Mumbai ATM Scams: ICICI Bank Secures Rs 9.5 Lakh Recovered from International Scam

10 Nov 2024

In a recent court decision, ICICI Bank was granted permission to claim over INR 9.51 lakh recovered from three Romanian nationals involved in widespread ATM fraud. The decision, issued by a sessions court, overturned an earlier ruling by the metropolitan magistrate court in Kurla, Mumbai, which had denied the bank’s...

RBI Introduces UPI Cash Deposits At ATMs, No Debit Card Needed

31 Aug 2024

The Reserve Bank of India (RBI) has introduced a new feature allowing cash deposits at ATMs via Unified Payments Interface (UPI), eliminating the need for physical debit cards. This UPI Interoperable Cash Deposit (UPI-ICD) service was launched by Deputy Governor T. Rabi Sankar at the Global Fintech Fest 2024 in...

Watch: Thieves Use Ropes to Steal ATM, Police Recover How Much?

27 Jun 2024

In a dramatic turn of events, a gang of four men managed to uproot an ATM machine in Maharashtra’s Beed district and flee the scene in a pickup truck. However, a swift response from the police resulted in a high-speed chase spanning over 61 kilometers, ultimately leading to the recovery...

Are Banks Facing A Major ATM Shortage In India? Complaints Filed With RBI And Government

19 Jun 2024

Indian banks have reported a significant shortage in the supply of automated teller machines (ATM) to the government and the Reserve Bank of India (RBI), according to sources cited by the Economic Times. This shortage is causing concern among bankers who are also seeking clearer procurement guidelines via the government...

India’s first Upgradable ATM introduced–Check here

28 Apr 2024

Hitachi Payment Services has introduced India's first Upgradable ATM, allowing it to be converted into a Cash Recycling Machine (CRM) whenever required by a bank, thus eliminating the need for a separate CRM. This transformation can be carried out at a bank branch or offsite location. The Upgradable ATM, manufactured...

ATM card swapping fraud: Delhi police arrest two wanted in cheating case

24 Mar 2024

The Delhi police arrested two individuals allegedly involved in a series of debit card swapping and online fraud incidents, including a recent case in South Delhi's African Avenue Road area. The suspects, identified as 24-year-old Md Sakim and 22-year-old Irfan, were apprehended by a team from the Special Staff near...