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ATM Cards News

12 Apr 2021

CBI arrests MCD's Assistant Sanitary Inspector in bribery case

A case was registered against an Assistant Sanitary Inspector, for allegedly not paying a complete salary to the temporary staff working at MCD and used to take their ATM cards The CBI laid a trap and caught the Assistant Sanitary Inspector and a temporary staff of MCD while accepting the bribe amount from the complainant

20 Oct 2016

ATM breach: No need to panic, 99.5% of debit cards are safe, says govt

The Finance Ministry on Thursday said only about 0.5 percent of debit cards were compromised while the remaining 99.5 percent were safe adding that there was not need for need for banks and customers to panic.

20 Oct 2016

Debit cards risk: Our systems have not been breached, says MasterCard

Leading global payments and technology company Mastercard on Thursday assured its customers that its own systems have not been breached amid fears rising out of security breach with as many as 3.25 million debit cards in India.

26 May 2016

RBI asks banks to upgrade ATMs to prevent cloning of cards

RBI Thursday asked banks to upgrade all ATMs by September 2017 with additional safety measures to prevent skimming and cloning of debit and credit cards.

Cap on withdrawals

15 Apr 2015

Cap on withdrawals through ATM is policy decision: RBI tells HC

The Reserve Bank of India (RBI) on Wednesday told the Delhi High Court that putting a cap on the number of withdrawals by banking customers using their ATM cards without being charged, is a policy decision taken in public interest.

24 Dec 2014

HC questions RBI on cap on withdrawals through ATM

The Delhi High Court on Wednesday questioned Reserve Bank of India's decision to put a cap on withdrawals by banking customers using their ATM cards, saying account holders were being "unneccesarily taxed".

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