The National Payments Corporation of India (NPCI) is preparing to make UPI work like an ATM, allowing users to withdraw up to ₹10,000 in cash through business correspondents (BCs) across India. The new system will use QR codes for withdrawals. Users can simply open their UPI app, scan the QR code provided by a business Read More…
Mumbai: In a groundbreaking move to enhance passenger convenience, Central Railway has installed an ATM onboard the Mumbai–Manmad Panchavati Express, marking the first-ever banking service on an Indian train. This pioneering initiative aims to bring banking services directly to commuters. The ATM, operated by a private bank, has been strategically set up in a secure Read More…
In a groundbreaking move for EPFO subscribers, the Ministry of Labour is set to introduce a new feature that will allow members to withdraw their provident fund (PF) money directly from ATMs. As part of the upcoming EPFO 3.0 initiative, subscribers will be issued EPFO-specific ATM cards, enabling them to access up to 50% of Read More…