The charges would apply to savings as well as salary accounts
Besides the convenience that plastic money accords, it also helps the user to keep an easy track of their expenses.
The bank lost out on fairly meaningful quantum of fees from point of sale terminals and ATM usage during the demonetisation exercise.
Banks have reported that banknotes worth Rs 592,613 crore have been issued to the public.
Cruelty by the husband (or his relatives) accounted for about 40 per cent of these cases. Delhi reported the highest number of cases of crimes against women (12,552) followed by Mumbai with over 5,000 cases.
The board is likely to take up the matter this month.
Under the Goods and Services Tax, effective midnight of June 30, most of the financial services would attract a higher tax of 18 per cent as against 15 per cent as of now.
Jifi is a zero-interest current account with no minimum balance conditions, and can be opened with an initial payment of Rs 5,000.
These are the Zipp money centres which are being introduced for the first time in the country by the Commonwealth Business Council (CBC), a forum formed in 1997 and which has inclusive banking interventions as one of its key projects. The money centres have already brought banking to the doorstep in many villages and far-flung areas in one district in Uganda where CBC started the project.
Some ex-MLAs from Punjab, too, had received similar threats from these numbers. The callers spoke to them in Mumbai accent and in Punjabi, the IGP said.
IndusInd Bank said on Tuesday it has received the Reserve Bank of India approval for opening 19 branches to expand operations, especially in the north-east region.
Five years after demonetisation, which sought to curb black money and reduce cash circulation in the economy, 70 per cent of respondents said they paid a large component of the total payment towards a real estate transaction in cash. About 16 per cent said they paid over half the amount in cash, observes Shyamal Majumdar.
Welcoming the launch of the Bharatiya Mahila Bank, India Inc on Wednesday said the initiative will propel women's financial inclusion, encourage female entrepreneurs and empower women in the country.
'The credibility of the messenger here is highly suspect. This is something which the global community is aware of'
In the same quarter a year before, most of them had reported a dismal performance.
It is up to the bank management to decide which application gets to interact with the CBS
If RBI's recommendations are finalised, it will give more teeth to the existing fair practice code
Following are the highlights of the RBI's first monetary policy statement of 2022-23 unveiled by Governor Shaktikanta Das: Policy repo rate unchanged at 4%; marginal standing facility rate & bank rate too remain unchanged at 4.25%. Monetary stance to be accommodative with focus on withdrawal of accommodation to keep inflation within target. GDP growth projection for FY'23 slashed to 7.2% from 7.8%; growth projections based on assumption of crude oil (Indian basket) price at $100 a barrel during FY'23. Inflation forecast hiked to 5.7% for FY'23 from 4.5%.
ICICI Bank on Monday said it sees no impact of the Greek debt crisis on the bank as it has no exposure to Europe.
With cyber criminals becoming savvier by the day, learning how to safeguard yourself is imperative.
SBI had a tough journey in the last 40 years.
The idea of the payment banks is to provide access to banking for people, especially in rural areas.
Kotak Mahindra Bank to have a 19.9% stake in the proposed banking venture.
'If Israel had stuck to the peace accords, Hamas would have had no one to fight.'
The combined entity is set to be the third largest bank in India, behind State Bank of India and ICICI Bank.
At Rs 30.88 lakh crore, the currency with the public is 71.84 per cent higher than the level for the fortnight ended November 4, 2016.
'It is the duty and responsibility of the public officer to proceed responsibly and ascertain the true and correct facts. Execution of law without appropriate acquaintance with legal provisions and comprehensive sense of their application may result in an innocent being prosecuted,' the apex court said.
The government plans a mega launch of the Pradhan Mantri Jan Dhan Yojana (PMJDY) by Prime Minister Narendra Modi on August 28, which is likely to see opening of one crore bank accounts on the first day itself.
Many PSBs are in the process of rationalisation of ATMs
25,600 cases of banking fraud totalling Rs 1.79 billion were reported up to December 2017. 'There is an inherent legacy when it comes to insuring crime.' 'Generally, most banks are uncomfortable in sharing data about employee fraud.'
There is a huge gap in service charges on other factors such as penalty on cheque return.
Digital services work best when the seller designs a system where default options are designed to help the buyer, says Debashis Basu.
Mayank Goyal, founder and CEO, moneyHOP, will answer queries related to how to best manage your money while travelling internationally.
HDFC Bank on Tuesday reported a 31.28 per cent increase in net profit at Rs 224.40 crore (Rs 2.24 billion) for the third quarter ended December 31, 2005 as against Rs 170.93 crore (Rs 1.70 billion) in Q3 FY05.
Pawan Kumar Soni, a 55-year-old farmer based in Sri Ganganagar City in Rajasthan, became a victim of a cyber fraud when his 26-year-old son Harsh Vardhan opened a link from a phishing message that flashed on his mobile phone.
The RBI was not party to the decision to demonetize 500 and 1,000-rupee notes, which was taken at the highest level of India's political leadership.
This is the time of year to be most on guard against a host of scams, new and old.
"You can download mobile applications provided by banks on your phones and I want to urge political leaders, teachers, youth to give training to people on mobile banking," Modi said.
On a daily basis, an average cash logistics company transports Rs 5,000-8,000 crore worth of cash nationwide.
