RBI’s new ATM rules: What is changing?

RBI has clarified the rules related to ATM transactions, cash limit and bank charges.

Free ATM Transactions (in metro cities)

Customers get the facility of 3 free ATM transactions. This includes both cash withdrawal and balance check.

Free ATM Transactions (in Non-Metro Cities)

Customers in non-metro cities are offered 5 free transactions.

What happens after the free limit?

If you transact more than the set limit, the bank will levy a charge.
Maximum Rs 23 + GST ​​per transaction.
For non-financial (like balance check) some banks charge Rs 11.

Banks’ charges

• PNB: Rs 23 (financial), Rs 11 (non-financial)
• HDFC: Rs 23 flat charge
• SBI: Old rates are applicable now.

Cash Deposit and Withdrawal

There is usually no charge on cash deposit (Cash Recycler Machines).
Charges are levied as per the bank for withdrawals exceeding the limit.

Annual limit of cash transactions:

It is mandatory to provide PAN and Aadhaar for depositing/withdrawing cash of Rs 20 lakh or more in a year.
This rule is to prevent black money.

How to avoid unnecessary charges?

Use your own bank’s ATM.
Use netbanking/mobile banking for balance check and statement.
Keep track of ATM usage every month.

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Cash transaction charge

For savings accounts, customers can avail 5 free cash transactions per month or deposit or withdraw up to Rs 5 lakh in cash, whichever is earlier. After this, a charge of Rs 4 will be levied for every Rs 1,000 or part thereof, with a minimum charge of Rs 100 per transaction.

Penalty for not maintaining Average Monthly Balance (AMB)

Club, Delight, all NRI and resident savings scheme account holders will be required to maintain an AMB of Rs 5,000.

General customers will be charged Rs 75 for a reduction of up to 20% and a maximum of Rs 375 for a reduction of 100%.

This charge on senior citizens will be between Rs 60 and Rs 300.

For all accounts in rural branches, the charges will be slightly lower — general customers will pay Rs 60 – Rs 300, and senior citizens will pay Rs 50 – Rs 250.

ATM transaction charges

Transactions beyond the free limit at other bank ATMs will be charged Rs 23 for financial transactions and Rs 12 for non-financial transactions (like balance enquiry).

• A charge of Rs 25 per transaction will be levied for rejected transactions due to low balance.
• No charges will be levied at Federal Bank ATMs.
• Inward cheque return charges
• 400 rupees per time for rural areas and senior citizens,
• For other customers, a charge of Rs 500 per time has been fixed.

Locker Rent

Rural and Semi-Urban Branches

Small locker: Annual rent of Rs 2,000

Medium: Fare Rs 3,300

Big: Fare Rs 5,500

Urban and Metro branches

Small locker: Rent Rs 2,950 to Rs 5,000

Medium: Rs 3,950 to Rs 6,800

Big: Fares range from Rs 7,400 to Rs 12,800

Account closure charges

100 rupees if closed within 6 months

If closed between 6-12 months: Rs 100 for rural or senior citizen accounts, Rs 300 for other accounts. Also, there will be no charge if the account is closed within 14 days of the first deposit.

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In today’s era, the way of making payments has completely changed. Now people make payments digitally. Through UPI, your payment is done in a few seconds. Even from drinking tea to paying the rickshaw fare, people now pay online.

But despite this, cash is needed for some work. There are some people in the country who still prefer to make cash payments instead of online payments. Nowadays, no one goes to the bank to withdraw cash.

Rather, people withdraw money from ATM for this. If you also make cash payments and withdraw money from ATM, then now you should be careful because you can withdraw free money from ATM only so many times. After this, you will have to pay extra fee. Let us tell you the whole news.

Actually, from 1st May 2025, the rules for withdrawing money from ATM have changed. According to the rules of Reserve Bank of India, if someone transacts up to the free limit, but after that, when he withdraws money, he has to pay a charge.

Earlier, Rs 21 had to be paid for every transaction. But now it has been increased after the new rules, now after the free limit, people will have to pay Rs 23 instead of Rs 21. This rule has come into effect from 1 May 2025.

Let us tell you that if you live in metro cities like Delhi, Mumbai, Bangalore and Kolkata, then you can withdraw free money from ATM three times a month. Whereas in non-metro cities i.e. small cities, you can withdraw money five times.But after this, if you withdraw money from the ATM, you have to pay a charge which has now been increased by the RBI. Let us tell you that if you check the balance from any other bank other than your own or take out a mini statement, then also you will have to pay a charge.

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According to PTI news, RBI asked banks to withdraw 100 and 200 rupee notes from ATMs. Banks and White Label ATM Operators (WLAO) will have to implement this instruction in a phased manner.

Instructions to all banks and white label ATM operators

According to the news, the Reserve Bank of India (RBI) said in a circular that in an effort to increase people’s access to frequently used denomination banknotes, it has been decided that all banks and White Label ATM Operators (WLAO) will ensure that their ATMs dispense Rs 100 and Rs 200 notes on a regular basis. According to the circular, by September 30, 2025, 75 percent of all ATMs (Automated Teller Machines) will dispense at least one cassette of Rs 100 or Rs 200 denomination banknotes.

There have been complaints from customers

By March 31, 2026, 90 percent of all ATMs will dispense bank notes of Rs 100 or Rs 200 denomination from at least one cassette. Customers have often complained that ATMs dispense less or no Rs 100 and Rs 200 notes. Mostly Rs 500 notes come out. After this new circular from RBI, such complaints will be reduced.

ATM fee rules will change from May 1

From May 1, 2025, the updated infrastructure for ATM transaction charges by the Reserve Bank of India will come into effect. This will change the free transaction limit, charges for additional transactions and interchange fee structure across the country. From May 1, customers will be entitled to a certain number of free ATM transactions every month. Under this, three transactions will be free in metropolitan areas and five in non-metropolitan areas. These transactions include both financial and non-financial activities.

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But SBI runs such an FD scheme for its investors, in which there is no hassle of lock-in period. You can keep the deposit in it for as long as you want and keep taking the interest on the FD and whenever you need, you can withdraw money from the ATM quickly. Know the special things related to this FD of SBI.

Know what this scheme is

We are talking about SBI (MODS) scheme. Its full name is SBI Multi Option Deposit Scheme. In this scheme, the depositor gets the same interest as on other FDs. The advantage of this scheme is that your money always remains liquid, that is, you can withdraw money anytime before the maturity of the FD without paying any penalty.

Facility to withdraw money from ATM

You can withdraw this money through ATM or cheque, just like you withdraw money from a savings account. Actually, this FD scheme is linked to the depositor’s savings or current account. In such a situation, depositors get the facility to withdraw the required amount from the FD anytime through ATM.

It is not necessary to withdraw the entire amount

Usually when you break an FD, you withdraw the entire amount, but in SBI (MODS) it is not necessary to do so. You can withdraw money according to your need in multiples of 1000 rupees i.e. 1,000, 2,000, 5,000, 10,000 rupees. After the amount withdrawn, you will continue to get FD interest on the remaining amount. It is not that the facility of withdrawing money is for one time, you can withdraw money many times in multiples of 1000 rupees.

These are the interest rates of SBI (MODS)

In SBI (MODS) you can deposit money for a period of one year to 5 years. The interest rates vary according to the year. Like normal FD, senior citizens also get an additional interest of 0.50%. Nomination facility is also available in this scheme. However, even after taking this scheme, it is necessary to maintain Average Monthly Balance (AMB) in the savings account.

Minimum balance required in linked savings account

You can also get this account transferred to another branch. MOD account also has the facility of auto-sweep. A limit has to be set in it, as soon as your deposit goes above that limit, the bank deposits that extra fund in FD through auto-sweep. The minimum threshold balance for auto sweep should be Rs 35,000 and the minimum resultant balance should be Rs 25,000. If you also want to take advantage of this facility of SBI, then you can open the account online or by going to any nearest branch. You have to pay tax on the interest received in this.

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Under the new system, there will be a facility to withdraw PF money from a new app and ATM. Union Labor Minister Mansukh Mandaviya has announced that EPFO’s new software system EPFO ​​3.0 will be launched this year. This new system will give a convenient and user-friendly experience to the employees.

EPFO ATM Card Service

Under EPFO ​​3.0, all members will be given ATM cards. Through this card, employees will be able to easily withdraw and manage the amount of their Provident Fund (PF) account. This service will especially help in times of financial emergency. According to Union Minister Mandaviya, the initial improvements in the website and system will be completed by this month. After this, EPFO ​​3.0 will be implemented in a phased manner.

Service of withdrawing PF from ATM will be available

EPFO members will be able to withdraw money from their PF account directly through ATM from 2025. There will be minimal human intervention in this process. That is, money can be withdrawn from PF without any official clearance. This system will allow customers to settle their claims in one click.

when will the new mobile app come

New mobile applications and other digital services will also be launched under EPFO ​​3.0. Union Minister Mandaviya said that new apps, ATM cards and advanced software will be launched by June 2025. Apart from this, the Ministry of Labor is planning to remove the mandatory contribution limit of 12%. Employees can be given the option to contribute to PF according to their savings. Also, there is a proposal to change this amount in pension with the consent of the employee.

Purpose of EPFO ​​3.0

The aim of EPFO ​​3.0 is to make services simple, fast and transparent using digital technology. This initiative will not only improve the customer experience but will also improve the financial management of employees. This new initiative of EPFO ​​will give crores of employees the option of a safe PF management, which is not available right now.

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Employees’ Provident Fund Organization (EPFO) is very helpful for those people who are generally employed and are not able to save much money over time. In such a situation, the company and the employee deposit the same amount in the account opened in EPFO. Sometimes this amount becomes so much on retirement that any retiree can easily live his life ahead. But sometimes money is needed during the job itself.

In such a situation, the biggest problem is how to withdraw EPFO ​​money. For this, EPFO ​​has made some rules on the basis of which money can be withdrawn. But with time, many big changes have also taken place in this. Now EPFO ​​account holders will be able to withdraw their money from ATM just like bank ATM.

Update came regarding EPFO ​​ATM

A big information has come out regarding EPFO ​​account holders. This information has been given by Union Minister Mansukh Mandaviya himself. He told that EPFO ​​will update its software by June this year. That means EPFO ​​3.O will start with this.

