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ATM transaction charges for other bank ATMs likely to change

Thursday, June 6, 2019, 12:58 PM

The charges you pay for using ATMs of other banks may change. The Reserve Bank of India (RBI) in today's monetary policy has announced the setting up of a committee to review the ATM interchange fee structure. This fee structure determines the charges you pay for using your ATM card at the ATMs of banks other than the issuing bank.
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Robbers flee with entire ATM machine in Delhi

Wednesday, March 20, 2019, 12:19 PM

Robbers in Delhi's Dwarka fled with the Corporation Bank's entire ATM, which contained around Rs.30 lakh, and covered the CCTV cameras with grease, police said on Tuesday. According to the police, the bank's security guard forgot to pull the ATM's shutter down. Meanwhile, the police is also investigating the role of bank staff, including the guard, in the incident.
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Mumbai: Two students arrested for ATM fraud of Rs 1 crore

Monday, February 4, 2019, 12:35 PM

Two college students, Rajasthan's 19-year-old Asif Khan and Haryana's 21-year-old Asmat Khan, were arrested in Mumbai for allegedly cheating over 10 banks of Rs 1 crore. The duo used to switch off ATM machines seconds before they dispensed money. After withdrawing the cash, they claimed that the money was debited from their accounts despite incomplete transactions and demanded refunds from banks.

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