SBI launches cardless ATM withdrawal with YONO Cash

India’s largest Bank State Bank of India (SBI) has announced the launch of YONO Cash through which customers can withdraw money from ATMs without using a card. How does the Cardless Cash Withdrawal work? This Cardless Cash Withdrawal process works with two-factor authentication and eliminates the risk of skimming and cloning. The customers have to set ..

Month: Current Affairs - March, 2019

Category: Economy & Banking Current Affairs

Topics: Cardless Cash Withdrawal • Cloning • SBI • Skimming • YONO Cash • Yono Cash Point

National Common Mobility Card

Prime Minister Narendra Modi launched a National Common Mobility Card (NCMC), which can be used to make payments across public transport anywhere in the country, including Metro, bus and suburban railways, for toll and parking, and for retail like any credit or debit card. National Common Mobility Card The National Common Mobility Card (NCMC) was ..

Month: Current Affairs - March, 2019

Topics: Ahmedabad Metro Rail project • BEL • CDAC • Delhi Metro Rail Corporation • DMRC • Make in India • Ministry of Housing and Urban Affairs • National Common Mobility Card • National Payments Corporation of India • National Urban Transport Policy • NCMC • NPCI • One Nation One Card • rupay card • SBI • State Bank of India

SBI Ecowrap Report recommends Unconditional Cash Transfer to Farmers

The SBI Ecowrap report recommends the government to opt for the unconditional cash transfer to farmers to alleviate agrarian distress rather than Universal Basic Income (UBI) scheme. Why does the SBI report recommend unconditional cash transfer? The report has recommended the unconditional cash transfer based on the following reasons: Currently, it is not feasible to ..

Month: Current Affairs - January, 2019

Topics: Cash Transfer • Crop Insurance • Ecowrap Reprot • Farmers • Fertilizer Subsidy • Interest Subsidy • SBI • Universal Basic Income

SBI to issue and encash electoral bonds soon

The GoI has notified the sale of electoral bond by SBI through its 29 authorized branches from 1.11.2018 to 10.11.2018. 29. These SBI branches are in cities like New Delhi, Gandhinagar, Chandigarh, Bengaluru, Bhopal, Mumbai, Jaipur, Lucknow, Chennai, Kolkata and Guwahati. The concept of electoral bond was initiated in Union Budget 2017.Later on Electoral bond scheme ..

Month: Current Affairs - October, 2018

Topics: Electoral Bonds • Electoral Bonds Scheme • SBI

MOPAD: SBI launches unified payment terminal

India’s largest bank State Bank of India (SBI) has launched its Multi Option Payment Acceptance Device (MOPAD) for digital payments convenience of merchants and consumers. It aims at providing digital convenience to customers and ease of doing business for merchants at the same time. SBI will roll-out this new initiative on all SBI PoS terminals in ..

Month: Current Affairs - August, 2018

Topics: Banking • Cashless Economy • Cashless Transactions • digital economy • MOPAD • Multi Option Payment Acceptance Device • SBI