banks could end up paying thousands of crores in tax for the free services provided to customers over the past five years. If the Income tax department’s demand is upheld, customers may be charged for many services in future.
The tax department has asked country's top lenders including State Bank of India, HDFC Bank, ICICI Bank, Axis Bank and Kotak Mahindra Bank to pay tax that could run into thousands of crores, on 'free services' provided to customers…
A cash crunch has been reported in ATM in several states of India, including Karnataka, Maharashtra, Andhra Pradesh, Rajasthan, Uttar Pradesh, Madhya Pradesh and Telangana.
नोटबंदी के बाद एक बार फिर एटीएम (ATM) और बैंकों में कैश का संकट गहरा गया है। एटीएम में कैश की किल्लत को लेकर कई कारण सामने आ रहे हैं।
These 'smart' ATMs can perform Aadhaar -based biometric authentication, and all other transactions via net banking as against merely dispensing cash.
Niti Aayog CEO today said debit and credit cards as well as ATM will be redundant in next three-four years and people will use their mobile phones.
Limits on Cash withdrawals from Bank accounts and ATMs – Restoration of status quo ante
ATM cash withdrawal limit increased to 4500 - RBI Circular for Cash withdrawal from ATMs – Enhancement of daily limits to 4500
Finance Ministry OM on Encouraging usage of Debit Cards among Government employees
As salaries are likely to be credited in the accounts of employees, the rush to withdraw money to pay bills is going to increase manifold.
The central government's decision to pay its 42 lakh Group C and D employees Rs 10,000 each in cash has one shocking fallout.