ATM Tips: What happens if you're withdrawing cash from an ATM and the power goes out? know..

ATMs have become quite essential for us today. We no longer have to stand in long queues at banks for cash. You can withdraw money anytime through an ATM. But sometimes, situations arise at ATMs that leave us confused about what to do next.

For example, what happens if the power goes out while you're withdrawing cash from an ATM, and the money is debited from your account, but the cash isn't dispensed? The biggest question is whether we will get our money back in such a situation, and if so, when? Let's find the answers to all these questions.

Will the money be returned?
ATMs have made our lives easier. Today, we can withdraw cash whenever needed. We don't have to stand in long queues for cash. If the power goes out while you're withdrawing cash, the ATM usually continues to function because it has a backup power supply.

However, some machines are old. In such cases, your money might get stuck. You might not know what to do in this situation.

According to RBI rules, banks are required to return the money within 24 hours in such situations. Sometimes, the money is returned within two to four hours.

What to do if the money is not returned within 24 hours?
If the bank does not return the money within 24 hours, you can report it to the bank. You can also file a complaint with the RBI Banking Ombudsman.

How to handle essential banking tasks when banks are closed?
If banks are closed in your state on a particular day, but you have an urgent banking task, you can still get it done from home. For this, you will need a laptop or mobile phone and internet service. With the help of online banking and ATMs, you can perform many essential banking tasks, such as withdrawing cash, transferring money, etc. However, some tasks can only be completed by visiting the bank in person.

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