Tag Archives: Automated teller machine

Postal ATMs in India – Update


44 Post Offices in Odisha are getting ready to welcome Postal ATMs on their premises. Once the 44 selected post offices are on the Postal Departments CBS, the next immediate step would be operationalising the ATMs.

Work has already been started to launch core banking facility in some of head post offices in Cuttack, Balasore, Sambalpur, Jharsuguda, Sundargarh, Mayurbhanj, Angul, Bhadrak, Keonjhar, Puri and Balangir.

In the first phase in Odisha, CBS software will be installed in 30 head post offices and 50 sub-post offices.

As 2013 is fast coming to a close, Odisha will have its first set of Postal ATMs’ in 2014 only.


Bharatiya Mahila Bank – All State Capitals to have a Branch BY March 2014

As the Election Commission embargo is over, the newest branch of India’s youngest Bank, Bharatiya Mahila Bank opened its branch in New Delhi.

The Bharatiya Mahila Bank (BMB) will have a branch in each State capital by March-end next year, Finance Minister P. Chidambaram said.

On the inaugural day i.e 19th November 2013, it launched it’s operations with seven branch and added two more i.e New Delhi and Indore on 05/12/213

Inaugurating the New Delhi branch and registered office of the bank here on Thursday, Chidambaram said, to grow quickly, BMB should think ‘out-of-the-box’ and invent its own business model other than branch expansion.

BMB’s board of directors, he said, should also consider whether customers who are based 10-20 km from the branch can be reached through the use of technology.

Delhi Chief Minister Sheila Dikshit suggested that BMB could look at setting up mobile ATMs in thickly populated areas of the Capital so that access to banking could be improved for many women.


S.no State Capital
1 Andhra Pradesh Hyderabad
2 Arunachal Pradesh Itanagar
3 Assam Dispur
4 Bihar Patna
5 Chhattisgarh Raipur
6 Goa Panaji
7 Gujarat Gandhinagar
8 Haryana Chandigarh
9 Himachal Pradesh Shimla
10 Jammu and Kashmir Srinagar (summer), Jammu (winter)
11 Jharkhand Ranchi
12 Karnataka Bengaluru
13 Kerala Thiruvananthapuram
14 Madhya Pradesh Bhopal
15 Maharashtra Mumbai
16 Manipur Imphal
17 Meghalaya Shillong
18 Mizoram Aizawl
19 Nagaland Kohima
20 Orissa Bhubaneswar
21 Punjab Chandigarh
22 Rajasthan Jaipur
23 Sikkim Gangtok
24 Tamil Nadu Chennai
25 Tripura Agartala
26 Uttar Pradesh Lucknow
27 Uttarakhand Dehradun
28 West Bengal Kolkata
S.no Union Territories Capital
1 Andaman and Nicobar Islands Port Blair
2 Chandigarh Chandigarh
3 Dadar and Nagar Haveli Silvassa
4 Daman and Diu Daman
5 Delhi Delhi
6 Lakshadweep Kavaratti
7 Pondicherry Pondicherry


The cities, where the new branches of Bharatiya Mahila Bank will be set up during 2013-14, are Hyderabad, Chandigarh, Shimla, Bhubaneswar, Jaipur, Dehradun, Patna, Naya Raipur, Panaji, Srinagar, Thiruvananthapuram, Ranchi, Shillong, Gangtok, Agartala and Itanagar.


Spread the word on 12 Safety Tips for Debit/Prepaid Card PIN


            The full form of PIN in the digital payment world is Personal Identification Number. It is often spoken as PIN Number, which is incorrect.

The PIN is numeric password which is shared between a user and a system. This PIN authenticates the user on the system.

Normally, apart from the PIN which is not physically visible, a physical token or a User Id are used together to let the User access the system.

The system looks up the PIN based upon the user ID and compares the looked-up PIN with the received PIN. The user is granted access only when the number entered matches with the number stored in the system.

Hence, the User ID/Physical Token should be kept separately.

In India, with effect from today PIN is mandatory for Debit Card/PrePaid Cards on POS terminals.

Remember the same PIN can be used to withdraw Cash from an ATM and also complete your shopping at POS Terminals. Hence, it becomes more important to safeguard your PIN. 11 golden rules to safeguard your bank account:-

01) Beware of “Shoulder Surfing” i.e. shield your PIN from onlookers by using your body.

02)Use your hand or body to shield your Personal Identification Number (PIN) when you are conducting transactions at the Automated Banking Machine (ABM) or at the point of sale.

03)Never let your Debit Card/Prepaid Card out of your sight when conducting a transaction.

04)Never ever shout your PIN across shopping counters.

05)Only allow your card to be swiped once and always remember to take your Debit /Prepaid Card and transaction record with you once your transaction is completed.

06)If you feel you need to keep a copy of your PIN written down somewhere (not recommended), keep it in a place separate from your Debit/Prepaid Card. Never keep them together.

07)It is advisable that you know your available balance before you make any POS  purchase.

08)Double check the amount entered by the cashier before you key-in your PIN to authorize payment of your purchase.

09)Your PIN should not:

• Be easily associated with other personal information such as phone number, birthday or part of Aadhaar Number.

• Be part of your card or account number

• Be the same digits or a sequence of running digits

• Be the same as a previously used/selected PIN of this Debit/Prepaid Card or any other Debit/Prepaid card.

10) In addition, if you have multiple Debit/Prepaid Cards,  should never assign the same PIN to all PINned cards – if someone steals your wallet and discovers your PIN, you may rest assured they will test that PIN against all cards in your wallet.

11)  In case you feel it is difficult to memorize all of the PINs for your cards and must carry a written record, it is very important that any PINs be thoroughly disguised. For example, the PIN may be embedded in a list of phone numbers and, desirably, amended through some formula only you would know.  Yes, the formula should not be remembered.

12) Also, this list should never be carried closely adjacent to the card. For example, both should not be together in your wallet.

PIN compulsory in India for all debit card usage from today

chipandpin_Fotor            Remember your PIN for day to day shopping.  

Till yesterday i.e 30/11/2013, banking customers in India did not require the PIN to be punched in the POS terminals.  The PIN was compulsory for only ATM transactions.

However, from today, the keying of the PIN is mandatory to complete POS transactions.

So, if you go to a supermarket/or any other physical shopping and wish to pay via your debit card, the TAT will increase, as the billing machine and the POS terminals are not together.

This step is to minimize frauds arising out simple debit cards.  In June, the Reserve Bank had extended the deadline for implementation of mandatory PIN punching at Point-of-Sales (PoS) and merchant outlets till November 30 following a representation from banks.

The Banking industry was hoping an extension of the due date once again. However, this did not happen, so the Banks started educating customers on safety tips for PINs at POS terminals, at the last moment.