How will the new system work

According to the Union Minister, the new system of EPFO ​​will work like the banking system in the country. Its facilities will also be like any bank and the account holders will be provided an ATM card. All its information will be uploaded on the EPFO ​​website and focus is being laid on making the website interface work in a simple manner for more users.

ATM card will be issued in EPFO ​​3.0

With the launch of EPFO ​​3.0, all account holders will also be provided an ATM card. The special thing is that through this ATM card, all account holders will be able to withdraw as much money as they want from their account. This ATM will also work in all bank ATMs. That means now any EPFO ​​account holder will not face any problem in withdrawing money.

It is being said that the work on the system will be completed by June and after that ATMs will be distributed to the account holders. However, this process may take a few months. But it is being said that this work will also be completed by the end of this year and people will continue to get the facility to withdraw money.

The limit for withdrawing money will be fixed

Let us tell you that EPFO ​​account holders will be able to withdraw money from ATM but this amount will also be limited. According to media reports, account holders will be able to withdraw only 50 percent of their deposited amount. However, this amount can be increased under certain conditions.

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ATM cards will be provided to EPFO ​​members

In case of any emergency, EPFO ​​members will be able to withdraw money up to a fixed limit. The Union Minister said that after the launch of EPFO ​​3.0, ATM cards will be provided to EPFO ​​members. He said that the first phase of upgrading the website and system under IT System 2.01 will be completed by the end of January 2025. After this, there will be no problem in withdrawing money from the PF account due to mistake in the name or any other reason. He claimed that by May-June the entire system of EPFO ​​will start working like a bank.

EPFO data is being centralized

Under IT System 2.01, all the data of EPFO ​​is being centralized. Talking to journalists, he said that currently PF account holders have to face many problems while withdrawing money. But after the system upgrade, problems like mistake in name, Aadhaar and bank account number not being updated and PF of old company not being transferred will not be faced. After the system upgrade is complete, many types of work including PF withdrawal will be done easily. After this, it will not take much time to catch the mistakes and correct them.

Employment increased in NDA government compared to UPA government

Countering the opposition’s allegation of rising unemployment in the country, Mandaviya claimed that employment has increased in NDA government compared to UPA government. He said that employment in the country has increased by 36 percent in the last 10 years to 64.33 crores in 2023-24. Whereas in 2014-15 it was 47.15 crores. He said that under the UPA government, employment had increased by about 7 percent between 2004 and 2014. He said that during the UPA government, only 2.9 crore additional jobs were created between 2004 and 2014, while under the Narendra Modi government, 17.19 crore jobs were added between 2014-24.

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The Labor Ministry is upgrading its IT systems to provide better service to a large workforce of the country. The Labor Secretary said, ‘We are quickly settling the claims filed by the members and simplifying the process to improve the ease of living. Now a beneficiary making a claim can get his claim amount directly from the ATM. This will minimize human intervention and make the process easier.’

The money for which the claim has been filed by the employees will be withdrawn from the ATM. Employees have to apply for partial withdrawal. Employees can withdraw PF money only under certain circumstances. Employees can submit a claim for partial withdrawal through the EPFO ​​website (https://www.epfindia.gov.in) or the Umang app.

Big changes will be seen in the new year

The Labor Secretary told news agency ANI, ‘Systems are constantly being upgraded. Every 2 to 3 months you will see significant improvements. I am confident that a big change will be seen from January 2025. When we will have IT 2.1 version in EPFO. ‘ He said that our goal is to bring the IT infrastructure of EPFO ​​to the same level as our banking system. Let us tell you that EPFO ​​​​i.e. Employees Provident Fund Organization has about 7 crore active contributors. The Labor Secretary also praised the government’s efforts towards improving EPFO ​​​​services to increase the ease of living.

Gig workers will get these benefits

Regarding the plans to provide social security benefits to gig workers, the labour secretary said the progress is in an advanced stage but refrained from giving any timeline. “A lot of work has been done and we have outlined a plan, which will now be finalised. These benefits may include medical health coverage, PF and financial assistance in case of disability,” he said. A committee comprising representatives of various stakeholders has been set up to propose a framework for providing social security and welfare benefits to gig and platform workers. Gig and platform workers were first defined in the Social Security Code of 2020, which was enacted by Parliament. The Code contains provisions relating to their social security and welfare.

Unemployment has decreased significantly

On the issue of unemployment, the Labour Secretary said that the unemployment rate has declined. He said, “The unemployment rate was 6 per cent in 2017. Today, it has come down to 3.2 per cent. Moreover, our workforce is growing. The labour force participation rate is increasing and the worker participation ratio, which indicates how many people are actually employed, has reached 58 per cent and is rising.”

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Private sector employees will be able to invest more than the fixed limit in PF. Now there will be no limit on investment. After PAN 2.0, the central government is now preparing to launch EPFO ​​3.0 scheme. Many new facilities will be added to this scheme, which will prove beneficial for PF subscribers. Removing the limit of 12% PF contribution of employees is being considered.

Withdrawing money from PF will be as easy as withdrawing money from ATM

Under EPFO ​​3.0, subscribers will get the facility to withdraw money from PF through ATM. This new service is expected to be implemented by May-June 2025. This proposal of EPFO ​​is currently at the initial stage of discussion. In doing so, the government’s aim is to give subscribers more flexibility and better service for their savings and pension. After the implementation of EPFO ​​3.0 scheme, subscribers will get better retirement benefits and PF management will become easier than before.

Employees will be able to invest more in PF – there will be no limit of 12%

Also, subscribers can get the option to contribute more to their PF account according to their savings. Now employees can deposit more money than the fixed limit in their PF account at any time if they want. However, the contribution of employers or companies will remain salary based, which will maintain the stability of the system.

Reforms in pension schemes

The government is also planning to make changes in EPS-95 i.e. Employee Pension Scheme 1995. The entire 12% contribution of the employee goes to the EPF account, while the employer’s 8.33% contribution is deposited in EPS-95 and 3.67% in the EPF account. Under the new scheme, employees may get the option to contribute directly to EPS-95. This will enable subscribers to increase their pension amount.

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What is the plan

According to a CNBC report, EPFO ​​subscribers may have the option to withdraw PF directly using ATMs, a move aimed at making withdrawals more convenient. According to the report, the Labour Ministry is reportedly working on issuing cards to enable PF withdrawals through ATMs. The facility is expected to be launched by May-June 2025, providing further relief to EPFO ​​subscribers.

This is also the proposal

Apart from this, EPFO ​​can remove the 12 percent limit on employee contribution to the Provident Fund (PF). The report said that employees may soon get the facility to contribute to their PF accounts based on their savings preferences. The scheme may also allow deposits beyond the current limit at any time. However, this proposal is in the initial discussion stage.

Whose contribution is how much

Let us tell you that at present 12 percent of the salary (basic salary and dearness allowance) of EPFO ​​members goes into the EPF account. Out of the 12 percent contribution of the employer, 8.33 percent goes to EPS-95, while the remaining 3.67 percent is deposited in the EPF account.

The source said that apart from improving social security benefits, the Narendra Modi government is also focusing on job creation in the country. Recently, the Ministry of Labor asked the EPFO ​​to focus on promoting infrastructure and capacity building preparations for launching the Employment Linked Incentive (ELI) scheme.

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If you want to withdraw money from an ATM machine, a debit card is required. But in today’s digital and technology era, you can withdraw money from ATM machine even without a debit card. For this you should only have your mobile. For this you do not need an ATM card. This banking service has been running for many days.

Although many banks were already providing the facility to their customers to withdraw money without card, but now the Reserve Bank has further expanded its scope. UPI i.e. Unified Payment Interface will be used for this facility. RBI has allowed banks to provide the facility of withdrawing money without using the card. Today we will talk in detail about withdrawing money from ATM without card.

To withdraw money from ATM without debit card, you must have a smartphone. Your smartphone should have any UPI enabled app like BHIM, Paytm, GPay, PhonePe etc. You will be able to withdraw money through these apps only.

Follow these steps

To withdraw money, first go to the ATM and choose the option to withdraw money without card. You will see the option to provide identification through UPI. After this, open the UPI app in your mobile and scan the QR code visible in front. You will be authenticated through UPI and after that you will be able to withdraw money. The further process will be the same as before. Enter the amount of money you want and withdraw your money.

Which technology will be used?

The Reserve Bank will soon issue separate instructions to NPCI, ATM network and banks to provide the facility of withdrawing money from ATM without debit card. Unified Payment Interface i.e. UPI will be used for this facility. Customers will be identified through UPI and such transactions will be settled through the ATM network. Let us tell you that this step will also provide a lot of relief to banks.

Benefits of withdrawing money without card

Reserve Bank Governor Shakti anta Das has said that the facility of withdrawing money from ATM without card is very beneficial. He had said that the facility of cash withdrawal without card will help in preventing frauds like card skimming, card cloning. Apart from this, you will not need to keep the card with you. Your smartphone will do all this work.

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The need for debit or ATM cards will be eliminated!

The Hitachi Money Spot UPI ATM was unveiled on September 5 at the Global Fintech Fest 2023 in Mumbai. When these ATMs will be installed at more locations, then the need for debit or ATM card will be eliminated to withdraw cash from ATMs. UPI ATM helps any person to withdraw money from ATM with the help of UPI app.

How will you be able to withdraw money from UPI ATM?

Are you wondering how to withdraw money from UPI-ATM? Sunil Vikamse, Managing Director & CEO – Cash Business, Hitachi Payment Services, said, “UPI-ATM is easy to use, secure and effortless.”

Let’s know how to withdraw money from UPI-ATM…

1. Select the amount you want to withdraw in the ATM.
2. Now a QR code will appear on the screen with the selected amount.
3. Now you have to scan the QR code with the UPI app on your mobile phone.
4. You will need to enter the UPI PIN to authorize this transaction.
5. After authorization, cash will be disbursed from the ATM.

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Charges will be levied if ATM transaction fails

Punjab National Bank (PNB) customers are going to get a big shock. If a PNB customer does not have money in his account and does a transaction from an ATM and it fails, the bank will charge for this transaction. Rs 10 and GST will be charged separately on such transactions. Information in this regard has been given by sending messages to the customers on behalf of the bank. Apart from this, a notice has also been issued on the bank’s website. This rule is coming into force from 1 May 2023.

