ATM card Current Affairs, GK & News
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 deposits, remittance services, Internet banking and other specified services but cannot undertake lending services. Payments ..
Topics: ATM card • Bank • Banking in India • Debit card • Economy • Financial services • Money • Payment systems • Payments bank
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 “[email protected]” facility will be available for customers of all banks and can be used in about 80% of SBI’s PoS devices across ..
Month: Current Affairs - April, 2018
Topics: ATM card • ATM usage fees • Bank • Debit card • Deposit account • Economy • Embedded systems • Financial services • Money • Payment systems • Reserve Bank of India