More Indian ATMs Swallowing money after the coming of Free Interbank ATM Transactions

Posted On Friday, April 3rd, 2009 By Ravi

What are these banks trying to prove? Are they not happy with the new RBI policy of free Inter Bank ATM transactions? I lost some money last week while trying to make a withdrawal from an ATM. I tried to withdraw money from an ICICI ATM close to my house from my UBI account and I lost the money and ICICI and UBI both refused to help me with it, and I shot a mail to ICICI support telling them that Chandra Kochar can utilize that money to buy some sexy lingerie for herself and they promptly replied saying that they did not appreciate my mail and that it was lack of professionalism. who is lacking professionalism here? Today my brother had gone to an SBI ATM that is close to his place to withdraw Rs. 1000 from his ICICI account, and the same thing that happened to me happened to him too. Network error, money taken from his account, and he didn’t get the money, and as usual, just like everyone does, he threw away the slip that he got from the ATM. No proof that way. I guess his money would be gone too. Without the slip, there Continue Reading

UBI and ICICI Dont Work Well Together

Posted On Tuesday, March 31st, 2009 By Ravi

In one of my earlier posts, you might have noticed that I bank with Ubion Bank of India and SBI only and not with the private banks. Well, unfortunately, when I need cash, I have to turn to the private bank ATMs only that are close to my house, and since UBI is already offering free withdrawals from Otherbank ATMs, I usually prefer to withdraw cash from my UBI account. A few days ago, when I tried to withdraw Rs 5000 from my UBI account thru an ICICI ATM close to my house, the ATM waited for sometime and spat out the card saying that there was a network error. When I fed the card again, I found that Rs 5000 which I had entered previously has been deducted from the account and I have nto received cash. I have learned about this in an RDBMS paper in college. Money gets deducted from one account and doesnt get transfered to another. I approached UBI and they said that since ICICI has swollowed my money I should approach ICICI and whe I went to ICICI, as expected, those bastards wont even notice that I am there after I told them my Continue Reading