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With banks opening millions of accounts and issuing the home-grown ‘RuPay’ debit cards under the Pradhan Mantri Jan Dhan Yojana, the ATM network in the country could see a ramp-up from the current 1.82 lakh to three lakh in the next one-and-a-half years.

Reason: debit card acceptance infrastructure needs to be created so that they can be used for transactions such as withdrawal of money and remittance.

The Reserve Bank of India has allowed operators of white label Automated Teller Machines (ATMs) to accept international credit, debit and prepaid cards. It also also eased rules for cash supply tie-ups at these.

A while label ATM (WLA) is operated by a non-bank entity; customers from any bank may withdraw money from these, for a fee.

A network of innovative water ATMs is all set to make a splash in Bengaluru. With significant groundwater depletion and contamination over the years, these ATMs could bring respite to citizens reeling under water scarcity.

Known locally as water ATMs, the dispensers use pre-paid smart cards, allowing people to fill containers up to 20 litres for Rs 5 only. Similar units have proved to be a big success in Bangalore Rural, which is perennially plagued by water shortage.

Have you ever thought that India could have health ATMs? Yes, you heard it right. Health ATMs, with a stock of drugs and other medical essentials, can soon become a reality in rural parts of India with some state governments mulling setting up such kiosks through the public-private partnership mode.
The Pradhan Mantri Jan-Dhan Yojana (PMJDY) is turning out to be an opportunity to the slowing ATM (automated teller machine) industry to more than double its network to 3 lakh machines in two years. It is also turning out to be a huge challenge as ATM deployers are seeing a plunge in transaction volumes, causing leading private banks like HDFC Bank and Axis Bank to go slow on machine deployment. 

Banking consumers will have to pay more if they are prolific with ATM transactions as State Bank of India (SBI) and its private sector peers HDFC Bank and Axis Bank have capped the free usage in six metros at three.

The capping and additional fees on excess usage come following a recent circular by the Reserve Bank of India allowing banks to limit the number of free ATM transactions to five - three in the largest six cities and two elsewhere - a month.

Using ATMs to withdraw money or for other purposes like balance enquiry beyond five times in a month will attract a levy of Rs 20 per transaction from Saturday.

As per the Reserve Bank's new guidelines that comes into force from Saturday, bank customers in six metros — Delhi, Mumbai, Chennai, Kolkata, Hyderabad and Bangalore — are allowed to withdraw money and/or carry out non-financial transactions like mini-statements at ATMs of banks, where they hold saving/current accounts, free of charge only five times a month.

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