Banks

RBI issues new, revised instructions on safe deposit lockers in banks

The Reserve Bank of India (RBI) on Wednesday said that the banks should keep a branch-wise list of vacant lockers as well as one on waiting list for the purpose of allotment of safe boxes and ensure transparency. The RBI also noted that the new order would come into effect from January 1, 2022, and …

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Fed up with ‘no cash’ in nearest ATMs? Banks to pay fines from October

The Reserve Bank of India (RBI) has directed all banks and White Label ATM operators to ensure timely replenishment of ATMs to avoid cash-outs or else face penalties. Asking chairmen, managing directors and CEOs of all banks to strengthen their systems to monitor the availability of cash in ATMs, RBI said in a letter that …

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HDFC Bank’s ‘Cardless Cash’ process: How to withdraw money without ATM card

If you are an HDFC Bank customer in need of cash but have forgotten your debit card at home, then worry not as the Mumbai-headquartered bank has laid out its “Cardless Cash Withdrawal” process. As the name suggests, one can obtain cash from an HDFC Bank ATM even when they are not carrying their debit …

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Banks to remain closed for 15 days in August. Check dates here

Banks in India will remain closed for 15 days in the month of August. According to the Reserve Bank of India (RBI) calendar, apart from second and fourth Saturdays and the Sundays, there are a total of eight holidays in the month of August. However, amongst these eight holidays some are state specific holidays so …

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Depositors of banks under moratorium to access money within 90 days

On 91st or 95th day after the bank is placed under moratorium, you will get your money as the new rules will not wait for the eventual liquidation or resolution, finance minister Nirmala Sitharaman said. The Union Cabinet on Wednesday cleared the Deposit insurance and credit guarantee corporation bill 2021 under which depositors of banks …

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Banks to stop issuing new cards on Mastercard network from July 22 after RBI ban

The Reserve Bank of India (RBI) pulled the plug on Mastercard over non-compliance with directions on ‘Storage of Payment System Data’. By hindustantimes.com | Edited by Kunal Gaurav, Hindustan Times, New Delhi PUBLISHED ON JUL 21, 2021 09:37 PM IST The Reserve Bank of India (RBI) ban on Mastercard Asia Pacific to onboard new debit, …

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Bank holiday on Eid-al-Adha: Check where banks will remain open on this day

Banks in most parts of India will remain closed on July 21 on account of Eid-al-Adha. The Reserve Bank of India (RBI) has categorised holidays under three categories – Holiday under Negotiable Instruments Act; Holiday under Negotiable Instruments Act and Real-Time Gross Settlement Holiday; and Banks’ Closing of Accounts. However, only the gazetted holidays are …

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