Tata Motors again increased the prices of cars

In terms of sales, the country’s number-3 car company Tata Motors has announced that it is going to increase the prices of all its cars and their models. The company is increasing the prices of all its models by up to 0.6 percent. Tata has increased the prices for the second time this year. Audi is also going to increase the prices of its vehicles. Luxury SUVs Q3 and Q3 Sportback will see a price hike of up to Rs 1 lakh. The Audi Q8 Celebration, Audi RS5 and the Audi S5 will see a price hike of up to Rs 4 lakh.

Brokers will not be able to take new bank guarantees from customers’ money

Brokers used to keep investors’ funds with the bank for guarantee as per their requirement and in such a situation there was a possibility of misuse of common investors’ money. But from May 1, brokers will not be able to do so. Markets regulator SEBI, in a recent circular, has mandated that stock brokers and clearing members can no longer pledge client money with banks as a guarantee. The existing bank guarantee, which is now, will be canceled by 30 September.

Receipt will have to be uploaded in 7 days

Companies whose total turnover is Rs 100 crore or more will now have to upload the electronic invoice ie receipt on the Invoice Registration Portal ie IRP within 7 days from May 1. Till now there was no such deadline. GST Network said that in order to ensure timely compliance, taxpayers falling within the prescribed turnover limit will not get the facility to report uploading of invoices older than seven days. Those who do not do this will not be able to take advantage of Input Tax Credit ie ITC.

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These changes include many things from GST rules to ATM transactions etc. Now the companies will have to upload the electronic invoice on the IRP within seven days of the issue of the electronic invoice. PNB’s ATM transaction failure will also be charged from today. Brokers will not be able to take bank guarantees from clients’ money. At the same time, Tata and Audi increased the prices of their vehicles. Let us tell you about the changes from today.

Charges will be levied if ATM transaction fails

Punjab National Bank (PNB) customers are going to get a big shock. If a PNB customer does not have money in his account and does a transaction from an ATM and it fails, the bank will charge for this transaction. Rs 10 and GST will be charged separately on such transactions. Information in this regard has been given by sending messages to the customers on behalf of the bank. Apart from this, a notice has also been issued on the bank’s website. This rule is coming into force from 1 May 2023.

Tata Motors again increased the prices of cars

In terms of sales, the country’s number-3 car company Tata Motors has announced that it is going to increase the prices of all its cars and their models. The company is increasing the prices of all its models by up to 0.6 percent. Tata has increased the prices for the second time this year. Audi is also going to increase the prices of its vehicles. Luxury SUVs Q3 and Q3 Sportback will see a price hike of up to Rs 1 lakh. The Audi Q8 Celebration, Audi RS5 and the Audi S5 will see a price hike of up to Rs 4 lakh.

Brokers will not be able to take new bank guarantees from customers’ money

Brokers used to keep investors’ funds with the bank for guarantee as per their requirement and in such a situation there was a possibility of misuse of common investors’ money. But from May 1, brokers will not be able to do so. Markets regulator SEBI, in a recent circular, has mandated that stock brokers and clearing members can no longer pledge client money with banks as a guarantee. The existing bank guarantee, which is now, will be canceled by 30 September.

Receipt will have to be uploaded in 7 days

Companies whose total turnover is Rs 100 crore or more will now have to upload the electronic invoice ie receipt on the Invoice Registration Portal ie IRP within 7 days from May 1. Till now there was no such deadline. GST Network said that in order to ensure timely compliance, taxpayers falling within the prescribed turnover limit will not get the facility to report uploading of invoices older than seven days. Those who do not do this will not be able to take advantage of Input Tax Credit ie ITC.

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These changes include many things from GST rules to ATM transactions etc. Now the companies will have to upload the electronic invoice on the IRP within seven days of the issue of the electronic invoice. PNB’s ATM transaction failure will also be charged from today. Brokers will not be able to take bank guarantees from clients’ money. At the same time, Tata and Audi increased the prices of their vehicles. Let us tell you about the changes from today.

Charges will be levied if ATM transaction fails

Punjab National Bank (PNB) customers are going to get a big shock. If a PNB customer does not have money in his account and does a transaction from an ATM and it fails, the bank will charge for this transaction. Rs 10 and GST will be charged separately on such transactions. Information in this regard has been given by sending messages to the customers on behalf of the bank. Apart from this, a notice has also been issued on the bank’s website. This rule is coming into force from 1 May 2023.

Tata Motors again increased the prices of cars

In terms of sales, the country’s number-3 car company Tata Motors has announced that it is going to increase the prices of all its cars and their models. The company is increasing the prices of all its models by up to 0.6 percent. Tata has increased the prices for the second time this year. Audi is also going to increase the prices of its vehicles. Luxury SUVs Q3 and Q3 Sportback will see a price hike of up to Rs 1 lakh. The Audi Q8 Celebration, Audi RS5 and the Audi S5 will see a price hike of up to Rs 4 lakh.

Brokers will not be able to take new bank guarantees from customers’ money

Brokers used to keep investors’ funds with the bank for guarantee as per their requirement and in such a situation there was a possibility of misuse of common investors’ money. But from May 1, brokers will not be able to do so. Markets regulator SEBI, in a recent circular, has mandated that stock brokers and clearing members can no longer pledge client money with banks as a guarantee. The existing bank guarantee, which is now, will be canceled by 30 September.

Receipt will have to be uploaded in 7 days

Companies whose total turnover is Rs 100 crore or more will now have to upload the electronic invoice ie receipt on the Invoice Registration Portal ie IRP within 7 days from May 1. Till now there was no such deadline. GST Network said that in order to ensure timely compliance, taxpayers falling within the prescribed turnover limit will not get the facility to report uploading of invoices older than seven days. Those who do not do this will not be able to take advantage of Input Tax Credit ie ITC.

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These changes include many things from GST rules to ATM transactions etc. Now the companies will have to upload the electronic invoice on the IRP within seven days of the issue of the electronic invoice. PNB’s ATM transaction failure will also be charged from today. Brokers will not be able to take bank guarantees from clients’ money. At the same time, Tata and Audi increased the prices of their vehicles. Let us tell you about the changes from today.

Charges will be levied if ATM transaction fails

Punjab National Bank (PNB) customers are going to get a big shock. If a PNB customer does not have money in his account and does a transaction from an ATM and it fails, the bank will charge for this transaction. Rs 10 and GST will be charged separately on such transactions. Information in this regard has been given by sending messages to the customers on behalf of the bank. Apart from this, a notice has also been issued on the bank’s website. This rule is coming into force from 1 May 2023.

Tata Motors again increased the prices of cars

In terms of sales, the country’s number-3 car company Tata Motors has announced that it is going to increase the prices of all its cars and their models. The company is increasing the prices of all its models by up to 0.6 percent. Tata has increased the prices for the second time this year. Audi is also going to increase the prices of its vehicles. Luxury SUVs Q3 and Q3 Sportback will see a price hike of up to Rs 1 lakh. The Audi Q8 Celebration, Audi RS5 and the Audi S5 will see a price hike of up to Rs 4 lakh.

Brokers will not be able to take new bank guarantees from customers’ money

Brokers used to keep investors’ funds with the bank for guarantee as per their requirement and in such a situation there was a possibility of misuse of common investors’ money. But from May 1, brokers will not be able to do so. Markets regulator SEBI, in a recent circular, has mandated that stock brokers and clearing members can no longer pledge client money with banks as a guarantee. The existing bank guarantee, which is now, will be canceled by 30 September.

Receipt will have to be uploaded in 7 days

Companies whose total turnover is Rs 100 crore or more will now have to upload the electronic invoice ie receipt on the Invoice Registration Portal ie IRP within 7 days from May 1. Till now there was no such deadline. GST Network said that in order to ensure timely compliance, taxpayers falling within the prescribed turnover limit will not get the facility to report uploading of invoices older than seven days. Those who do not do this will not be able to take advantage of Input Tax Credit ie ITC.

The post ATM Card Holders Alert! New rules have been implemented on ATM from today, charges will be imposed first appeared on Rightsofemployees.com.

Customers can withdraw money through the QR code displayed on the ATM. BOB said in a statement that it is the first public sector bank to offer cash withdrawal facility from ATMs through UPI.

The bank said that by availing its Interoperable Cardless Cash Withdrawal (ICCW) facility, customers of other participating banks using BHIM UPI and other UPI applications along with its customers will also be able to withdraw cash from ATMs. Customers will not need to use debit cards for cash withdrawal from Bank of Baroda (BoB) ATMs.

This is the process to withdraw money from UPI

To avail this service, the customer has to select the ‘UPI Cash Withdrawal’ option at the Bank of Baroda ATM. Then after entering the amount to be withdrawn, a QR code will be displayed on the screen of the ATM. This code needs to be scanned using the authorized UPI app for ICCW to authorize the transaction.

Transaction can be done twice in a day

The Bank’s Chief Digital Officer Akhil Handa said that the introduction of ICCW service will give customers the freedom to withdraw cash without using a card. At BOB ATMs, customers can do two transactions in a day and a maximum of Rs 5,000 can be withdrawn at a time.

The post Now the hassle of keeping Debit Card to withdraw money from ATM is over. New Withdrawal system started first appeared on Rightsofemployees.com.

These changes include many things from GST rules to ATM transactions etc. Now the companies will have to upload the electronic invoice on the IRP within seven days of the issue of the electronic invoice. PNB’s ATM transaction failure will also be charged from today. Brokers will not be able to take bank guarantees from clients’ money. At the same time, Tata and Audi increased the prices of their vehicles. Let us tell you about the changes from today.

Charges will be levied if ATM transaction fails

Punjab National Bank (PNB) customers are going to get a big shock. If a PNB customer does not have money in his account and does a transaction from an ATM and it fails, the bank will charge for this transaction. Rs 10 and GST will be charged separately on such transactions. Information in this regard has been given by sending messages to the customers on behalf of the bank. Apart from this, a notice has also been issued on the bank’s website. This rule is coming into force from 1 May 2023.

Tata Motors again increased the prices of cars

In terms of sales, the country’s number-3 car company Tata Motors has announced that it is going to increase the prices of all its cars and their models. The company is increasing the prices of all its models by up to 0.6 percent. Tata has increased the prices for the second time this year. Audi is also going to increase the prices of its vehicles. Luxury SUVs Q3 and Q3 Sportback will see a price hike of up to Rs 1 lakh. The Audi Q8 Celebration, Audi RS5 and the Audi S5 will see a price hike of up to Rs 4 lakh.

