Cash Withdrawal

Withdrawing without debit or credit cards reduces chances of transaction failure due to wrong PINs, or lost or stolen cards; note, however, that very few banks offer UPI-based withdrawals currently

The India Post Payments Bank has increased charges for the Aadhaar Enabled Payment System service. The revised AePS Issuer transaction charges will be effective from December 1, 2022

Also, there is no GST on crematorium, funeral, burial, or mortuary services, the minister said and explained the Goods and Service Tax has been levied on the construction of new crematoriums.

NPCI advised to facilitate Unified Payments Interface (UPI) integration with all banks and ATM networks.

NPCI has been advised to facilitate Unified Payments Interface integration with all banks and ATM networks, says RBI

This is expected to enhance ease of transactions and eliminate frauds at the same time

SBI will charge Rs 15 plus GST per cash withdrawal beyond 4 free cash withdrawals.

State Bank of India has increased the cash withdrawal limits through cheques and withdrawal forms for its customers at non-home branches

The department has facilitated a new functionality for banks and post offices through which they can ascertain the TDS applicability rates

On September 23, the RBI had imposed regulatory restrictions on the PMC Bank for six months over alleged financial irregularities

This is the fifth increase in withdrawal limit since the bank was placed under its direct control with an administrator on September 23

Decline in cash withdrawals is intriguing even as limits on withdrawals were removed from March 13

Business Standard Twitter poll saw 78 per cent disagreeing with imposition of this fee by some banks

Police arrangements commenced from 9 am in the morning