ATM Articles

State Bank of India
January 2, 2020
OTP-based cash withdrawal across all SBI ATMs effective January 1

SBI’s OTP-based cash withdrawal facility will be applicable for transactions above Rs 10,000

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Point of sale cash withdrawal
September 1, 2019
RBI directs banks to enable cash withdrawals by cardholders at Points of Sale

India has only 18 ATMs per 100,000 people, which is way lower than China, which is at 63 ATMs per 100,000 people, as per FIS data.

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ATM charges India RBI
August 17, 2019
Banks can’t charge customers for failed ATM transactions; non-cash withdrawal transactions also not to be counted

Failed and non-cash withdrawal transactions cannot be counted as valid ATM transactions for the customer. No charges, therefore, shall be levied by a bank, says RBI

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