White Label ATM or White Label Automated Teller Machines or WLAs in India will be owned and operated by Non Bank entities. It is customer’s friendly and they can withdraw money from any bank, but will need to pay a fee for the services. These white label automated teller machines (ATMs) will not display logo of any particular bank and are likely to be located in nontraditional places.
Reserve Bank of India has authorized three non-banking entities for setting up white label ATMs with a view to increase financial inclusion. Certificates of authorization has been issued to BTI Payments Pvt Ltd, Srei Infrastructure Finance Ltd, and RiddiSiddhi Bullions Ltd.
The concept of White Label ATMs are very popular in Canada. From 2006 , few banks in India trying to introduce WLA through RBI. Read More…
The importance of current affairs has increased in the recent years. As a result, we spend a lot of time reading and researching the newpapers and magazines. We have compiled important news and current events for the months of January to mid-July, to help the fellow aspirants prepare for the exams.
This is the Science and Technology section of the news and events for the months of January to mid-July 2014. We will update and cover the coming months soon.
Hope it will be helpful for the fellow aspirants in their jouney to the UPSC.
Thank you for your support and appreaciation.
All the material related to the current events have been placed, in a revised form in a chronological order. This will help you know about the events in a systematic order.
Here is a sample of events that the file would cover: Read More…