Penalty from accounts to partly fund Aadhaar linkage costs: SBI
State Bank of India (SBI) expects to collect Rs 2,000 crore as penalty on savings bank accounts which have failed to maintain a minimum balance, a sum which may be used to partly cover the costs incurred on the linking of accounts with Aadhaar.
Sep 17, 2017, 13:36 PM IST
No limits on cash withdrawals through ATMs, current a/cs from tomorrow
In a big relief to people and small businesses, RBI has announced lifting of restrictions on daily withdrawal of money from ATMs and from current accounts but the weekly limit of Rs 24,000 on savings bank accounts will continue.
Jan 31, 2017, 09:28 AM IST
No ATM withdrawal limit from February 1, cap on savings accounts to continue
In a big relief to people and small businesses, RBI on Monday announced lifting of restrictions on daily withdrawal of money from ATMs and from current accounts but the weekly limit of Rs 24,000 on savings bank accounts will continue.
Jan 30, 2017, 17:20 PM IST
Inform customers about fall in minimum balance: RBI to banks
The Reserve Bank on Thursday asked banks to inform their customers about fall in minimum balance well in advance and said that penal charges should be levied only to the extent of shortfall in such balances.
Nov 20, 2014, 17:10 PM IST
