Simple finger print in HDFC as well as voice response system And ICICI selected br follows it. Maybe within a couple of months we will spread it all over. From home over the phone we can get cash to home . Only in an emergency ATM is needed; UPI transfer is the fastest; even banks" add payee" and allow the transfer of funds immediately except few banks which take some hours to add. . ATM is followed only in the lower level where cash alone deals for payment everywhere. I hardly pay cash to vendors, maybe 2%. Including my servants I do only bank transfers . Cardless thus avoids many hackings. KR IRS 131022
On Thu, 13 Oct 2022 at 13:17, 'gopala krishnan' via Sanathana dharma and science <[email protected]> wrote: > Sir, > A good addition. Have you done cashless withdrawal through ATM? If so > kindly detail the procedure for my information. I have seen button for > cashless withdrawal in Canara, SBI, HDFC and Bank of Baroda ATMs > Gopalakrishnan > > On Thursday, 13 October, 2022 at 10:00:23 am IST, Rajaram Krishnamurthy < > [email protected]> wrote: > > > RBI had proposed to allow interoperability in cardless cash > withdrawal transactions at all banks ‘ATMs using the UPI facility in its > monetary policy review meeting held in April 2022. The Reserve Bank of > India (RBI) has asked all banks to provide customers with the option of > Inter-operable Cardless Cash Withdrawal (ICCW) at their ATMs. "All banks, > ATM networks and WLAOs may provide the option of ICCW at their ATMs. NPCI > has been advised to facilitate Unified Payments Interface (UPI) integration > with all banks and ATM networks. While UPI would be used for customer > authorisation in such transactions, settlement would be through the > National Financial Switch (NFS) / ATM networks. The on-us / off-us ICCW > transactions shall be processed without levy of any charges other than > those prescribed under the circular on Interchange Fee and Customer > Charges," stated the RBI in a notification dated May 19, 2022. "Withdrawal > limits for ICCW transactions shall be in-line with the limits for regular > on-us / off-us ATM withdrawals. All other instructions related to > Harmonisation of Turn Around Time (TAT) and customer compensation for > failed transactions shall continue to be applicable," the notification > added. > > "At present, the facility of cardless cash withdrawal through ATMs > is limited only to a few banks. It is now proposed that cardless withdrawal > facilities be made available across all banks and ATMs networks using UPI. > In addition to enhancing the ease of transactions, the absence of the need > for physical cards for such transactions would reduce fraud such as card > skimming, card cloning etc.," said the RBI governor, Shaktikanta Das. To > encourage card-less cash withdrawal facility across all banks and all ATM > networks /operators, it is proposed to enable customer authorisation > through the use of Unified Payments Interface (UPI) while settlement of > such transactions would happen through the ATM networks. Separate > instructions would be issued to NPCI, ATM networks and banks shortly," > RBI's statement on Developmental and Regulatory Policies, released on April > 8, 2022 stated. Cardless cash withdrawals at banks Many banks at present > offer the facility of cashless card withdrawals at their own ATMs. > > According to HDFC Bank website, "Cardless cash withdrawal requests > can be initiated for a minimum of Rs.100 per transaction and up to a > maximum of Rs.10,000 per day or Rs.25,000 per month for a beneficiary (The > limits are subject to change as per regulatory guidelines. Who is eligible > to avail of the Cardless Cash Withdrawal facility? The Cardless Cash > Withdrawal facility can be initiated by any ICICI Bank Current Account > customer (sender) registered for Corporate Internet Banking (CIB) with > transaction access. The beneficiary may or may not be a Bank customer. In > case of bulk payments, customers need to be enabled for Bulk Cardless Cash > Withdrawal on CIB. What are the pre-requisites for using a Cardless Cash > Withdrawal transaction? To avail Cardless Cash Withdrawal service, you need > to be registered with ICICI Bank Corporate Internet Banking (CIB) with > transaction access. In case of bulk payments, customers need to be enabled > for Bulk Cardless Cash Withdrawal on CIB. To register for CIB or get > additional access of Bulk Cardless Cash Withdrawal, simply visit the > nearest ICICI Bank branch. KR IRS 131022 > > On Wed, 12 Oct 2022 at 19:12, 'gopala krishnan' via iyer123 < > [email protected]> wrote: > > AUTOMATIC TELLER MACHINE PART 2 > > *Continuing from part 1* > > *9. Collecting of PIN.