ATM usage fees Current Affairs, GK & News

V G Kannan head of RBI committee to review ATM charges

The Reserve Bank of India (RBI) has constituted a high-level committee under IBA Chief Executive V G Kannan to examine ATM charges and fees by banks amid demands for reviewing the levies. The use of Automated Teller Machines (ATMs) has been growing significantly and there have been persistent demands to change ATM charges and fees. ..

Topics: ATM usage fees • Automated teller machine • Automated teller machines • Economy • Fee • Financial services • Interbank networks • Interchange fee • Money • STAR

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