Brokers will not be able to take new bank guarantees from customers’ money

Brokers used to keep investors’ funds with the bank for guarantee as per their requirement and in such a situation there was a possibility of misuse of common investors’ money. But from May 1, brokers will not be able to do so. Markets regulator SEBI, in a recent circular, has mandated that stock brokers and clearing members can no longer pledge client money with banks as a guarantee. The existing bank guarantee, which is now, will be canceled by 30 September.

Receipt will have to be uploaded in 7 days

Companies whose total turnover is Rs 100 crore or more will now have to upload the electronic invoice ie receipt on the Invoice Registration Portal ie IRP within 7 days from May 1. Till now there was no such deadline. GST Network said that in order to ensure timely compliance, taxpayers falling within the prescribed turnover limit will not get the facility to report uploading of invoices older than seven days. Those who do not do this will not be able to take advantage of Input Tax Credit ie ITC.

The post ATM Card Holders Alert! New rules have been implemented on ATM from today, charges will be imposed first appeared on Rightsofemployees.com.

These changes include many things from GST rules to ATM transactions etc. Now the companies will have to upload the electronic invoice on the IRP within seven days of the issue of the electronic invoice. PNB’s ATM transaction failure will also be charged from today. Brokers will not be able to take bank guarantees from clients’ money. At the same time, Tata and Audi increased the prices of their vehicles. Let us tell you about the changes from today.

Charges will be levied if ATM transaction fails

Punjab National Bank (PNB) customers are going to get a big shock. If a PNB customer does not have money in his account and does a transaction from an ATM and it fails, the bank will charge for this transaction. Rs 10 and GST will be charged separately on such transactions. Information in this regard has been given by sending messages to the customers on behalf of the bank. Apart from this, a notice has also been issued on the bank’s website. This rule is coming into force from 1 May 2023.

Tata Motors again increased the prices of cars

In terms of sales, the country’s number-3 car company Tata Motors has announced that it is going to increase the prices of all its cars and their models. The company is increasing the prices of all its models by up to 0.6 percent. Tata has increased the prices for the second time this year. Audi is also going to increase the prices of its vehicles. Luxury SUVs Q3 and Q3 Sportback will see a price hike of up to Rs 1 lakh. The Audi Q8 Celebration, Audi RS5 and the Audi S5 will see a price hike of up to Rs 4 lakh.

Brokers will not be able to take new bank guarantees from customers’ money

Brokers used to keep investors’ funds with the bank for guarantee as per their requirement and in such a situation there was a possibility of misuse of common investors’ money. But from May 1, brokers will not be able to do so. Markets regulator SEBI, in a recent circular, has mandated that stock brokers and clearing members can no longer pledge client money with banks as a guarantee. The existing bank guarantee, which is now, will be canceled by 30 September.

Receipt will have to be uploaded in 7 days

Companies whose total turnover is Rs 100 crore or more will now have to upload the electronic invoice ie receipt on the Invoice Registration Portal ie IRP within 7 days from May 1. Till now there was no such deadline. GST Network said that in order to ensure timely compliance, taxpayers falling within the prescribed turnover limit will not get the facility to report uploading of invoices older than seven days. Those who do not do this will not be able to take advantage of Input Tax Credit ie ITC.

The post ATM Withdrawal Rules Changed: New rules have been implemented on ATM from today, charges will be imposed first appeared on Rightsofemployees.com.

According to the PNB website, if you do not have sufficient balance in your account and the ATM transaction does not go through, you will be charged Rs 10 + GST ​​for cash withdrawal transactions. PNB told its customer, “Dear Customer, w.e.f. 01.05.2023, a charge of Rs 10 + GST ​​will be levied on domestic ATM cash withdrawal transactions that fail due to insufficient balance.

Revision in Debit Card Charges

As informed by PNB, the bank is revising debit card and prepaid card issuance charges and annual maintenance charges. Apart from this, PoS and e-commerce transactions done through debit cards will be charged. However, this charge will be levied only if the customer’s bank account does not have sufficient funds and the transaction could not be done because of this. That is, when you buy goods from an e-commerce website like Amazon Flipkart and pay with POS and debit card, but for some reason there is not enough balance in your account and the transaction fails, even then the bank is planning to impose penalty.

Below are the guidelines for failed ATM transactions as per PNB’s website.

1. Complaint regarding failed ATM transaction is to be addressed within 7 working days.
2. If the transaction does not happen within 30 days from the date of failure, a compensation of Rs 100 per day will be given by the bank.
3. If there is any problem or complaint, you can contact on customer care number 0120-2490000 or 18001802222, 1800 103 2222.

The post PNB Bank New Rule: Shock for crores of PNB customers, the bank is going to charge on such transactions from May 1 first appeared on Rightsofemployees.com.

Many times it happens that even while withdrawing money from ATM, mutilated or old notes are found. In such a situation people get worried. But you don’t need to worry. For this you must see the RBI guideline . This will solve your problem and your difficulties will also go away.

Notes of 100, 200, 500 rupees are issued by the Reserve Bank of India, but after the demonetization across the country, many types of viral and fake news about the notes keep coming to the fore. If you also want to replace old or mutilated notes, now you can do this easily. For this you can contact your nearest branch. There you can exchange notes and coins. If two notes have the same serial number, will they be considered valid?

In this regard, the Reserve Bank says that it is possible that two or more bank notes may have the same serial number, but either have different inset letters or different printing years or different governors of the Reserve Bank of India. Can. An inset letter is a character printed on the number panel of a banknote. Notes can also be without any inset letter.

These are the ways to identify fake notes

The Reserve Bank has told in its guideline to identify the new 500 note that a few days ago it was being claimed in a message that the note of 500 rupees is fake, in which the green strip is not near the signature of the RBI governor, but of Gandhiji. Near the picture. Describing it as fake, PIB tweeted that both types of notes are valid. Also RBI has shared a PDF to help common citizen to find difference between genuine vs fake Rs 500 notes.

How to identify unfit notes

1. If the notes have become very dirty and there is a lot of soil in them, then in such a situation they are considered unfit.
2. Many times, due to the long use of notes, the notes become loose or loose. Such notes become unfit.
3. Notes torn from edge to center are unfit.
4. If the area of ​​dog ears made in the note is more than 100 square millimetres, then it will be considered unfit.
5. Notes which have holes larger than 8 square millimeters are considered unfit notes.
6. Any graphic change in the note is considered as unfit note.
7. If the ink of the pen is smeared on the note, then it is an unfit note.
8. If the color of the note fades, then it is an unfit note.
9. If there are things like tape, glue on the note, then such note is considered unfit.
10. If the color of the note changes, then in such a situation such note is considered unfit.

Know what the rule of RBI says?

According to the new rules of the Reserve Bank, if you also have old or mutilated notes of 500 rupees, then you do not need to worry at all. Now you can exchange such notes by visiting any branch of the bank. If a bank employee refuses to exchange your note, then you can also file a complaint about this. You have to keep in mind that the worse the condition of the note, the less its value decreases.

keep these things in mind

According to RBI, any torn note will be accepted only when a part of it is missing, or which consists of more than two pieces and is pasted together, provided that no essential part of it is missing. If some special parts of the currency note, such as the name of the issuing authority, guarantee and promise clause, signature, Ashoka Pillar, Mahatma Gandhi’s picture, water mark, etc. are also missing, then your note will not be exchanged. Soiled notes which have become unusable due to circulation in the market for a long time can also be exchanged.

You can change notes like this

Tell that if you have a lot of burnt notes, or notes stuck together, then they can also be changed from the RBI office, but the bank will not take them, you will have to take them to the issue office of RBI. It has to be remembered that these things will definitely be checked by the institution that the damage to your note is genuine and not intentionally damaged.

The post RBI Issue Rule On 500 Rupee: Big news! RBI issued new guideline regarding Rs 500 rupee note, Check the new guideline, otherwise… first appeared on Rightsofemployees.com.

According to the PNB website, if you do not have sufficient balance in your account and the ATM transaction does not go through, you will be charged Rs 10 + GST ​​for cash withdrawal transactions. PNB told its customer, “Dear Customer, w.e.f. 01.05.2023, a charge of Rs 10 + GST ​​will be levied on domestic ATM cash withdrawal transactions that fail due to insufficient balance.

Revision in Debit Card Charges

As informed by PNB, the bank is revising debit card and prepaid card issuance charges and annual maintenance charges. Apart from this, PoS and e-commerce transactions done through debit cards will be charged. However, this charge will be levied only if the customer’s bank account does not have sufficient funds and the transaction could not be done because of this. That is, when you buy goods from an e-commerce website like Amazon Flipkart and pay with POS and debit card, but for some reason there is not enough balance in your account and the transaction fails, even then the bank is planning to impose penalty.

Below are the guidelines for failed ATM transactions as per PNB’s website.

1. Complaint regarding failed ATM transaction is to be addressed within 7 working days.
2. If the transaction does not happen within 30 days from the date of failure, a compensation of Rs 100 per day will be given by the bank.
3. If there is any problem or complaint, you can contact on customer care number 0120-2490000 or 18001802222, 1800 103 2222.

The post PNB Bank New Rule: Shock for crores of PNB customers, the bank is going to charge on such transactions from May 1 first appeared on Rightsofemployees.com.

According to the PNB website, if you do not have sufficient balance in your account and the ATM transaction does not go through, you will be charged Rs 10 + GST ​​for cash withdrawal transactions. PNB told its customer, “Dear Customer, w.e.f. 01.05.2023, a charge of Rs 10 + GST ​​will be levied on domestic ATM cash withdrawal transactions that fail due to insufficient balance.

Revision in Debit Card Charges

As informed by PNB, the bank is revising debit card and prepaid card issuance charges and annual maintenance charges. Apart from this, PoS and e-commerce transactions done through debit cards will be charged. However, this charge will be levied only if the customer’s bank account does not have sufficient funds and the transaction could not be done because of this. That is, when you buy goods from an e-commerce website like Amazon Flipkart and pay with POS and debit card, but for some reason there is not enough balance in your account and the transaction fails, even then the bank is planning to impose penalty.

Below are the guidelines for failed ATM transactions as per PNB’s website.

