Different types of ATMs: What do White Label, Brown Label, and On-line, off-line ATM mean?
Updated on 28.05.2025 Automated Teller Machines (ATMs) are the alternative banking channels available to bank customers primarily for withdrawal of cash. The money can be withdrawn from ATM at any point of time round the clock convenient to the bank customers. The Automatic Teller Machines are generally identified as White Label, Brown Label, and on-…
Read article ATM charges and fees will go up from Aug 2021
The Reserve Bank of India (RBI) today (10.06.2021) allowed an increase in the interchange fee structure for ATM transactions considering the increasing cost of Automated Teller Machines (ATM) deployment and expenses towards ATM maintenance incurred by the banks and white label ATM operators. The last change in interchange fee structure for ATM transactions was in…
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Now incorporation of a company shall be accompanied by e-form AGILE – PRO-S (INC-35)
The Ministry of Corporate Affairs on 7th June, 2021 has issued the Companies (Incorporation) Fourth Amendment Rules, 2021. The amendment provides that the application for incorporation of a company shall be accompanied by e-form AGILE – PRO-S (INC-35). AGILE – PRO-S stands acronym for Application for Goods and services tax Identification number, employees state Insurance…
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Banks were advised to preserve CCTV recordings
Reserve Bank today advised all the banks to preserve the CCTV recordings of operations at bank branches and currency chests till further order. On December 13, 2016, RBI had issued a notification, wherein the banks were advised to preserve the CCTV recordings of operations at bank branches and currency chests for the period from November…
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Govt announces ECLGS 4.0 with extra facilities and loan tenor extension
The Government has enlarged the scope of ECLGS in order to support Covid-hit MSMEs further and business across various sectors of the economy. The Finance Ministry on Sunday announced a three-month extension of its Rs 3 lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) to September 30, 2021, from June 30, 2021, or till guarantees…
National Automated Clearing House to be available on all days from August 1: RBI
“In the interest of customer convenience, and to take advantage of the availability of RTGS on all days of the year, it is proposed to make available NACH on all days of the week throughout the year, effective August 1, 2021,” RBI Governor Shaktikanta Das said while announcing the bi-monthly monetary policy review on June…
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