"Automated Teller Machines" 'Pay and use' ATMs coming in your area

Need cash urgently but have already overdrawn from your account? In a bid to accelerate the growth and wider spread of ATMs, the Reserve Bank today issued draft guidelines for permitting non-banking entities to set up, own and operate such money dispensing machines.
Non-bank entities proposing to set up such service will have to have a minimum net worth of Rs 100 crore, RBI said.
You have a cheque from a client but it is of little use in the dead of night. Lost or misplaced your debit card and need cash to pay the party organiser for your little one's first birthday celebrations? Help is on way, as a couple of banks in India are testing a technology that facilitates instant cheque encashing at ATMs. Accessing automated teller machines (ATMs) especially those located in far-flung areas, will soon be a thing..................
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