1. Complaint regarding failed ATM transaction is to be addressed within 7 working days.
2. If the transaction does not happen within 30 days from the date of failure, a compensation of Rs 100 per day will be given by the bank.
3. If there is any problem or complaint, you can contact on customer care number 0120-2490000 or 18001802222, 1800 103 2222.

The post PNB Bank New Rule: Shock for crores of PNB customers, the bank is going to charge on such transactions from May 1 first appeared on Rightsofemployees.com.

This may harm you. Government bank Punjab National Bank (PNB) is going to make a rule regarding this . Now if your ATM transaction is not completed due to lack of money in your account, then you will have to pay a charge.

Charges will be levied for non-completion of ATM transaction

If your transaction is not completed while withdrawing money from ATM , then you will have to pay a charge on it. On this you will have to pay a charge of Rs 10 including GST. Punjab National Bank has informed its customers through a message that a charge of Rs 10 along with GST will be levied from May 1 for using ATMs if there is not enough money in the account.

PNB is making this preparation

Explain that the bank is in the process of revising the debit card and ATM card issuance fees and annual maintenance fees. If you pay with your ATM card or debit card while purchasing any item and there is not enough money in your account and the transaction fails, you may be charged. PNB will also levy charges on PoS and e-Comm transactions done through debit cards if the account does not have sufficient amount to make the payment.

Apart from this, if your card is lost or stolen, then you have to block it immediately. In case of loss of the card, you will be able to block it from your registered mobile number by sending an SMS. However, if you have hotlisted your card once, you will not be able to activate it again, you will have to get another card made.

The post ATM Transaction Failed Charges: Big news! Now you have to pay this much rupees charge for ATM transaction failure first appeared on Rightsofemployees.com.

This is the discussion everywhere from the road to the Parliament. For the last few years, the Rs 2000 note has gradually disappeared from the market and ATMs. However, 2000 rupee notes are still seen in big cash deals. But, it is far from the reach and pocket of the common man. What is the matter after all? Has the government prohibited putting 2000 rupee notes in ATMs or has any instruction been given to the banks by the RBI? Why 2000 rupee note is missing from ATM? This has been revealed in the annual report of RBI. At the same time, the Finance Minister has openly put forth its complete truth in the Parliament.

The issue of Rs 2000 raised in the Lok Sabha

In fact, instead of Rs 2,000, more Rs 500 and Rs 200 notes are being dispensed from ATMs of banks. In such a situation, it is believed that there is a preparation to remove the 2,000 note gradually. It has been claimed in many reports that SBI has instructed to remove only the cassettes for keeping Rs 2000 notes from all its ATMs. However, there was no confirmation of this news. Now the same issue has been raised in the Parliament as well. In the Lok Sabha, MP Santosh Kumar asked four questions to the Finance Minister. These four questions were on note ban and 2000 rupee note issued after that.

MP Santosh Kumar asked a total of 5 questions to the Finance Minister

1- Rs 500 and Rs 2000 notes worth about Rs 9.21 lakh crore issued after demonetisation have gone out of circulation, is there any data on this?
2- If yes, then the government should clarify why this happened and for what reason?
3- Have currency notes been converted into black money again? If yes, then the government should give its clarification on this?
4- Has RBI imposed any restriction on banks to issue Rs 2000 notes from ATMs? If yes, then its information should be given.
5- From which date RBI has stopped printing of Rs 2000 currency notes?

Finance minister told the whole truth

Finance Minister Nirmala Sitharaman has also given a written reply to this. In response to the first three questions, he said that no such information or data exists. According to the annual report of the Reserve Bank of India (RBI), the total value of ₹500 and ₹2000 banknotes at the end of March 2017 and at the end of March 2022 was ₹9.512 lakh crore and ₹27.057 lakh crore.

No instructions given to banks

In response to the fourth question, the Finance Minister said – No instructions have been given to banks not to fill ₹ 2000 notes in Automated Teller Machines (ATMs). Banks themselves decide when and which denominations of notes to put in ATMs. Banks take a decision based on the past record of the ATM, consumer needs and seasonal trends. In response to the fifth and last question, the Finance Minister said that according to the annual report of RBI, Rs 2000 note has not been printed since the year 2019-20.

The post 2000 Rupee note: Big news! RBI forbids banks from putting ₹2000 notes in ATMs? The Finance Minister said… first appeared on Rightsofemployees.com.

If you want to change the registered mobile number to use your internet banking service, now you can easily change the registered mobile number sitting at home through internet banking, ATM. For this you will not need to go to the bank branch.

Explain that a mobile phone number must be registered with the State Bank of India (SBI) savings bank account in order to use the Internet Banking service. SBI customers are required to link their cell phone number with their savings bank account to keep track of all transactions. They will also be informed immediately if there is an unauthorized transaction in the bank account.

How to update your mobile number through internet banking

1. First of all visit the official website www.onlinesbi.com go to
2. To change your cellphone number, go to “Profile-Personal Details-Change Mobile Number” under “My Accounts” section, which is on the left panel of the page.
3. Select Account Number, enter Mobile Number, then click Submit on the following screen.
4. You will see the last two (non-editable) digits of the registered cellphone number.
5. Your registered mobile number will be used to notify you about the mapping status.

How to update mobile number from ATM

1. First of all, you go to the nearest SBI ATM.
2. Select the Register option from all the available options.
3. Enter your ATM PIN.
4. Select Mobile Number Registration from the menu options that appear on the screen.
5. Select Change mobile number from the menu options on the screen.
6. Your previous mobile number should be entered and verified.
7. After that, you will be asked to enter and verify your new mobile number.
8. Separate OTPs will be received on both the new and old mobile numbers.
9. After entering the OTP, your mobile number will be updated.

The post Bank Account Mobile Number Change: Change mobile number through internet banking, ATM, this step-by-step complete process first appeared on Rightsofemployees.com.

Many times it happens that even while withdrawing money from ATM, mutilated or old notes are found. In such a situation people get worried. But you don’t need to worry. For this you must see the RBI guideline . This will solve your problem and your difficulties will also go away.

Notes of 100, 200, 500 rupees are issued by the Reserve Bank of India, but after the demonetization across the country, many types of viral and fake news about the notes keep coming to the fore. If you also want to replace old or mutilated notes, now you can do this easily. For this you can contact your nearest branch. There you can exchange notes and coins. If two notes have the same serial number, will they be considered valid?

In this regard, the Reserve Bank says that it is possible that two or more bank notes may have the same serial number, but either have different inset letters or different printing years or different governors of the Reserve Bank of India. Can. An inset letter is a character printed on the number panel of a banknote. Notes can also be without any inset letter.

These are the ways to identify fake notes

The Reserve Bank has told in its guideline to identify the new 500 note that a few days ago it was being claimed in a message that the note of 500 rupees is fake, in which the green strip is not near the signature of the RBI governor, but of Gandhiji. Near the picture. Describing it as fake, PIB tweeted that both types of notes are valid. Also RBI has shared a PDF to help common citizen to find difference between genuine vs fake Rs 500 notes.

How to identify unfit notes

1. If the notes have become very dirty and there is a lot of soil in them, then in such a situation they are considered unfit.
2. Many times, due to the long use of notes, the notes become loose or loose. Such notes become unfit.
3. Notes torn from edge to center are unfit.
4. If the area of ​​dog ears made in the note is more than 100 square millimetres, then it will be considered unfit.
5. Notes which have holes larger than 8 square millimeters are considered unfit notes.
6. Any graphic change in the note is considered as unfit note.
7. If the ink of the pen is smeared on the note, then it is an unfit note.
8. If the color of the note fades, then it is an unfit note.
9. If there are things like tape, glue on the note, then such note is considered unfit.
10. If the color of the note changes, then in such a situation such note is considered unfit.

Know what the rule of RBI says?

According to the new rules of the Reserve Bank, if you also have old or mutilated notes of 500 rupees, then you do not need to worry at all. Now you can exchange such notes by visiting any branch of the bank. If a bank employee refuses to exchange your note, then you can also file a complaint about this. You have to keep in mind that the worse the condition of the note, the less its value decreases.

keep these things in mind

According to RBI, any torn note will be accepted only when a part of it is missing, or which consists of more than two pieces and is pasted together, provided that no essential part of it is missing. If some special parts of the currency note, such as the name of the issuing authority, guarantee and promise clause, signature, Ashoka Pillar, Mahatma Gandhi’s picture, water mark, etc. are also missing, then your note will not be exchanged. Soiled notes which have become unusable due to circulation in the market for a long time can also be exchanged.

You can change notes like this

Tell that if you have a lot of burnt notes, or notes stuck together, then they can also be changed from the RBI office, but the bank will not take them, you will have to take them to the issue office of RBI. It has to be remembered that these things will definitely be checked by the institution that the damage to your note is genuine and not intentionally damaged.

The post 500 Rupee Note Holders: Big news! RBI issued new guideline regarding Rs 500 rupee note, Check the new guideline, otherwise… first appeared on Rightsofemployees.com.

Many times it happens that even while withdrawing money from ATM, mutilated or old notes are found. In such a situation people get worried. But you don’t need to worry. For this you must see the RBI guideline . This will solve your problem and your difficulties will also go away.

Notes of 100, 200, 500 rupees are issued by the Reserve Bank of India, but after the demonetization across the country, many types of viral and fake news about the notes keep coming to the fore. If you also want to replace old or mutilated notes, now you can do this easily. For this you can contact your nearest branch. There you can exchange notes and coins. If two notes have the same serial number, will they be considered valid?

In this regard, the Reserve Bank says that it is possible that two or more bank notes may have the same serial number, but either have different inset letters or different printing years or different governors of the Reserve Bank of India. Can. An inset letter is a character printed on the number panel of a banknote. Notes can also be without any inset letter.

These are the ways to identify fake notes

The Reserve Bank has told in its guideline to identify the new 500 note that a few days ago it was being claimed in a message that the note of 500 rupees is fake, in which the green strip is not near the signature of the RBI governor, but of Gandhiji. Near the picture. Describing it as fake, PIB tweeted that both types of notes are valid. Also RBI has shared a PDF to help common citizen to find difference between genuine vs fake Rs 500 notes.

