Cash Usage In India
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NPCI Targets 300 Million New Users for UPI Payments Platform
National Payments Corporation of India (NPCI) aims to draw an additional 200 million to 300 million Indians to UPI to “break their cash memory”. The outfit is piloting vision recognition technology to encourage higher UPI usage in parking payments, he added.
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RBI Allows Banks To Hike ATM Cash Withdrawal Charges By Rs 2 To Rs 23
The Reserve Bank on Friday permitted banks to increase charges on ATM cash withdrawals beyond the free monthly usage by Rs 2 to Rs 23 per transaction from May 1.
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Cash With Public At Record High Of Rs 30.88 Lakh Crore, 6 Years After Demonetisation
Currency with the public has jumped to a new high of Rs 30.88 lakh crore as of October 21, illustrating that cash usage is still robust even six years after the demonetisation move.
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As Empty ATMs Reported, RBI Says Shortage Due To Logistical Reasons: 10 Points
In response to reports that ATMs in several states are running dry, Finance Minister Arun Jaitley today conceded a "temporary shortage in some areas" and said it was being "tackled quickly". The Reserve Bank of India said the shortage may be felt in some pockets due to logistical issues and clarified that there is sufficient cash in RBI vaults. Com...
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Notes Ban Likely To Save Rs 1,000 Crore In Currency Printing Cost: Report
The RBI need not print the entire amount of extinguished currency because first already there was excess cash floating in the system before note-ban and secondly the pace of digitalisation has gone up leading less cash demand, SBI Research said in a report today.
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NPCI Targets 300 Million New Users for UPI Payments Platform
National Payments Corporation of India (NPCI) aims to draw an additional 200 million to 300 million Indians to UPI to “break their cash memory”. The outfit is piloting vision recognition technology to encourage higher UPI usage in parking payments, he added.
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RBI Allows Banks To Hike ATM Cash Withdrawal Charges By Rs 2 To Rs 23
The Reserve Bank on Friday permitted banks to increase charges on ATM cash withdrawals beyond the free monthly usage by Rs 2 to Rs 23 per transaction from May 1.
-
Cash With Public At Record High Of Rs 30.88 Lakh Crore, 6 Years After Demonetisation
Currency with the public has jumped to a new high of Rs 30.88 lakh crore as of October 21, illustrating that cash usage is still robust even six years after the demonetisation move.
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As Empty ATMs Reported, RBI Says Shortage Due To Logistical Reasons: 10 Points
In response to reports that ATMs in several states are running dry, Finance Minister Arun Jaitley today conceded a "temporary shortage in some areas" and said it was being "tackled quickly". The Reserve Bank of India said the shortage may be felt in some pockets due to logistical issues and clarified that there is sufficient cash in RBI vaults. Com...
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Notes Ban Likely To Save Rs 1,000 Crore In Currency Printing Cost: Report
The RBI need not print the entire amount of extinguished currency because first already there was excess cash floating in the system before note-ban and secondly the pace of digitalisation has gone up leading less cash demand, SBI Research said in a report today.
