Thursday, November 22, 2012

ATM ALERT:


The system which enabled the ATM to take back cash if it is not removed within a certain time, has been WITHDRAWN.

The step has been taken to prevent the misuse of the system as RBI has received complaints about people trying to defraud banks by holding on to some withdrawn cash in ATMs and then claiming non-receipt of cash after the machine takes back the rest. 

Meaning, now if you do not take away the cash from the ATM after you keyed in for it, the cash will remain hanging there.