Cash Transactions

Timelines
#FinancialBytes: State Bank of India ATM-cum-Debit Card rules and limits

16 May 2019

#FinancialBytes: State Bank of India ATM-cum-Debit Card rules and limits

State Bank of India (SBI) is the largest public sector bank in the country with more than 42 crore customers.

#FinancialBytes: State Bank of India ATM-cum-Debit Card rules and limits

02 May 2019

#FinancialBytes: State Bank of India ATM-cum-Debit Card rules and limits

State Bank of India (SBI) is the largest public sector bank in the country with more than 42 crore customers.

#FinancialBytes: Here's everything you need to know about gold loans

01 Dec 2018

#FinancialBytes: Here's everything you need to know about gold loans

For many people, taking a loan against gold can come in very handy in the times of need as a quick and hassle-free option compared to personal loans.

Black money: Purchases above Rs. 6L will soon be flagged

18 Jan 2018

Black money: Purchases above Rs. 6L will soon be flagged

Soon, any purchase you make costing over Rs. 6L will have to be reported to the Financial Intelligence Unit.

MHA sets new time deadlines for transportation of ATM-cash

15 Dec 2017

MHA sets new time deadlines for transportation of ATM-cash

The Ministry of Home Affairs proposed that cash in ATMs across India be replenished within certain time deadlines.

From 1st Oct, PNB customers to pay after five ATM-transactions

11 Sep 2017

From 1st Oct, PNB customers to pay after five ATM-transactions

Currently, Punjab National Bank (PNB), which is the country's second-largest public sector bank, allows its account holders to make unlimited transactions, both financial and non-financial, from its ATMs without charging any money.

Scam at Farzi Café: Debit cards cloned, Rs. 6L stolen

06 Jul 2017

Scam at Farzi Café: Debit cards cloned, Rs. 6L stolen

A scam has been unearthed at Farzi Café in Delhi's Connaught Place. An employee has been booked for cloning debit/credit cards of customers and withdrawing over Rs. 6,03,000 from people's accounts.

ATM fraud hits Bengaluru, a record 200 people got affected

05 Jul 2017

ATM fraud hits Bengaluru, a record 200 people got affected

Bengalureans are falling victim to a fast-spreading menace: ATM theft.

#ThisDayThatYear: 50th anniversary of ATMs

27 Jun 2017

#ThisDayThatYear: 50th anniversary of ATMs

Every country, including India, is trying to go for a cashless economy in the future.

SBI to charge more for ATM, online, cash transactions

01 Jun 2017

SBI to charge more for ATM, online, cash transactions

The State Bank of India (SBI) has revised service charges on ATM withdrawals for customers using its SBI Mobile Buddy mobile app, effective from June 1.

SBI clarifies on revised charges: Only for "buddy customers"

11 May 2017

SBI clarifies on revised charges: Only for "buddy customers"

SBI issued a clarification in the wake of widespread panic and condemnation after its announcement of revised service charges, including exorbitant ATM charges.

Demonetization - Cash making a comeback

09 May 2017

Demonetization - Cash making a comeback

Data from the Reserve Bank of India have indicated that cash withdrawal levels for March 2017 were 0.6% higher than that of last year, suggesting that cash withdrawal levels from ATMs have normalized.

SBI begins charging people for credit card payments

19 Apr 2017

SBI begins charging people for credit card payments

In a new initiative, SBI Card, the bank's credit-card wing, will charge users a Rs. 100 fee for all credit card payments under Rs .2000.

Deposits in Jan Dhan accounts up again

18 Apr 2017

Deposits in Jan Dhan accounts up again

Government data revealed that the net balance in Jan Dhan accounts swelled by Rs. 1000 crore to Rs. 63971.38crore on the week ending on 5 April.

Have Jan Dhan accounts been used for money laundering?

13 Jan 2017

Have Jan Dhan accounts been used for money laundering?

The government and RBI are yet to declare the final figures of the demonetized banknotes returned to the system after 8 Nov'16.