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Central Bank Digital Currency Transactions to Remain Anonymous 'To a Certain Degree': RBI
Central bank digital currencies (CBDC) transactions would remain anonymous to a certain degree, Reserve Bank of India Deputy Governor T Rabi Sankar said on Wednesday. The IT department allows cash transactions up to a certain limit to be carried out without government ID proof, but the RBI is yet to clarified the degree to which CBDC transactions w...
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Paying Cash Over The Limit At Hospitals, Banquet Halls, Can Land You In Trouble
Accepting Rs 20,000 or more in cash for a loan or deposit is prohibited, and such transactions must be done through banking channels.
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For Cash Deposits Of Over Rs 20 Lakhs In A Year, Change In Rules
Depositing more than Rs 20 lakh a year, one will now need to present their PAN details as well as their Aadhaar card mandatorily.
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RBI Imposes Rs 35,000 Withdrawal Limit For Sri Guru Raghavendra Sahakara Bank Account Holders
The Reserve Bank of India has imposed withdrawal limit of Rs 35,000 for savings, current or any other deposit account holder of the Bengaluru-based Sri Guru Raghavendra Sahakara Bank.
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Post Office ATM Card Rules: Transaction Limits, Cash Withdrawal Charges And More
India Post - which operates a network of more than 1.5 lakh post offices across the country - provides a variety of banking services. The Department of Posts offers several savings schemes with different interest rates. Along with its savings accounts, it offers ATM-cum-debit cards with a certain withdrawal limit. Post office savings account can be...
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From Cash Withdrawal Limit To ATM Charges: All You Need To Know About Post Office ATM-Cum-Debit Cards
India Post pays interest at the rate of 4 per cent per annum on deposit in its savings account in the current quarter.
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SBI's Latest Rules: From Internet Banking Facility To Deposit Accounts, All Explained Here
From internet banking facility to investment schemes, SBI provides a variety of options for customer's requirements.
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SBI Cash Transaction, Cheque Book And New Debit Card Charges. Details Here
The limit of four ATM withdrawals per month only applies to the Basic Savings Banks Deposit Accounts, SBI said.
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RBI Will Weigh If Banks Can Retain Deposits Made After Notes Ban
Excess funds are limiting the central bank's ability to intervene in the foreign-exchange market to rein in the rupee's rally.
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The Rs 150 Bank Charge: What It Means For You In 10 Points
Leading private bank HDFC has announced savings account customers will have to pay a Rs 150 charge for cash deposits or withdrawals in excess of four free transactions at bank branches. The development puts the HDFC's charges for transactions at par with its two competitors - ICICI and Axis banks - that had also suspended charges to be paid for cus...
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Tax Officials To Go Easy On Deposits Up To Rs 5 Lakh By Those Above The Age Of 70
The tax department will not carry out any further verification for cash deposits up to Rs 5 lakh made by people above 70 years of age post note ban, but the limit has been fixed at Rs 2.5 lakh for other individuals. "There is absolutely no cause for panic. We are not going after everyone who deposited their holding of the demonetised currency in ba...
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How Much Money Deposited In Old Notes? Wait Till June 30, Says RBI
The RBI is in the process of counting all the old notes deposited at different bank branches in the country between November 10 and December 30, 2016.
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Cash Withdrawal Restrictions Likely To Go Away By February-End, Say Bankers
The RBI had recently raised the ATM withdrawal limit to Rs 10,000 a day but maintained the weekly cap at Rs 24,000 for saving account and Rs 1 lakh for current account holders.
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50 Days After Cash Ban, PM Modi To Discuss Impact In National Address Today: 10 Points
Prime Minister Narendra Modi will address the country today on New Year's eve which also brings an end to a 50-day period that he had sought to bring normalcy after an abrupt November 8 ban on 500 and 1,000-rupee notes. While the restrictions on cash withdrawal stays on because of a limited cash supply to banks, the daily withdrawal limit from ATMs...
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RBI Amends Rs 5,000-Deposit Order After Backlash, No Questions For KYC Accounts
In its 60th notification since the notes ban was announced, the Reserve Bank of India (RBI) today made an important change in how outlawed 500- and 1,000-rupee notes can be deposited in banks after a huge backlash over the rule that required an explanation from people for deposits above Rs 5,000. No questions will be asked for deposits above Rs 5,0...
