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Bank transactions
Bank transactions News
Bank transactions
25 May 2022
PAN, Aadhaar mandatory for transactions of Rs 20 lakh or more from May 26
CBDT said that producing PAN or biometric Aadhaar will be mandatory. Individuals will be required to apply for a PAN card at least seven days before making such transactions.
debit cards
24 Sep 2021
Auto-debit transactions from cards to change from October 1. Details here
For auto-debit payments over Rs 5,000, banks and other financial institutions will have to ask customers for second factor authentication. Before a transaction, banks will send a notification to a customer via SMS and email. The cardholder will have the option of approving or disapproving the transaction.
National Automated Clearing House
25 Jul 2021
RBI Update: Salary, pension, EMI payment rules to change from August 1
The Reserve Bank of India has come up with new guidelines and further changed the rules of the National Automated Clearing House (NACH). The new NACH rules showed that the payments such as salary and pensions can be transferred on weekends which is not possible now as it is only available when the banks are open. Recently, RBI Governor Shaktikanta Das had announced several key financial, economic measures amid the pandemic.
Cash transaction charges
06 Mar 2017
Pay more for cash transactions at SBI, ICICI, HDFC and other banks: Know details
The large banks in the country including market leader State Bank of India(SBI) have hiked cash transaction charges on deposits and withdrawals, leading to costlier banking.
UPI service
26 Aug 2016
UPI service of banking to ease fund transfer and other payment transactions
ATM
21 Dec 2014
ATM slips, bank transactions SMSes likely in Hindi soon
Very soon, ATM slips and messages from PSU banks on transactions could be in Hindi, if reports are to be true.
Infosys
02 Oct 2014
Infosys launches new solution for banks
The country's second largest software services firm Infosys Thursday launched a new solution to help banks simplify transaction reconciliation processes.
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