cash withdrawal

A day before Republic Day and a week before the presentation of Union Budget, a powerful panel comprising of Chief Ministers of India have suggested strong proposals, which, implemented, can have a long-term implication on the Digital…

As per various estimates, more than 50% of the demonetized currencies have returned back to the system. This means that cash is not being hoarded anymore, and the markets are circulating currencies like before. Signaling ease of…

In a surprising move, the Reserve Bank of India has increased the cash limits at point of sale (POS) units in tier III, tier IV, tier V and tier VI cities to Rs.2000 from erstwhile limit Rs.1000. RBI said that this facility will be…

For the first time in India, a facility has been provided for those without any bank account to withdraw cash from ATMs. Bank of India launched this service termed as “Instant Money Transfer” wherein any person without any bank account…

This is really interesting – State Bank of India has announced that it will soon offer no-frills bank account for needy - which will be used only through mobile phone. According to this article in telegraph, this project is only for…