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The ATM story: Banks move to cash recyclers from just dispensers

News ·

More than 15,000 ATM units are expected to come up for request for proposals (RFPs) for cash recyclers, with nearly 77% of these belonging to PSBs, according to industry executives. Punjab National Bank, Union Bank of India and Bank of India are among the lenders expected to issue recycler RFPs.

What this means

This story is part of Rail 24's ongoing rail coverage. We summarise reporting from News so you can quickly scan what changed and why it matters for travellers, commuters and the wider Indian transport sector, then read the full original article at the source. Rail 24 aggregates trusted rail sources and refreshes them continuously so you always see the latest developments in one place.

This rail update was reported by News on and curated by Rail 24. For the complete report, visit the original source below.

Read the full story at News

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> 48 hours 12 - 48 hours 4 - 12 hours < 4 hours Departed
More than 48 hours remaining before scheduled departure.
Refund Amount
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Will be credited to your account
Cancellation Deduction
₹120
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Calculation Breakdown

Original Fare Paid: ₹650
Deduction Applied: - ₹120
Estimated Refund: ₹530
IRCTC Rule Applied:

For confirmed tickets cancelled more than 48 hours before scheduled train departure, a flat cancellation fee is deducted depending on the travel class.

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