ATM card
ATM cash withdrawal rule changed
Reserve Bank of India (RBI) has changed some rules regarding cash withdrawal from automated teller machine (ATM). New rules include high charges on transactions beyond free permissible limit, new free ATM transaction limit and increase in interchange fee. Highlights Changes ..
Tags: ATM card • ATM cash withdrawal charges • ATM Charges • Automated teller machine • RBI guidelines
Month: Current Affairs - June, 2021
Payment Banks
Payments banks are a new model of banks conceptualised by the Reserve Bank of India (RBI) to meet government’s financial inclusion target. It will be set up as a differentiated bank and will confine its activities to acceptance of demand ..
Tags: ATM card • Bank • Banking in India • Debit card • Financial services
SBI allows depositors to withdraw cash from its Point of Sale (PoS) devices
In a bid to ease the cash crunch, the State Bank of India (SBI) has decided to allow depositors to withdraw cash from its Point of Sale (PoS) devices available with merchants. This “Cash@POS” facility will be available for customers ..
Tags: ATM card • ATM usage fees • Bank • Debit card • Deposit account