Withdrawing Money From ATM, Injures Hand
A man received an electric shock while withdrawing money from an Automated Teller Machine (ATM) in Tamil Nadu's Kancheepuram on Sunday, triggering panic.
-
Andhra Techie Invested Rs 1.74 Crore In Fake Apps, Cybercrime Gang Busted
The Anantapur police in Andhra Pradesh have arrested a five-member gang and seized a substantial haul of cash and electronic devices linked to a sophisticated online investment fraud.
-
Australia Limits Crypto ATM Transactions to AUD 5,000 in Bid to Curb Scams, Money Laundering
The Australian Transaction Reports and Analysis Centre (AUSTRAC) has enforced a deposit and withdrawal limit of AUD 5,000 (roughly Rs. 2.78 lakh) on transactions processed via crypto ATMs. The agency highlighted that elderly individuals are purchasing cryptocurrencies via cash -- with many falling prey to notorious scams and fraudulent schemes.
-
ATM Cash Withdrawals To Cost More From Today, Check New Charges
The Reserve Bank of Indian (RBI) has announced that starting today, May 1, customers will be charged a maximum fee of Rs 23 per transaction for ATM banking services.
-
India's Currency Paradox: Cash Is King But Why ATMs Are Drying Up
After peaking at over 2.19 lakh machines in FY23, the number of ATMs has steadily declined to about 2.09 lakh in FY26.
-
Aadhaar Enabled Payment System (AePS) Explained: What It Is, How It Works, Features and More
National Payments Corporation of India (NPCI) introduced the Aadhaar Enabled Payment System (AePS) in 2016 as a new method for direct benefit transfers from the government to the citizens, plugging leakages in the system. AePS, a “bank-led model”, is claimed to bring people living in underserved parts of the country into the fold of the formal ...
-
16 Accounts, Fake Gold Loans: Telangana Bank Manager's Rs 1.80 Crore Fraud
Bank manager in Telangana's Medak allegedly secured fake gold loans worth Rs 1.8 crore and diverted deposits
-
SBI ATM Turns Into Hair Salon In Patna, Internet Reacts
A local shopkeeper said many youngsters even visit just to click pictures and make videos.
-
Rs 95 Crore Foreign Funding Trail Exposed, Maoist Links Under Probe
Investigators found points to a meticulously designed system to bypass India's financial regulations using foreign-issued debit cards to withdraw massive amounts of cash from ATMs across the country.
-
New ATM Rules From April 1: What Bank Customers Need To Know
Indian banks including HDFC Bank and Punjab National Bank will implement revised ATM rules from April 1, impacting withdrawal limits, transaction charges and UPI-based cash access.
-
Surat Man Wanted To Withdraw Rs 10,000. ATM Glitch Gave Him Rs 3 Lakh
What started as a simple attempt to withdraw Rs 10,000 from an ATM in Gujarat's Surat has turned into one of the costliest cashdispensing errors for a bank in recent times.
-
ATM Cash-Loading Staff Siphon Off Rs 1.38 Crore In Bengaluru
More than Rs 1 crore intended for ATM deposits was allegedly siphoned off by employees of a cash-loading company in Bengaluru.
-
He Attended Course On Cybercrime, Then Went On To Loot Hyderabad ATM
A man from Andhra Pradesh who came to Hyderabad to attend a cybercrime course was arrested for stealing cash from ATMs using the techniques he learned during the training.
-
Robbers In Bengaluru Pose As RBI Officers, Loot Crores From Cash Van
In a major daylight robbery in Bengaluru, a group of armed men posing as RBI officers interepreted an ATM cash-loading vehicle near the Ashoka Pillar and looted worth crores of rupees.
-
NPCI Enhances UPI Payments with Biometric, Wearable Glass Verification
NPCI and RBI unveiled several initiatives to advance India’s digital payments ecosystem on Tuesday. NPCI launched on-device biometric authentication for UPI, allowing fingerprint or face unlock for transactions up to Rs. 5,000, and Aadhaar-based face authentication for setting or resetting UPI PINs. UPI Lite now supports payments via wearable sma...
-
Man Gets Electric Shock While Withdrawing Money From ATM, Injures Hand
A man received an electric shock while withdrawing money from an Automated Teller Machine (ATM) in Tamil Nadu's Kancheepuram on Sunday, triggering panic.
-
Andhra Techie Invested Rs 1.74 Crore In Fake Apps, Cybercrime Gang Busted
The Anantapur police in Andhra Pradesh have arrested a five-member gang and seized a substantial haul of cash and electronic devices linked to a sophisticated online investment fraud.
-
Australia Limits Crypto ATM Transactions to AUD 5,000 in Bid to Curb Scams, Money Laundering
The Australian Transaction Reports and Analysis Centre (AUSTRAC) has enforced a deposit and withdrawal limit of AUD 5,000 (roughly Rs. 2.78 lakh) on transactions processed via crypto ATMs. The agency highlighted that elderly individuals are purchasing cryptocurrencies via cash -- with many falling prey to notorious scams and fraudulent schemes.
-
ATM Cash Withdrawals To Cost More From Today, Check New Charges
The Reserve Bank of Indian (RBI) has announced that starting today, May 1, customers will be charged a maximum fee of Rs 23 per transaction for ATM banking services.