* > > The earliest method of collecting PIN was either to collect from bank > or it was send separately. The card may come by post, but the PIN used to > come late by 3-5 days. > > *10. Changing to own PIN.* > > The first change in PIN was the customer could change the PIN to his own > choice. It was a big change. Customer could keep in mind and recollect > his own PIN. > > Later sending PIN got stopped. Pin had to be generated using ATM. Customer > had to keep ready his information, his account number and keep ready his > mobile. When account number and phone number are entered, system send a Pin > to mobile phone, and it had to be entered and then changed to own PIN. > > While this is most common procedure foreign banks still give direction to > create PIN through mobile or permit to continue old PIN while replacing > existing card. The total digits in PIN for Indian banks are four, while it > is six for foreign banks. I stand corrected if I am wrong. > > *11 ATM changes* > > While ATMs were introduced one had to swipe the card in the slot to open > the ATM room. It had a lot of problems and insertion of card to slot is > stopped in most ATM cabins. While ATMs were introduced due to lack of > familiarity a question was asked if customers took more time to operate *– > Do you want more time? If answered yes, more time was given. If answered > NO, the card was pushed out. This also is removed in present day ATMs. * > > First change was *touch screen* instead of pressing keys. Still in some > converted ATMs manual keys are given for options, along with touch screen > options. In some both works, in some touch screen only. > > While some ATMs push the cash, some keep the cash in a chest and hold > keeping the lid open. Once you take the cash fully, lid is closed. > > While swiping card in the slot was in vogue for a long period, a very > convenient one, some ATMs took more time to read the card and caused > difficulty. I recollect security staff often held the customers. Present > day all ATMs hold the card till the transaction finishes. > > *12. Change in style of functioning.* > > While most ATMs had English, the language of communication while > introducing, gradually, Hindi and local language has been introduced. The > introduction of local language is very convenient for those who know only > local language. > > From old type swiping card, chip card was introduced to eliminate culprit > transactions. Now culprit transactions are very much reduced but not > eliminated. Recently I heard a news item in Kerala, culprit keep a thin > rubber like item in the slot where card is introduced and creating frauds. > > While some ATMs first ask the PIN first, some collect all information and > finally the PIN. 99% cash might come and 1%, sorry, ATM is out of cash. > > *13. Recent changes in ATM* > > The upper limit per day for cash withdrawal is limited depends on the type > of account and type of card. More than 9000-00 rupee transaction, a pin > send to customer’s mobile has to be entered. The number of transaction by > the card in any ATM is limited. I think all ATMs of banks were > interconnected from the beginning, and any bank ATM card can be used in > other bank ATMs. > > *14. Five TMs, only one working, it has no cash.* > > There was a period most ATMs were going out of order. Some ATMs go out of > cash. Now this condition is gradually changing. Number of ATMs have > increased, going out of order is lesser, but ATMs go out of cash has become > common. This is because of more transactions by ATMs. Banks display boards > below a certain amount, customers must use ATM machine. > > *15. CDM cum ATM* > > Earlier Cash deposit machines were separate. Later ATMs incorporated cash > deposits. A chest was provided. The customer has to enter his account > number after inserting the ATM card, ATM checks the account number tally > with card, directs to enter amount, and the chest opens. Readily arranged > cash is inserted, the CDM checks for the tally of cash deposit shown, check > for the validity of currency, and then accept the cash. If there is > reduction/ surplus, discrepancy with currency, the cash is rejected and > card pushed out. Otherwise accepts and give receipt and show balance in > display with the deposit. > > Draw back with cash deposit machine is currency below Rs 100-00 is not > accepted. Customers who use the machine for withdrawal will get depend on > his luck, either higher value or low value currencies. > > Other machines being busy once I used it to withdraw Rs 10000-00. I > received five 2000-00 rupee currencies. Then I had to meet the bank *chief > cashier*, to get Rs 500-00 denomination. There is a problem like this in > CDM. > > *16. Some new features in ATM.