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Cash Withdrawal News
Breaking News: RBI increases cash withdrawal limit to Rs 40,000 at PMC bank
Mon, Oct 14, 2019
RBI increases cash withdrawal limit to Rs 40,000 at PMC bank. To know more watch the video
BOI: Use UPI app & no need for physical debit cards, QR based cash withdrawal
Sun, Sep 08, 2019
BOI: Use UPI app & no need for physical debit cards, QR based cash withdrawal. Watch this video to know more.
Budget 2019: 2% TDS on cash withdrawal not a new concept in India, but will you be impacted?
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.
Cashless Drive! Budget 2019 confirms government’s continuous focus on digital payments, says NCPI CEO Dilip Asbe
Fri, Jul 05, 2019
Asbe believes, in next 5 year, with RBI and government efforts, India could emerge as innovation hub for digital payments.
Budget 2019: TDS of 2% slapped on cash withdrawal exceeding Rs 1 crore by FM Nirmala Sitharaman
Fri, Jul 05, 2019
FM Sitharaman said that this move has been taken to discourage business payments in cash.
Finance Ministry mulling tax in Budget on cash withdrawal of 10 lakh a year
Mon, Jun 10, 2019
Total Withdrawal Above Rs. 10 Lakh A Year May Attract Tax. To know more watch the video
Demonetisation no ground for banking ombudsman to handle complaints: RBI
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.
State Bank of India's revised service charges effective from June 1; find out what they are
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.
Growth in digital banking slows down, cash withdrawals fall post March 13
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.”
RBI data show that Indians are rushing to withdraw cash as demonetisation pain eases
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.”
Industry concerned over economic revival post demonetisation
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.
RBI's latest currency disbursal figures: The math still doesn't add up
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.
Fruit, veggie vendors may shut shop as cash crunch continues
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.
V-Mart Retail allows cash withdrawal of Rs 2,000 from stores
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.