How to identify unfit notes

1. If the notes have become very dirty and there is a lot of soil in them, then in such a situation they are considered unfit.
2. Many times, due to the long use of notes, the notes become loose or loose. Such notes become unfit.
3. Notes torn from edge to center are unfit.
4. If the area of ​​dog ears made in the note is more than 100 square millimetres, then it will be considered unfit.
5. Notes which have holes larger than 8 square millimeters are considered unfit notes.
6. Any graphic change in the note is considered as unfit note.
7. If the ink of the pen is smeared on the note, then it is an unfit note.
8. If the color of the note fades, then it is an unfit note.
9. If there are things like tape, glue on the note, then such note is considered unfit.
10. If the color of the note changes, then in such a situation such note is considered unfit.

Know what the rule of RBI says?

According to the new rules of the Reserve Bank, if you also have old or mutilated notes of 500 rupees, then you do not need to worry at all. Now you can exchange such notes by visiting any branch of the bank. If a bank employee refuses to exchange your note, then you can also file a complaint about this. You have to keep in mind that the worse the condition of the note, the less its value decreases.

keep these things in mind

According to RBI, any torn note will be accepted only when a part of it is missing, or which consists of more than two pieces and is pasted together, provided that no essential part of it is missing. If some special parts of the currency note, such as the name of the issuing authority, guarantee and promise clause, signature, Ashoka Pillar, Mahatma Gandhi’s picture, water mark, etc. are also missing, then your note will not be exchanged. Soiled notes which have become unusable due to circulation in the market for a long time can also be exchanged.

You can change notes like this

Tell that if you have a lot of burnt notes, or notes stuck together, then they can also be changed from the RBI office, but the bank will not take them, you will have to take them to the issue office of RBI. It has to be remembered that these things will definitely be checked by the institution that the damage to your note is genuine and not intentionally damaged.

The post RBI Issue Rule On 500 Rupee: RBI issued new guideline regarding Rs 500 rupee note, Check the new guideline, otherwise… first appeared on Rightsofemployees.com.

A little caution can save you from any untoward incident. Before withdrawing money from ATM, you should check that how safe is the machine from which you are withdrawing money. The biggest danger in ATM is due to card cloning. We will tell you how your details can be stolen…

Hackers steal the data of any customer from the card slot in the ATM machine. They put such a device in the card slot of the ATM machine, which scans the complete information of your card. After this, they steal data from Bluetooth or any other wireless device.

To gain complete access to your debit card, the hacker needs to have your PIN number. Hackers can track the pin number with a camera. To avoid this, whenever you enter your PIN number in the ATM, hide it with the other hand. So that his image does not go in the CCTV camera.

When you go to the ATM, check the card slot of the ATM machine carefully. If you feel that any tampering has been done in the ATM card slot or the slot is loose or there is any other problem then do not use it.

While putting the card in the card slot, pay attention to the light burning in it. If the green light is on in the slot then the ATM is safe. But if red or any other light is not burning in it, then do not use the ATM. This could be a sign of a glitch.

If you ever feel that you have fallen into the trap of hackers and the bank is also closed, then you should contact the police. By giving this information to the police as soon as possible, you can get fingerprints there. You can also see who has an active Bluetooth connection around you, making it easier to reach that person.

The post ATM Transaction: Keep this light in mind while withdrawing cash from ATM, otherwise your account will be empty! first appeared on Rightsofemployees.com.

The bank has made this big change to protect its customers from fraud. Soon this rule will be seen applicable on SBI ATMs. This rule will act as an additional safeguard against unauthorized transactions.

According to the bank, while completing the transaction, the bank customers will have to share the OTP while withdrawing cash from the ATM, so that it is ensured that the ATM user is the right user. OTP is a system-generated four-digit number that the bank will send to the customer’s registered mobile number. This OTP will authenticate the cash withdrawal and will be valid for only one transaction.

OTP cash withdrawal started from January 1, 2020

The country’s largest lending bank SBI had started OTP-based cash withdrawal services from January 1, 2020. SBI has been creating awareness about ATM frauds through social media and other platforms from time to time. It is appealing to all its customers to avail the service.

OTP will be required in transactions of 10 thousand or above

Now this service will come in handy for SBI customers at the time of withdrawing cash from ATMs. SBI made these rules in view of the increasing fraud, cyber crime. Let us tell you that customers withdrawing Rs 10,000 or more in a single transaction from SBI ATMs will require OTP to complete the transaction.

Withdraw cash using OTP

You must have your Debit Card and Mobile Phone while withdrawing cash from SBI ATM OTP will come Enter the OTP received on your phone on the ATM screen After entering the valid OTP, the transaction will be completed

The post ATM Cash Withdrawal Rules Change: Big news for SBI customers, now the method of withdrawing cash from ATM has changed, read full details first appeared on Rightsofemployees.com.

The bank has made this big change to protect its customers from fraud. Soon this rule will be seen applicable on SBI ATMs. This rule will act as an additional safeguard against unauthorized transactions.

According to the bank, while completing the transaction, the bank customers will have to share the OTP while withdrawing cash from the ATM, so that it is ensured that the ATM user is the right user. OTP is a system-generated four-digit number that the bank will send to the customer’s registered mobile number. This OTP will authenticate the cash withdrawal and will be valid for only one transaction.

OTP cash withdrawal started from January 1, 2020

The country’s largest lending bank SBI had started OTP-based cash withdrawal services from January 1, 2020. SBI has been creating awareness about ATM frauds through social media and other platforms from time to time. It is appealing to all its customers to avail the service.

OTP will be required in transactions of 10 thousand or above

Now this service will come in handy for SBI customers at the time of withdrawing cash from ATMs. SBI made these rules in view of the increasing fraud, cyber crime. Let us tell you that customers withdrawing Rs 10,000 or more in a single transaction from SBI ATMs will require OTP to complete the transaction.

Withdraw cash using OTP

You must have your Debit Card and Mobile Phone while withdrawing cash from SBI ATM OTP will come Enter the OTP received on your phone on the ATM screen After entering the valid OTP, the transaction will be completed

The post ATM Cash Withdrawal Rules: Big news for SBI customers, now the method of withdrawing cash from ATM has changed, read full details first appeared on Rightsofemployees.com.

From January 28 to January 31, you may have trouble in handling banking work. Let us tell you that the bank union has decided to go on strike for 2 days.

Why can there be trouble for 4 days?

Let us tell you that January 28 is the fourth Saturday of the month, due to which banks will remain closed. Along with this, banks across the country will remain closed on January 29 due to Sunday. Apart from all this, the bank union has announced a strike on 30 and 31 January, due to which customers may have to face trouble for 4 days.

Will go on strike to meet their demands

United Forum of Bank Union (UFBU) meeting was held in Mumbai in which bank unions have decided to go on strike for two days. Bank unions are going on strike to pressurize the government to meet their demands.

Giving information, CH Venkatachalam, General Secretary of All India Bank
Employees Association said that a meeting of the United Forum has been held, in which it has been decided to go on strike for 2 days. He has told that there is a demand of bank unions that the banking work should be done for 5 days. Along with this, the pension should also be updated.

These demands should also be fulfilled , along with this the demand of the employees is that NPS should be abolished and talks should be held for increase in salary. Apart from all this, there has been a demand to start the recruitment process in all the cadres. The union has decided to go on strike regarding all these demands.

Customers may face trouble for 4 consecutive days, let us tell you that Saturday and Sunday are bank holidays. After this, there is a bank strike on Monday and Tuesday, due to which customers may have to face problems. The problem of running out of cash in the ATM may come to the fore. Along with this, one may also have to face trouble regarding check clearance.

The post Bank Strike: Big news! Bank strike will remain for 2 days across the country, all these services including ATM will be affected first appeared on Rightsofemployees.com.

The bank has made this big change to protect its customers from fraud. Soon this rule will be seen applicable on SBI ATMs. This rule will act as an additional safeguard against unauthorized transactions.

According to the bank, while completing the transaction, the bank customers will have to share the OTP while withdrawing cash from the ATM, so that it is ensured that the ATM user is the right user. OTP is a system-generated four-digit number that the bank will send to the customer’s registered mobile number. This OTP will authenticate the cash withdrawal and will be valid for only one transaction.

OTP cash withdrawal started from January 1, 2020

The country’s largest lending bank SBI had started OTP-based cash withdrawal services from January 1, 2020. SBI has been creating awareness about ATM frauds through social media and other platforms from time to time. It is appealing to all its customers to avail the service.

OTP will be required in transactions of 10 thousand or above

Now this service will come in handy for SBI customers at the time of withdrawing cash from ATMs. SBI made these rules in view of the increasing fraud, cyber crime. Let us tell you that customers withdrawing Rs 10,000 or more in a single transaction from SBI ATMs will require OTP to complete the transaction.

Withdraw cash using OTP

You must have your Debit Card and Mobile Phone while withdrawing cash from SBI ATM OTP will come Enter the OTP received on your phone on the ATM screen After entering the valid OTP, the transaction will be completed

The post ATM Cash Withdrawal Rules: Big news for SBI customers, now the method of withdrawing cash from ATM has changed, read full details first appeared on Rightsofemployees.com.

SBI ATM Franchise: Doing business is not easy, as it demands both time and effort. But if someone tells you that on an investment of Rs 5 lakh, you can earn 60 to 70 thousand rupees per month. You hardly want to miss such an opportunity. After reading this, you may also be thinking that where to invest money, then let us tell you that we are talking about SBI ATM Franchise.

The work of ATM installation is done on contract

You might be thinking that the bank installs the ATM itself. But it is not so, in fact the work of ATM installation is completed on the bank contract. Only the contractors of the bank get this work done at different locations. State Bank of India has tied up with Tata Indicash, Muthoot ATM and India One ATM for ATM installation.

Apply through the official website

If you also want to apply for SBI ATM Franchise, then you have to go to the official website of the above companies. It is important to be vigilant in this work, you should submit any application only through the official website because many cases of fraud have come to the fore.

Application Condition For SBI ATM Franchise

You must have 50 to 80 square feet space for ATM cabin. Also, it should be at a distance of about 100 meters from other ATMs. Also, this place should be in such a place, where people can easily see it. There should also be proper arrangement of light here and 1KW electricity connection is also necessary. It is necessary to have cabin, concrete roof and cement walls. If your place is in any society or under any authority, then you will have to take NOC from there.

