State Bank of Patiala Current Affairs, GK & News

Charge for SMS alerts on actual usage basis: RBI to banks

The RBI, in its  Second Quarter Review of Monetary Policy 2013-14, asked banks to charge customers for transaction SMS alerts on the basis of usage, instead of imposing a fixed fee, to ensure equity and be reasonable. In March 2011, the RBI had released guidelines for banks to send online alerts to customers for all ..

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