Tag Archives: atm

All Bank Cash Withdrawal ATM Limits Removed

After more than four months of agony and anxiety over demonetisation, the Reserve Bank of India on Monday removed the restrictions imposed on bank ATM withdrawals, bringing the situation back to pre-November 8, 2016 period. The ban on old Rs.500, Rs,1000 Notes was imposed on Novemebr 8, 2016 that led to monetary choas and huge business loss for the country ...

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Move Over RBI, Banks on Their Own Now Ban Exchange for 1 Day

Neither the country’s central bank, nor the government could stop the banks from choosing their own course of action in the midst of currency crisis being faced in the country. On their own volition, banks under Indian Banks’ Association on Friday said that all banks will serve only their own customers for one day and will not exchange the old ...

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There’s Enough Cash with RBI, Says Govt; Exempts Court Fee, Co-op Store Purchases, Toll Plazas

Following hue and cry over the shortage of new currency in banks and ATMs, the government said on Friday that the payment of old and demonetised notes will be allowed now even in court fee, consumer cooperative stores with ID proof, utility bill payment, and toll plazas. While cancelling the legal tender character of the existing series of high denomination ...

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Unprecedented Cyber Bank Robbery of $1 billion divides experts

Security experts were split over the severity of the alleged “unprecedented cyber robbery” and the amount of cash stolen, following a Russian computer security firm’s report that hackers have stolen $1 billion from nearly 100 banks since 2013, a media report said Monday. Russian computer security firm Kaspersky Lab estimated that $1 billion has been stolen in the attacks, which ...

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