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Soon all banks ATM networks will offer cardless cash withdrawals: RBI

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The Reserve Bank of India agreed on Friday to allow all banks to adopt card-less cash withdrawals through ATMs to combat fraud.

Currently, cardless cash withdrawals using ATMs are an allowed mode of transaction offered on an ‘on-us’ basis by a few banks in the country (for their customers at their ATMs).

“It is now suggested to use the UPI to make card-less cash withdrawals available across all banks and ATM networks. The elimination of the necessity for a real card for such transactions would help avoid frauds such as card skimming, card cloning, and so on, in addition to making transactions easier “While introducing the bi-monthly monetary policy review, RBI Governor Shaktikanta Das stated.

Customers would be able to authorize transactions using the Unified Payments Interface (UPI), with settlement taking place through ATM networks, according to a statement on Developmental and Regulatory Policies.

Separate instructions would be sent to NPCI, ATM networks, and banks shortly, according to the statement.

Das described the Bharat Bill Payment System (BBPS) as an interoperable bill payment network that has experienced a growth in the number of bill payments and billers over time.

It is proposed to reduce the net worth requirement of non-bank Bharat Bill Payment Operating Units from Rs 100 crore to Rs 25 crore to facilitate greater bill payment penetration through the BBPS and to encourage the participation of a greater number of non-bank Bharat Bill Payment Operating Units in the BBPS.

The essential regulatory changes will be implemented as soon as possible.

Under the BBPS, there are a variety of benefits available.

A standardized billing experience, a centralized customer grievance resolution process, a mandated customer convenience charge, and other perks are available to BBPS users.

BBPS is an interoperable bill payment platform that serves all types of billers who send out recurring bills.

The number of non-bank Bharat Bill Payment Operating Units has not increased in lockstep (BBPOUs).

Maintaining the safety and security of payment systems is a crucial priority of the RBI, according to the statement, because they play a catalytic role in encouraging financial inclusion and fostering financial stability.

It is critical to guarantee that payment system infrastructures are not only efficient and effective but also resilient to traditional and emerging risks, particularly those related to cyber security, as the use of digital payment modalities grows.

“It is recommended to establish guidelines on Cyber Resilience and Payment Security Controls for Payment System Operators to ensure that our payment systems remain resilient to traditional and emerging risks, particularly those connected to cyber security,” he stated.

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The Tenth Tata Mumbai Marathon Was Completed By NMMC Commissioner

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Dr. Kailas Shinde, Commissioner of the Navi Mumbai Municipal Corporation (NMMC), has accomplished a remarkable feat by finishing the Tata Mumbai Marathon for the ninth year in a row.

Thousands of runners from all around the world attended this year’s marathon, which was held on Sunday to commemorate the famous event’s 20th anniversary. Dr. Shinde further demonstrated his dedication to endurance and fitness by finishing the difficult 42.195 km race in an astounding 4 hours, 29 minutes, and 12 seconds.

As evidence of his commitment to regular training and preparation, Dr. Shinde maintained a constant pace of 6 minutes and 23 seconds per kilometer throughout the marathon, which started at 5:00 a.m. at Chhatrapati Shivaji Maharaj Terminus in Mumbai.

This year’s achievement comes after Dr. Shinde’s outstanding performance in the Comrades Marathon, an ultramarathon in South Africa, when he exceeded the time limit by finishing the 86.6 km route in 11 hours, 10 minutes, and 56 seconds. His reputation as a focused and dedicated athlete was further solidified by this accomplishment.

Dr. Shinde has continuously put his training first despite his hectic administrative job and rigorous schedule, demonstrating that amazing outcomes are possible when hard effort, goal-setting, and preparation are balanced. In addition to reflecting his own accomplishments, his love of running provides as motivation for leading a healthy lifestyle.

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Residents Of Kharghar Express Concern Over The Increasing Number Of Roadside Shops And Encroachments

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Residents of Kharghar are raising serious concerns over the growing encroachments and unauthorized shops in Sectors 30 to 40, which are causing inconvenience and safety issues. Locals have shared photographs showing illegal roadside stalls selling clothes, fruits, coconuts, and snacks, taking over footpaths and parking spaces.

One image shows a clothing shop operating from a car boot, while another captures coconut vendors blocking a busy intersection. A third photo highlights a snack stall covered with plastic sheets, further restricting pedestrian movement, especially under the newly constructed metro bridge.

Frustrated residents say these illegal setups are disrupting daily life. “We pay taxes for planned infrastructure, but these encroachments create chaos,” said Radhe Trivedi, a local.

Arvind Pawar, another resident, said multiple complaints to the Panvel Municipal Corporation (PMC) and CIDCO have seen little action. “We need stricter enforcement to remove illegal hawkers and restore order,” he added.

Citizens have taken to social media to highlight the issue, tagging government officials, including the Chief Minister’s Office of Maharashtra and MLA Prashant Thakur, demanding intervention.

Resident Lalita Iyer emphasized the need for long-term solutions to prevent future encroachments and protect Kharghar’s planned urban development.

With growing pressure from residents, authorities are now being urged to take immediate and strict action to remove these unauthorized commercial activities and restore public spaces to their proper use.

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The Marathi Language Conservation Fortnight Is Being Celebrated By NMMC With A Self-Poetry Recitation Competition

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NMMC Hosts Self-Poetry Recitation Competition To Celebrate Marathi Language Conservation Fortnight.

The Competition

The Navi Mumbai Municipal Corporation (NMMC) held a self-poetry reciting competition to support officials’ and staff members’ poetic writing abilities. The occasion was a component of the two-week-long Marathi Language Conservation campaign.

Thirty-one poets took part in this event. From January 14 to January 28, the city government has organized a number of events to promote the Marathi language.

Ashok Gupte, a well-known poet and the grandson of the famed poet Bee, judged the self-poetry reciting competition. Gupte urged the poets to continue their commitment to producing high-caliber poetry. Despite their hectic work schedules, he commended the cops and staff for fostering their literary abilities.

The poet was especially grateful of the female staff members who had worked hard and passionately to develop their literary skills while juggling work and domestic duties. Gupte stressed the significance of delivery and presentation. He emphasized that there should be a natural rhythm and flow even in free verse poetry. According to an official, he encouraged contestants to keep competing, read quality poetry, and keep composing. During the occasion, Gupte also read a few of his own outstanding poetry.

The NMMC headquarters will host a lecture on “Mayboli Abhijat Marathi” by famous poet and writer Dr. Mahesh Keluskar. Navi Mumbai literature lovers are welcome to come and take part in this thought-provoking discussion.

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