Required Documents

Aadhaar, PAN Card and Voter ID
Ration Card, Electricity Bill
Bank Account and Pass Book
Photograph, E-mail ID and Phone Number
GST Number
Financial Documents sought by the company

Earning from ATM Franchisee You will need to make a security deposit of Rs 2 lakh and a working capital of Rs 3 lakh to start an ATM franchise. After making this investment, the bank will get you 8 rupees for every cash transaction and 2 rupees for every non-cash transaction like balance check and fund transfer etc.

The post SBI ATM Franchise: Invest 5 lakhs once in SBI! Guaranteed earning of 70000 per month; know here full details first appeared on Rightsofemployees.com.

Hyderabad based company Goldsikka Pvt Ltd has installed this ATM with the help of Opencube Technologies. Customers can use debit or credit cards to buy gold coins through ATMs.

24-hour facility to buy gold According to C. Taruj, CEO of Goldsikka, which is in the business of buying and selling gold, people can buy gold coins ranging from 0.5 grams to 100 grams using this ATM. The gold price on this ATM will be updated live. Gold ATM service will be available 24 hours.

The company will open 3 thousand gold ATMs According to Taruj, the company is planning to open gold ATMs in Peddapalli, Warangal and Karimnagar as well. The company plans to open around 3,000 Gold ATMs across India in the next 2 years.

Last year the country’s first ‘Grain ATM’ was established in Gurugram

It is noteworthy that the country’s first Green ATM was established last year in Gurugram, Haryana. Haryana’s Deputy Chief Minister Dushyant Chautala, who is in charge of food and supplies, had said that with the installation of grain ATMs, all the complaints regarding timely and complete measurements of those who take ration from government shops will go away.

He had said that the purpose of installing this machine is “Right Quantity to Right Beneficiary”. He said that this would not only benefit the consumers, but would also end the hassle of shortage of food grains at government depots.

The post Gold ATM: Gold will come out from ATM, know where the country’s first gold ATM opened first appeared on Rightsofemployees.com.

According to the bank, while completing the transaction, the bank customers will have to share the OTP while withdrawing cash from the ATM, so that it is ensured that the ATM user is the right user. OTP is a system-generated four-digit number that the bank will send to the customer’s registered mobile number. This OTP will authenticate the cash withdrawal and will be valid for only one transaction.

OTP cash withdrawal started from January 1, 2020

The country’s largest lending bank SBI had started OTP-based cash withdrawal services from January 1, 2020. SBI has been creating awareness about ATM frauds through social media and other platforms from time to time. It is appealing to all its customers to avail the service.

OTP will be required in transactions of 10 thousand or above

Now this service will come in handy for SBI customers at the time of withdrawing cash from ATMs. SBI made these rules in view of the increasing fraud, cyber crime. Let us tell you that customers withdrawing Rs 10,000 or more in a single transaction from SBI ATMs will require OTP to complete the transaction.

Withdraw cash using OTP

You must have your Debit Card and Mobile Phone while withdrawing cash from SBI ATM OTP will come Enter the OTP received on your phone on the ATM screen After entering the valid OTP, the transaction will be completed

The post ATM Cash Withdrawal Rules Change: Attention SBI customers, now the method of withdrawing cash from ATM has changed, read full details first appeared on Rightsofemployees.com.

The bank has made this big change to protect its customers from fraud. Soon this rule will be seen applicable on SBI ATMs. This rule will act as an additional safeguard against unauthorized transactions.

According to the bank, while completing the transaction, the bank customers will have to share the OTP while withdrawing cash from the ATM, so that it is ensured that the ATM user is the right user. OTP is a system-generated four-digit number that the bank will send to the customer’s registered mobile number. This OTP will authenticate the cash withdrawal and will be valid for only one transaction.

OTP cash withdrawal started from January 1, 2020

The country’s largest lending bank SBI had started OTP-based cash withdrawal services from January 1, 2020. SBI has been creating awareness about ATM frauds through social media and other platforms from time to time. It is appealing to all its customers to avail the service.

OTP will be required in transactions of 10 thousand or above

Now this service will come in handy for SBI customers at the time of withdrawing cash from ATMs. SBI made these rules in view of the increasing fraud, cyber crime. Let us tell you that customers withdrawing Rs 10,000 or more in a single transaction from SBI ATMs will require OTP to complete the transaction.

Withdraw cash using OTP

You must have your Debit Card and Mobile Phone while withdrawing cash from SBI ATM OTP will come Enter the OTP received on your phone on the ATM screen After entering the valid OTP, the transaction will be completed

The post ATM Cash Withdrawal Rules: Big news for SBI customers, now the method of withdrawing cash from ATM has changed, read full details first appeared on Rightsofemployees.com.

The bank has made this big change to protect its customers from fraud. Soon this rule will be seen applicable on SBI ATMs. This rule will act as an additional safeguard against unauthorized transactions.

According to the bank, while completing the transaction, the bank customers will have to share the OTP while withdrawing cash from the ATM, so that it is ensured that the ATM user is the right user. OTP is a system-generated four-digit number that the bank will send to the customer’s registered mobile number. This OTP will authenticate the cash withdrawal and will be valid for only one transaction.

OTP cash withdrawal started from January 1, 2020

The country’s largest lending bank SBI had started OTP-based cash withdrawal services from January 1, 2020. SBI has been creating awareness about ATM frauds through social media and other platforms from time to time. It is appealing to all its customers to avail the service.

OTP will be required in transactions of 10 thousand or above

Now this service will come in handy for SBI customers at the time of withdrawing cash from ATMs. SBI made these rules in view of the increasing fraud, cyber crime. Let us tell you that customers withdrawing Rs 10,000 or more in a single transaction from SBI ATMs will require OTP to complete the transaction.

Withdraw cash using OTP

You must have your Debit Card and Mobile Phone while withdrawing cash from SBI ATM OTP will come Enter the OTP received on your phone on the ATM screen After entering the valid OTP, the transaction will be completed

The post ATM Cash Withdrawal Rules Change: Attention SBI customers, now the method of withdrawing cash from ATM has changed, read full details first appeared on Rightsofemployees.com.

According to the bank, while completing the transaction, the bank customers will have to share the OTP while withdrawing cash from the ATM, so that it is ensured that the ATM user is the right user. OTP is a system-generated four-digit number that the bank will send to the customer’s registered mobile number. This OTP will authenticate the cash withdrawal and will be valid for only one transaction.

OTP cash withdrawal started from January 1, 2020

The country’s largest lending bank SBI had started OTP-based cash withdrawal services from January 1, 2020. SBI has been creating awareness about ATM frauds through social media and other platforms from time to time. It is appealing to all its customers to avail the service.

OTP will be required in transactions of 10 thousand or above

Now this service will come in handy for SBI customers at the time of withdrawing cash from ATMs. SBI made these rules in view of the increasing fraud, cyber crime. Let us tell you that customers withdrawing Rs 10,000 or more in a single transaction from SBI ATMs will require OTP to complete the transaction.

Withdraw cash using OTP

You must have your Debit Card and Mobile Phone while withdrawing cash from SBI ATM OTP will come Enter the OTP received on your phone on the ATM screen After entering the valid OTP, the transaction will be completed

The post ATM Cash Withdrawal Rules Change: Big news SBI customers, now the method of withdrawing cash from ATM has changed, read full details first appeared on Rightsofemployees.com.

Let us tell you a great business idea through which you can easily earn 80 thousand rupees a month sitting at home. And most importantly, it is a safe method. Actually, this opportunity is giving you the country’s second largest public sector bank SBI (State Bank of India).

SBI ATM Franchise

You can earn easily by taking SBI ATM Franchise of State Bank of India. ATM of any bank is not installed on behalf of the bank, but there is a separate company for it. Its contract is given by the bank, which works to install ATMs everywhere. So let’s know how you can earn good money by taking ATM franchise.

Conditions for taking a franchise 

1. To take the franchise of SBI ATM, you should have 50-80 square feet of space.
2. Its distance from other ATMs should be 100 meters.
3. Keep in mind that this space should be on the ground floor and a place with good visibility.
4. There should be 24 hours power supply, apart from this, 1 kW electricity connection is also mandatory.
5. This ATM should have a capacity of about 300 transactions per day.
6. The ATM space should have a concrete roof.
7. No objection certificate is required from the society or authority for installing V-SAT.

These documents are necessary

1. ID Proof – Aadhaar Card, Pan Card, Voter Card
2. Address Proof – Ration Card, Electricity Bill
3. Bank Account and Passbook
4. Photograph, E-mail ID, Phone Number
5. Other Documents
6. GST Number
7. financial documents

How To Apply For SBI ATM Franchise

You can apply online by visiting the official website of the companies providing franchising of SBI ATM. Tata Indicash, Muthoot ATM and India One ATM have contracts to install ATMs in India. For this, you can apply for your ATM by logging in online on the websites of all these companies.

can earn so much

Among these companies, Tata Indicash is the largest and oldest company among them. It offers Franchisee on a security deposit of 2 lakhs which is refundable. Apart from this, you will have to deposit Rs 3 lakh as working capital. In this way, you have a total investment of Rs 5 lakh in this. If you look at the earnings in this, then you get 8 rupees on every cash transaction and 2 rupees on non-cash transaction. That is, the return on investment is up to 33-50 percent on an annual basis.

To understand- If 250 transactions are done everyday through your ATM, in which 65 percent cash transactions and 35 percent non-cash transactions, then your monthly income will be close to 45 thousand rupees. At the same time, there will be a commission of about 88-90 thousand for 500 transactions. That is, after a one-time investment, you get tremendous profits.

The post SBI ATM Franchise Process: Big news! SBI is giving an offer to earn 80 thousand rupees every month, check the method first appeared on Rightsofemployees.com.

You must have seen money coming out of ATM often but now Idli will also come out from ATM. Actually, a startup in Bangalore has started Idli Bot or Idli ATM. With this facility, people living in Bangalore will be able to enjoy fresh idli 24 hours a day.

Actually Idli is a popular food found in South India. However, due to the popularity of South Indian food, idli sambar and masala dosa are also available in other parts of the country and people enjoy these dishes with great fervor.

Idli ATM in Bangalore… pic.twitter.com/NvI7GuZP6Y

— B Padmanaban (padmanaban@fortuneinvestment.in) (@padhucfp) October 13, 2022

According to the report of The Hindu Business Line, a businessman Sharan Hiremath
and Suresh Chandrasekaran in Bangalore have installed an idli machine, which is a product of startup Freshshot Robotics. The video of this Idli ATM is becoming increasingly viral on Twitter.

