cash withdrawal

The charges will come into effect from Jan 1. India Post Payments Bank (IPPB) will levy a charge on cash withdrawals and deposits from January 1, 2022. How It Will Work The charges will be imposed on account holders who have…

This will go into effect from October 1, 2021 onwards. RBI has announced that it will pose a penalty to banks if they fail to replenish cash in ATMs. Quantum Of Penalty A penalty of Rs 10,000 per ATM will be levied on banks if…

UPI, Card Payments Rise By Upto 18% In June: Signs Of Economy Revival In India? A positive sign for an improvement in the economy as nearly all payment modes including cash, cards and Unified Payments Interface (UPI) have witnessed a…

Attention Paytm, Google Pay, PhonePe Users: 3 Biggest Changes You Should Know (RBI Norms) Nowadays the use of mobile wallets is pretty common. For the unaware, it is a digital wallet into which we can deposit money using our…

The Currency in Circulation (CIC) has increased by 22% in 2020, as compared to the volume recorded in 2019. RBI has released important data, informing the growth in currency circulation by Rs 5,01,405 crore in a year’s time, between…

Bank Of Baroda, ICICI Bank, Axis Bank, PNB Will Charge Rs 150 For Cash Withdrawal, Rs 40 For Cash Deposit The Bank of Baroda has come up with some stringent rules for deposit and withdrawal of money beyond the prescribed limit. With…

Pay Rs 150 For Withdrawing Your Own Cash From Banks; Pay Rs 40 For Depositing Cash From November 1st With only 2 months left for this year to end, new rules for some banks have come into picture, which will directly affect the pockets…

Debit Cards No Longer Needed? Soon, Withdraw Cash Using UPI From Any ATM! UPI is now enabling a new way to withdraw cash, for all bank customers. Very soon, the bank users will be able to withdraw cash, without using any ATM, from any…

In yet another innovation related to ATM and cash withdrawal, a tech company has introduced a new concept of withdrawing cash: UPI. This whole concept is based on UPI 2.0, which enables QR code based transactions.

On November 8th, Govt. of India had announced one of the biggest financial shake-ups this country ever witnessed, when it demonetized Rs 500 and Rs 1000 currency notes, thereby cancelling the legality of 86% of circulating cash in the…