Wed, Jun 01, 2022
Here's a list of changes that came into effect on June 1, 2022.
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Thu, May 12, 2022
pan and aadhaar number are must for cash deposits and withdrawals above 20 lakh in any financial year. Government has issued new cash deposit rule, which implement from May 26. income tax CBDT notification issued regarding this.
Sun, Jan 31, 2021
It's an important update for State Bank of India (SBI) account holders!
Mon, Aug 24, 2020
Kotak Mahindra Bank (Kotak) has announced the launch of the Cardless Cash Withdrawal Facility through ATMs (Instant Money Transfer - IMT).
Mon, Oct 14, 2019
RBI increases cash withdrawal limit to Rs 40,000 at PMC bank. To know more watch the video
Sun, Sep 08, 2019
BOI: Use UPI app & no need for physical debit cards, QR based cash withdrawal. Watch this video to know more.
Fri, Jul 05, 2019
TDS on withdrawals was not really a surprise as recommendations have been made in this regards over the last two years.
Asbe believes, in next 5 year, with RBI and government efforts, India could emerge as innovation hub for digital payments.
FM Sitharaman said that this move has been taken to discourage business payments in cash.
Mon, Jun 10, 2019
Total Withdrawal Above Rs. 10 Lakh A Year May Attract Tax. To know more watch the video
Sun, Jul 09, 2017
The central bank said that demonetisation is not one of the 27 grounds under which a customer can lodge a complaint with the Banking Ombudsman.
Thu, Jun 01, 2017
SBI introduces service charges right from cash withdrawal from ATMs to usage of solid or imperfect notes. State Bank Buddy customers to now Rs 25 on every cash withdrawal from ATMs.
Mon, Apr 03, 2017
State Bank of India, in a research report said, “It may be also noted that with the implementation of ban on cash transactions of over Rs 2 lakh from April 1, further decline in cash withdrawals may be a possibility.”
Wed, Mar 01, 2017
HDFC Bank in one of its report said, “With the surge in deposits growth from 9.8% in 1H-FY17 to around 13% in 2H-FY17, commercial banks in India are at the moment flush with liquidity. After a spurt in deposits post-demonetisation, there is now a trend-reversal underway.”
Tue, Jan 03, 2017
Industrialists on Tuesday expressed their concerns about the revival of the economy post demonetisation in a closed-door meeting with Union Coal Minister Piyush Goyal in Kolkata. The minister met the country's top industrialists at the CII national council meeting.
Fri, Dec 23, 2016
On December 7, during the monetary policy press conference, the Deputy Governor of RBI, R. Gandhi, informed the media that a total of Rs 4 trillion or Rs 4 lakh crore had been disbursed to the public in new currency notes till the day before.
Tue, Dec 13, 2016
Local fruit and vegetable vendors are planning on shutting shop on account of the cash crunch that is prevailing due to the withdrawal of higher denomination currencies.
Sat, Nov 26, 2016
V-Mart Retail, which has a network in tier-II and tier-III cities would allow cash withdrawal of up to Rs 2,000 from its store through ATM cards.
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