New ATM installed should have VOICE support and Braille Keypad- RBI

According to RBI regulation All new ATMs to be installed by banks from July 2014 onwards would provide audible instructions and Braille keypads to customers.
The RBI’s directive today came on its prior advice to banks in 2009 to make bank branches and ATMs accessible to people with disabilities and make at least one-third of the new ATMs installed as talking ATMs with Braille keypads.

Banks should lay down a road map for converting all existing ATMs as talking ATMs with Braille keypads and the same may be reviewed from time to time.RBI also asked banks to make necessary arrangements to provide all existing ATMs/future ATMs with ramps so that wheel chair users/persons with disabilities can easily access them.
Further, RBI also asked banks to provide the facilities of magnifying glasses at all bank branches for the use of persons with low vision.

Soon Recive cash without Debit card from ATM :RBI

RBI has suggested a innovative idea for  individuals without a bank account will soon be able to receive money from those with bank accounts, using automated teller machines (ATM).
This will help of having a formal bank account by millions of people living in small village town.
The sender can have money withdrawn from his/her account through ATM machines, he said.
Under this process if a person with bank account wants to send money to a person who doesn’t have bank account then He need to send a secure code to mobile number of the person to whom he wants to send money.
When receiver gets the secure code on their mobile then he need visit nearest ATM and use that secure code on ATM machine to get cash instantly.

Debit card will require ATM PIN to do POS Transaction

For using your debit card at retail outlets, you need to use your existing ATM PIN. This is as per RBI mandate. For every merchant transaction that involves payment through debit card — for example, shopping at a mall, payment at a restaurant or petrol pump — the debit card holder would have to key in the ATM PIN after the card is swiped at the handheld electronic device. The transaction will be validated only after the account holder keys in the PIN.This would be applicable across every merchant transaction in the country.

To increase security of card transactions. If entering a PIN is mandatory, then someone with a stolen card will not be able to use it for payment. The RBI has asked all banks to put in place measures to make card transactions more secure. The banks are looking to develop backend technology to enhance security. Till now Banks that have not introduced the system are in the process of doing so

No More Queue for TAX payment: PAY TAX by ATM :Union Bank of bank

Government has made tax payment a convenient way to pay your income taxes using  nearest ATM. You don’t need to fill lengthy forms or stand in queues. It will be available 24×7 and is also saves paper. Currently the scheme has been launched to Union Bank of India customers but it will be extended to other banks soon.

How does it work?
 1) For a Union bank  debit card holder, you will register at the bank’s website
2)This site is in turn linked to the National Securities Depositories Ltd which will help validate the permanent account number (PAN) of individuals and the Tax Deduction Account Number (TAN) provided to taxpayers.
3)On successful registration you can go to the ATM (currently Union Bank ATM only) and access Income Tax menu
4) It will display his PAN number and ask for the tax amount that is to be paid along with item-wise details of any other amount the assessee may want to include in the tax payment.
5)Select the relevant challan no. and amount of tax, interest amount (if any)
6)On confirmation, the tax amount will be debited from the customer’s account and the ATM will generate a receipt with a special number. After 24 hours, customers can log on to the bank’s website, submit the special number and print a challan.

Individuals can make payments related to income tax, advance tax, self-assessment tax. If all your taxes are being paid through TDS and you don’t have anymore to pay then you need not worry it. A lot of people have to pay self assessment and advance tax by the end of every quarter. Presently they go to banks before the deadline, stand in queue, fill up relevant form and pay up the taxes.
 More banks are expected to follow this method soon.

Get Money without ATM card -palm impression withdrawl

Have you forgot your ATM at HOME. No need to panic Japanese bank has started a machine that will require just your Palm impression to withdraw money .
A regional bank in Japan  started operating ATMs for cash withdrawals , deposits and balance inquiries that do not require plastic cards but instead identify account holders by scanning their hands.
 Account holder need to input their birthday, place their palm on the sensor and input a PIN at an automated teller machine. Once this process is completed the desired amount entered is provided by ATM machine.
Registration is required at a teller counter beforehand. and the bank said customers may access their accounts even if they lose cards or passbooks after a major disaster, for instance.

Get Money without ATM card -palm impression withdrawl

Have you forgot your ATM at HOME. No need to panic Japanese bank has started a machine that will require just your Palm impression to withdraw money .
A regional bank in Japan  started operating ATMs for cash withdrawals , deposits and balance inquiries that do not require plastic cards but instead identify account holders by scanning their hands.
 Account holder need to input their birthday, place their palm on the sensor and input a PIN at an automated teller machine. Once this process is completed the desired amount entered is provided by ATM machine.
Registration is required at a teller counter beforehand. and the bank said customers may access their accounts even if they lose cards or passbooks after a major disaster, for instance.

RBI asked bank ATM to remove ATM Cash Retraction

What is cash retraction: Whenever you use your card at an ATM to withdraw cash, you have to get a few seconds to a little over a minute to collect the cash money. This time-lint varies from bank to bank.  if you are distracted for any reason for example if you are on  a call on your mobile and  you are unable to collect your money within that time limit, the ATM swallows the cash and keeps  it in a separate tray in the machine. The amount is re-credited to your account after a while.

 But from  now according to RBI guidline, if you fail to collect the cash, the ATM won’t (retract) eat it up. Instead, the money will remain at the mouth of the ATM, till the time the greens are collected. Which means, for some reason, if you forget to collect the cash (and this does happen), as soon as it is spitted out, someone else might be able to take it.  Banks like HDFC Bank Ltd already have posted this notice on their website and ATM screens

The good thing is that you will not be at the mercy of a time-window to collect your the cash. The disadvantage of this sytem is that, you forget to pick the cash this would lead to loss. So, the next time you are at the ATM, be careful to take you dispened cash completely

RBI asked bank ATM to remove ATM Cash Retraction

What is cash retraction: Whenever you use your card at an ATM to withdraw cash, you have to get a few seconds to a little over a minute to collect the cash money. This time-lint varies from bank to bank.  if you are distracted for any reason for example if you are on  a call on your mobile and  you are unable to collect your money within that time limit, the ATM swallows the cash and keeps  it in a separate tray in the machine. The amount is re-credited to your account after a while.

 But from  now according to RBI guidline, if you fail to collect the cash, the ATM won’t (retract) eat it up. Instead, the money will remain at the mouth of the ATM, till the time the greens are collected. Which means, for some reason, if you forget to collect the cash (and this does happen), as soon as it is spitted out, someone else might be able to take it.  Banks like HDFC Bank Ltd already have posted this notice on their website and ATM screens

The good thing is that you will not be at the mercy of a time-window to collect your the cash. The disadvantage of this sytem is that, you forget to pick the cash this would lead to loss. So, the next time you are at the ATM, be careful to take you dispened cash completely