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Central Bank Digital Currency Transactions to Remain Anonymous 'To a Certain Degree': RBI
Central bank digital currencies (CBDC) transactions would remain anonymous to a certain degree, Reserve Bank of India Deputy Governor T Rabi Sankar said on Wednesday. The IT department allows cash transactions up to a certain limit to be carried out without government ID proof, but the RBI is yet to clarified the degree to which CBDC transactions w...
-
Paying Cash Over The Limit At Hospitals, Banquet Halls, Can Land You In Trouble
Accepting Rs 20,000 or more in cash for a loan or deposit is prohibited, and such transactions must be done through banking channels.
-
For Cash Deposits Of Over Rs 20 Lakhs In A Year, Change In Rules
Depositing more than Rs 20 lakh a year, one will now need to present their PAN details as well as their Aadhaar card mandatorily.
-
RBI Imposes Rs 35,000 Withdrawal Limit For Sri Guru Raghavendra Sahakara Bank Account Holders
The Reserve Bank of India has imposed withdrawal limit of Rs 35,000 for savings, current or any other deposit account holder of the Bengaluru-based Sri Guru Raghavendra Sahakara Bank.
-
Post Office ATM Card Rules: Transaction Limits, Cash Withdrawal Charges And More
India Post - which operates a network of more than 1.5 lakh post offices across the country - provides a variety of banking services. The Department of Posts offers several savings schemes with different interest rates. Along with its savings accounts, it offers ATM-cum-debit cards with a certain withdrawal limit. Post office savings account can be...
-
From Cash Withdrawal Limit To ATM Charges: All You Need To Know About Post Office ATM-Cum-Debit Cards
India Post pays interest at the rate of 4 per cent per annum on deposit in its savings account in the current quarter.
-
SBI's Latest Rules: From Internet Banking Facility To Deposit Accounts, All Explained Here
From internet banking facility to investment schemes, SBI provides a variety of options for customer's requirements.
-
SBI Cash Transaction, Cheque Book And New Debit Card Charges. Details Here
The limit of four ATM withdrawals per month only applies to the Basic Savings Banks Deposit Accounts, SBI said.
-
RBI Will Weigh If Banks Can Retain Deposits Made After Notes Ban
Excess funds are limiting the central bank's ability to intervene in the foreign-exchange market to rein in the rupee's rally.
-
The Rs 150 Bank Charge: What It Means For You In 10 Points
Leading private bank HDFC has announced savings account customers will have to pay a Rs 150 charge for cash deposits or withdrawals in excess of four free transactions at bank branches. The development puts the HDFC's charges for transactions at par with its two competitors - ICICI and Axis banks - that had also suspended charges to be paid for cus...
-
Tax Officials To Go Easy On Deposits Up To Rs 5 Lakh By Those Above The Age Of 70
The tax department will not carry out any further verification for cash deposits up to Rs 5 lakh made by people above 70 years of age post note ban, but the limit has been fixed at Rs 2.5 lakh for other individuals. "There is absolutely no cause for panic. We are not going after everyone who deposited their holding of the demonetised currency in ba...
-
How Much Money Deposited In Old Notes? Wait Till June 30, Says RBI
The RBI is in the process of counting all the old notes deposited at different bank branches in the country between November 10 and December 30, 2016.
-
Cash Withdrawal Restrictions Likely To Go Away By February-End, Say Bankers
The RBI had recently raised the ATM withdrawal limit to Rs 10,000 a day but maintained the weekly cap at Rs 24,000 for saving account and Rs 1 lakh for current account holders.
-
50 Days After Cash Ban, PM Modi To Discuss Impact In National Address Today: 10 Points
Prime Minister Narendra Modi will address the country today on New Year's eve which also brings an end to a 50-day period that he had sought to bring normalcy after an abrupt November 8 ban on 500 and 1,000-rupee notes. While the restrictions on cash withdrawal stays on because of a limited cash supply to banks, the daily withdrawal limit from ATMs...
-
RBI Amends Rs 5,000-Deposit Order After Backlash, No Questions For KYC Accounts
In its 60th notification since the notes ban was announced, the Reserve Bank of India (RBI) today made an important change in how outlawed 500- and 1,000-rupee notes can be deposited in banks after a huge backlash over the rule that required an explanation from people for deposits above Rs 5,000. No questions will be asked for deposits above Rs 5,0...