* > > One fine day, customers may observe even after entering correct pin, he > may observe wrong PIN. On contacting the bank, the managers will instruct > how to get a new pin and change and again use the ATM card. > > While some ATMs ask the customer to remove his ATM card, and then issue > currency. Some ATMs issue currency and ask the customer to take the ATM > card. I think the first is more adaptable so that customer will not for > get to take his ATM card. > > Some ATMs irrespective of printing of transaction is available or not ask > whether transaction receipt is required. If you press NO, mostly, > transaction will be cancelled. > > Some ATMs will ask, unable to print transaction receipt, whether like to > continue, if customer presses no, transactions will be cancelled. > > Some ATMs ask whether balance is to be displayed in screen. If pressed > yes, balance will be displayed. > > Some ATMs will ask after completing transaction, whether the customer > wanted to make another transaction. Customer has to press *positively NO*, > if he does not want to make another transaction. > > Mini statement of any bank can be taken from any ATM. Sometimes not > possible. > > More number of transactions of the same bank may invite ATM charges, but > not very high, while ATMs were introduced. Comparing to auto charges the > additional ATM charge is less, I agree for additional charges. > > Except in certain areas ATMs functions 24 hours. Most ATMs have shutter > facility and it will be halfway down in day time, fully down in night time. > > *17. Debit cards and ATM cards* > > Most banks issue Debit cards which can be used in ATMs and purchases etc. > If the subscriber ticks only ATM, the cards cannot be used for purchases. > > *18. Post office ATM cards.* > > Post offices issue ATM cards which can be used to withdraw money from any > ATMs. They cannot be used for purchases > > I hope the facility may come soon. > > *19 Debit cards.* > > The debit cards issued by the banks may be enabled for local transactions, > ATM transactions, but need not be for on line transactions. In that case > banks have to be contacted for enabling online transactions. > > 20 Limitation of debit cards for online transaction > > The cash balance in the account is not related for the amount permitted > for on line transaction. Hence for purchasing a computer of one Lakh, > though you have 5 Lakhs in account, the Debit card may permit only say > 80000-00 rupees. So one has to take more banks’ debit card for purchasing > costly items. So it is best a person having account in at least 3-4 banks > and deposit money equally in savings account, which could be helpful in > emergent > situations. Not fixed deposit. > > *21. Upper limit of ATMs.* > > There is an upper limit of transactions permissible depend on the type of > the card issue. Huge amount transactions can be done only through bank > counter via cheques. > > * 22. Some nostalgic incidents related to ATM. * > > While abolition of Rs 500-00 and 1000-00 were abolished by the previous > Modi Government, there was withdrawal limit from banks and ATMs. One could > see queues for Kilometers before ATMs to withdraw just Rs 2000-00 waiting > for ATM cash loading, before hours. It was common to see hundreds of > persons waiting before ATM in midnight, early morning 3 AM etc. I had been > in such queue before hours in the evening. I used to join ATM where persons > were below 100. Security staff used to pacify the customers, don’t be > panic, all of us would get 2000-00 rupees, xxx lakhs have been loaded. > > There had been some tele- serials of love affairs while waiting in Queue > between youngsters at that time. Even now I am not able to digest the > difficulties experienced on those days. > > *23 Miscellaneous* > > There could be irritations by those waiting to draw cash when one person > uses more ATM cards to with draw money, activating cards, changing pins > etc., since these take more time and those waiting for quick withdrawal > will be getting irritated. Using quick withdrawals, issue of certain > mount can be withdrawn from ATM a little bit early. > > At one time bank branches were there near, but their ATM at 10-15 KMs > away. Activating ATM cards was difficult by reaching there. Now Bank ATMs > are within reach. > > Ensure ATM cards are kept safe, take print out and keep in file. Ensure > signing at backside of ATM cards. While making online transactions, as per > the present RBI regulations, every time card number has to be entered, due > to wear and tear digits may not be legible, make sure card details are > correctly kept printed, so that it can be referred to enter card number. > > I have tried to cover most of the aspects came to my mind. Still there > could be other salient points left out. 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