NEWS & ADVICE : CREDIT CARDS
RBI permit banks to install ATMs offsite
By Ankit Sharma
Jun 16, 2009
Print    Email    RSS   

The financial regulator, the Reserve Bank of India has authorised the scheduled commercial banks to install ATM machines at their discretion at site they consider apt, without seeking its formal permissions.

Prior to this approval, the banks could install the ATM machines without the permission of the regulator only at their respective branches or extension counters.

The move is in coherence with the statement made by the bank in its annual policy for the current year-"Permits Scheduled Commercial Banks to install off-site ATMs at centres/places identified by them, without having the need to take permission from the Reserve Bank in each case," as the statement said.

Under the new directive, the banks are however required to submit the details of the off-site installation in the ‘terms of general permission' to the respective regional offices. The central bank also reserves the right to issue any directions regarding the such off-site installations, including shifting or movement of any such machine.

RBI has also asked the banks which provide cash deposit facility at the ATMs, to take necessary steps to protect the interests of both, the customers and the banks. These include security measures like password access and identification of depositor, when forged or defective notes are found.

Earlier, the regulator had asked the banks to adopt additional security measures for online debit and credit card transactions.

With increased use of the ATM machines, banks have been reconsidering branch expansion. Banks have been working towards expansion of ATM networks to earn more revenue through increased ATM usage.

 


(Comments Posted : 14) Post Your Comments
1. elhlynpi, viagra on line, [url="http://www.carputer.it/member.php?u=11864"]viagra on line[/url], http://www.carputer.it/member.php?u=11864 viagra on line, goaqivmf, levitra italia, [url="http://www.sportal.it/forum/member.php?u=1065"]levitra italia[/url], http://www.sportal.it/forum/member.php?u=1065 levitra italia, pdqgmvdy, viagra vendita libera, [url="http://www.carputer.it/member.php?u=11871"]viagra vendita libera[/url], http://www.carputer.it/member.php?u=11871 viagra vendita libera, gldovjri, viagra costo, [url="http://www.hwupgrade.it/forum/member.php?u=334480"]viagra costo[/url], http://www.hwupgrade.it/forum/member.php?u=334480 viagra costo, bhredscu,
cialis za zene (Posted: Aug 7, 2009)
2. ocqkenip, viagra costo, [url="http://www.carputer.it/member.php?u=11864"]viagra costo[/url], http://www.carputer.it/member.php?u=11864 viagra costo, jucduaeh, viagra costo, [url="http://www.hwupgrade.it/forum/member.php?u=334480"]viagra costo[/url], http://www.hwupgrade.it/forum/member.php?u=334480 viagra costo, vqwazxbh, viagra, [url="http://www.gamesforum.it/board/member.php?u=64013"]viagra[/url], http://www.gamesforum.it/board/member.php?u=64013 viagra, xqmnjlle, kamagra italia, [url="http://www.gamesforum.it/board/member.php?u=64019"]kamagra italia[/url], http://www.gamesforum.it/board/member.php?u=64019 kamagra italia, gzojgikp,
viagra costo (Posted: Aug 6, 2009)
3. rvblifvx, acquistare kamagra a san marino, [url="http://www.carputer.it/member.php?u=11878"]acquistare kamagra a san marino[/url], http://www.carputer.it/member.php?u=11878 acquistare kamagra a san marino, oospdpib, viagra generico, [url="http://www.carputer.it/member.php?u=11864"]viagra generico[/url], http://www.carputer.it/member.php?u=11864 viagra generico, rcvvqroh, kamagra su internet, [url="http://www.sportal.it/forum/member.php?u=1067"]kamagra su internet[/url], http://www.sportal.it/forum/member.php?u=1067 kamagra su internet, ywhkjcnw, levitra composizione, [url="http://www.gamesforum.it/board/member.php?u=64016"]levitra composizione[/url], http://www.gamesforum.it/board/member.php?u=64016 levitra composizione, mgrcasxh,
viagra galenico (Posted: Aug 6, 2009)
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
ICICI Bank reassures customers of their...
Carnival of Indian Personal Finance Blogs #6
Effect of employment on loan eligibility...
Best airline rewards credit cards in...
Personal Loan Vs. Cash advance from credit...

I am karsanbhai bachubhai varsani.why my nameis in...
I would like to know my name listed in credit card...
Cvv sell-Cvv sell-Cvv sell-Cvv sell-Cvv sell-Cvv...
can i check my cibil status online
can i check my cibil status online
my name listed in cibil

NEWS THIS WEEK
CIBIL and 31 microfinance institutions unite to set credit bureau Mar 19, 2010
‘Loan against gold’- a new scheme launched by Mahindra Mar 19, 2010
LIC targets half million credit card sales next year Mar 18, 2010
Credit card woes pose as never ending pain Mar 17, 2010
IT and banking tie wedlock: PNB to open IT subsidiary Mar 16, 2010
News Archive