Cash Withdrawal

Demonetisation: Cash withdrawals decline; are Indians turning cashless or bank ATMs running out of money?

Main reason for the downward trend in cash withdrawals in March appears to be that there is simply not enough lower denomination notes available in the banking system (one likely reason why the RBI is now thinking of introducing Rs 200 notes) to fill the ATMs

RBI removes all cash withdrawal limits after 4 months of note ban; ATMs run dry in Hyderabad

On 30 January, the RBI had ended all curbs on withdrawals from Current Accounts, Cash Credit Accounts and Overdraft Accounts.

SBI to charge for breach of minimum balance from 1 April; revise charges on ATMs, other services

The Reserve Bank has permitted banks to levy charges for breaching minimum balance limit.

RBI hikes ATM withdrawal limit to Rs 10,000: 3 reasons why cash hoarding is likely to continue

If RBI comes forward and be transparent on the cash situation, it can cure the panic among public to a great extent

Is the govt preparing ground for introducing cash withdrawal tax in this budget?

The proposal could be made in the forthcoming Union Budget for fiscal year 2017-18, which is mainly aimed at getting hold of black money holders and lower cash transactions in the economy

Demonetisation guidelines: Govt should end flip-flops and make up its mind

The frequent changes to guidelines is confusing not only for the consumer but even for the banks; it only serves to increase the friction between them

Demonetisation: Using Aadhar to exchange cash? State purpose on photocopy to prevent misuse, says UIDAI

UIDAI has cautioned the public to clearly indicate purpose of providing photocopies of their Aadhaar letter to prevent misuse of the same while using photocopies to withdraw or exchange cash

Demonetisation: Charges on ATM transactions waived till December 30

The government's decision to demonetise old Rs 500 and Rs 1,000 notes from November 9 has lead to shortage of cash with the public.

Rs 500, Rs 1,000 ban: ATMs shut; banks fail to keep promise, anger customers across India

Disappointment and resentment deepen as most ATMs remain shut despite the promise to the contrary; experts feel people will have to wait patiently

Rs 500, Rs 1,000 notes banned: Nobody explains it like RBI; 25 things to remember

The RBI has explained the scheme in most simple terms. We reproduce it for the benefit of the common man