You are here: Home >> English News & Features >> BUSINESS & ECONOMY

Private-party ATMs to come up soon

DNMUM236491 | 2/15/2012 | Author : Vishwanath Nair | WC :283

  • Packaged Content
  • Private-party ATMs to come up soon

  • Note: Buying this story will also give you the same reproduction rights for these images, without any additional cost.

The Reserve Bank of India on Tuesday issued draft rules for 'white label' ATMs — to be set up by private service providers, and not owned or linked to any bank.
Customers of any bank can withdraw money from such ATMs, and the machines will display the charges that will be levied on transactions beforehand on their display screens.
But white-label ATM operators will not be entitled to any charges other than the interchange fee payable under the current system.
Currently, only the first five transactions in a month at ATMs not belonging to one's bank are free and all subsequent transactions are charged @Rs 20 per transaction. Customers can make any number of transactions at ATMs belonging to their bank.

Read full story

Copyright restricted. Under license from   
Add To Lightbox
Calculate Price


File belated returns for capital gains benefit
DNMUM441496 | 8/20/2019 12:00:00 AM | Author : Arvind Rao | WC :533

Section 54 of the Income Tax Act (‘the Act’) is clear in its provisions that if a taxpayer purchases a new house within two years (or constructs a new house within three years) from the date of a sale of an old house, a deduction shall be available t
Add To LightboxCalculate Price

How to invest intelligently and lower your risks
DNMUM441497 | 8/20/2019 12:00:00 AM | Author : Abeer Ray | WC :978

Saving your earnings in bank deposits is not enough to create wealth. Most financial experts advise making intelligent investments while being unable to explain the term in the context of every individual. This is because the understanding of inve

Add To LightboxCalculate Price

Sun Pharma, Jubilant likely to be in limelight
DNMUM441501 | 8/20/2019 12:00:00 AM | Author : Amit Gupta | WC :254

Bull market or bear market today? After three days of the bull dominant market, it is expected to remain bullish for the coming sessions as well. The major support level for Nifty is 10924. However, for today we can expect some consolidation in th

Add To LightboxCalculate Price

PV inventories near healthy levels, but CVs still a worry
DNMUM441502 | 8/20/2019 12:00:00 AM | Author : DNA Correspondent | WC :534

While passenger vehicle (PV) inventory across auto showrooms in India has come very close to the ideal levels, those of commercial vehicles (CV) and two-wheelers is still high, according to the latest data collated by Federation of Automobile Dealers
Add To LightboxCalculate Price