A customer who made the video said that through this machine, idli is easily available in minutes. Actually this machine concept came to this startup company from personal experience. In 2016, Sharan Hiremath had gone out late at night to buy idlis for his ailing daughter, but no restaurant was open. He told Deccan Herald that the idea of ​​installing the idli machine came only after this incident.

More Idli ATMs will be set up in other parts of the city

Hiremath and Chandrasekaran said that many shops were serving stale idlis, but now people will get fresh idlis through this machine. Startup operators say that their Foodbot is the first automatic vending machine to serve South Indian dishes.

At present, two machines have been installed in Bangalore and there are plans to expand it further. There are plans to install such machines at some offices, railway stations and airports in the city. Apart from Idli bots, there are plans to set up machines for Dosabots, Ricebots and Juicebots as well. Earlier, chocolate and snacks vending machines are already available at many railway stations and public places in the country, through which one can take snacks, cold drinks and toffees.

The post VIDEO: Now Idli will also be available from ATM, this new machine has come in the market, video went viral first appeared on Rightsofemployees.com.

In view of the incidents of fraud, SBI has made cash withdrawal from ATMs more secure. In view of this, OTP is sent to the customer’s mobile. Then the same OTP has to be entered in the ATM. The name of this new service is OTP based cash withdrawal facility. OTP is received on whatever mobile number of the customer is entered in the bank.

One time transaction can be done with one OTP. It is a means of verification of the customer. With this, the same person will be able to withdraw money from the ATM whose OTP will be sent to his mobile. And the OTP will go to the mobile of the same person who has an account in SBI. State Bank has described OTP based cash withdrawal as a vaccination against fraud people. SBI says that protecting customers from fraud is its priority.

Also know how to withdraw money from OTP. Actually, when a customer puts a debit card in an ATM, then an OTP comes on his mobile phone. The customer has to first enter this OTP at the ATM. Only after that the process of cash withdrawal will start. Therefore, if you are a customer of SBI and are going to withdraw money from SBI ATM, then do not forget to take mobile phone along with you.

The OTP sent to your mobile is a 4 digit number. This OTP tells that the customer is correct as it is sent to the registered number. OTP is being used in the transaction for authentication or rather for verification. Nowadays OTP has been implemented in almost every banking service so that fraud can be got rid of. Fraudsters will not be able to withdraw cash from OTP based ATMs.

For OTP based cash withdrawal, if the customer wants to withdraw more than Rs 10,000, then he has to enter the OTP. Apart from this, the customer will also have to enter the PIN number of the debit card. This gives double security in ATM withdrawal. First OTP and then Debit Card PIN. Then money can be withdrawn from ATM.

The post SBI Customers Alert ! SBI has issued a new rule for withdrawing cash from ATM, check here new rules immediately first appeared on Rightsofemployees.com.

Charges are levied for using ATMs more than the permitted number of free monthly transactions. According to RBI in June last year, banks were allowed to charge ₹21 per transaction at ATMs in excess of the monthly free transaction limit with effect from January 1, 2022. Earlier, banks could charge 20 for each such transaction.

Customers are allowed five free transactions every month and there is a limit of only three free transactions for withdrawing money from other bank ATMs. Customers in non-metro centers can avail up to five free transactions at other bank’s ATMs.

Below is the information about all the big banks…

State Bank of India
SBI one of the top commercial banks in India offers three free ATM withdrawals in metro cities and five in rest areas. Thereafter, there is a fee of Rs 5 for transactions and Rs 10 for withdrawals from non-SBI ATMs.

Punjab National Bank
PNB offers three free ATM withdrawals in major cities and five free withdrawals in most other locations similar to SBI. After that the bank charges Rs 10 on ATM withdrawals.

HDFC Bank
In India, HDFC Bank offers five free transactions in total and three free transactions in important cities. The bank charges Rs 125 for international ATM transactions.

ICICI Bank
ICICI Bank follows the same rules 3 and 5 as other banks in terms of free withdrawals. Withdrawals from ATMs are subject to additional bank charges of Rs 21.

Axis Bank
Axis Bank also has the same formula 3 and 5 provides the rule. After that, the bank charges a 21% withdrawal fee.

The post ATM withdrawal limit: Now you will be able to withdraw only so many times every month for free, know details first appeared on Rightsofemployees.com.

According to the information given by the bank, under this new rule, the customer cannot withdraw cash without OTP. In this, at the time of cash withdrawal, customers get an OTP on their mobile phone, only after entering which the cash is withdrawn from the ATM. 

Bank has given information

The bank has already given information about this rule. The bank said, “Our OTP based cash withdrawal system for transactions at SBI ATMs is a vaccination against fraudsters. Protecting you from fraud will always be our top priority. SBI customers should be aware of how the OTP based cash withdrawal system will work.

Know what is the rule?

Let us tell you that to protect customers from fraud, the bank has implemented a new rule on withdrawal of Rs 10,000 and above. Under this, SBI allows customers to withdraw Rs 10,000 and above from their ATM every time with an OTP sent from their bank account to the registered mobile number and their debit card PIN. Let us know its complete process. 

Know the complete process here

For this you will need an OTP, without this you will not be able to withdraw cash.
An OTP will be sent to your registered mobile number.
This OTP will be a four digit number that the customer will get for a single transaction.
– Once you have entered the amount you want to withdraw, you will be asked to enter OTP on the ATM screen.
You have to enter the OTP received on the mobile number registered with the bank in this screen for cash withdrawal. 

Why did the bank take this step?

Why OTP Based Cash Withdrawal Required? On the question of the bank said, ‘This step has been taken so that the customers can be protected from fraud.’ Actually, SBI is the largest public sector bank in the country. It has the largest network of 22,224 branches and 63,906 ATM/CDM with 71,705 BC outlets in India. The number of customers using Internet Banking and Mobile Banking is approximately 91 million and 20 million.

The post SBI ATM Withdrawl Rule Changed: Now without this number you will not withdraw cash from ATM, know otherwise first appeared on Rightsofemployees.com.

According to the bank, while completing the transaction, the bank customers will have to share the OTP while withdrawing cash from the ATM, so that it is ensured that the ATM user is the right user. OTP is a system-generated four-digit number that the bank will send to the customer’s registered mobile number. This OTP will authenticate the cash withdrawal and will be valid for only one transaction.

OTP cash withdrawal started from January 1, 2020

The country’s largest lending bank SBI had started OTP-based cash withdrawal services from January 1, 2020. SBI has been creating awareness about ATM frauds through social media and other platforms from time to time. It is appealing to all its customers to avail the service.

OTP will be required in transactions of 10 thousand or above

Now this service will come in handy for SBI customers at the time of withdrawing cash from ATMs. SBI made these rules in view of the increasing fraud, cyber crime. Let us tell you that customers withdrawing Rs 10,000 or more in a single transaction from SBI ATMs will require OTP to complete the transaction.

Withdraw cash using OTP

You must have your Debit Card and Mobile Phone while withdrawing cash from SBI ATM OTP will come Enter the OTP received on your phone on the ATM screen After entering the valid OTP, the transaction will be completed

The post Bank Cash withdrawal Rule: Attention SBI customers, now the method of withdrawing cash from ATM has changed, read full details first appeared on Rightsofemployees.com.

According to the bank, while completing the transaction, the bank customers will have to share the OTP while withdrawing cash from the ATM, so that it is ensured that the ATM user is the right user. OTP is a system-generated four-digit number that the bank will send to the customer’s registered mobile number. This OTP will authenticate the cash withdrawal and will be valid for only one transaction.

OTP cash withdrawal started from January 1, 2020

The country’s largest lending bank SBI had started OTP-based cash withdrawal services from January 1, 2020. SBI has been creating awareness about ATM frauds through social media and other platforms from time to time. It is appealing to all its customers to avail the service.

OTP will be required in transactions of 10 thousand or above

Now this service will come in handy for SBI customers at the time of withdrawing cash from ATMs. SBI made these rules in view of the increasing fraud, cyber crime. Let us tell you that customers withdrawing Rs 10,000 or more in a single transaction from SBI ATMs will require OTP to complete the transaction.

Withdraw cash using OTP

You must have your Debit Card and Mobile Phone while withdrawing cash from SBI ATM OTP will come Enter the OTP received on your phone on the ATM screen After entering the valid OTP, the transaction will be completed

The post ATM Cash Withdrawal Rules Change: Attention SBI customers, now the method of withdrawing cash from ATM has changed, read full details first appeared on Rightsofemployees.com.

In view of the incidents of fraud, SBI has made cash withdrawal from ATMs more secure. In view of this, OTP is sent to the customer’s mobile. Then the same OTP has to be entered in the ATM. The name of this new service is OTP based cash withdrawal facility. OTP is received on whatever mobile number of the customer is entered in the bank.

One time transaction can be done with one OTP. It is a means of verification of the customer. With this, the same person will be able to withdraw money from the ATM whose OTP will be sent to his mobile. And the OTP will go to the mobile of the same person who has an account in SBI. State Bank has described OTP based cash withdrawal as a vaccination against fraud people. SBI says that protecting customers from fraud is its priority.

Also know how to withdraw money from OTP. Actually, when a customer puts a debit card in an ATM, then an OTP comes on his mobile phone. The customer has to first enter this OTP at the ATM. Only after that the process of cash withdrawal will start. Therefore, if you are a customer of SBI and are going to withdraw money from SBI ATM, then do not forget to take mobile phone along with you.

The OTP sent to your mobile is a 4 digit number. This OTP tells that the customer is correct as it is sent to the registered number. OTP is being used in the transaction for authentication or rather for verification. Nowadays OTP has been implemented in almost every banking service so that fraud can be got rid of. Fraudsters will not be able to withdraw cash from OTP based ATMs.

For OTP based cash withdrawal, if the customer wants to withdraw more than Rs 10,000, then he has to enter the OTP. Apart from this, the customer will also have to enter the PIN number of the debit card. This gives double security in ATM withdrawal. First OTP and then Debit Card PIN. Then money can be withdrawn from ATM.

The post SBI Customers Alert ! SBI has issued a new rule for withdrawing cash from ATM, check here new rules immediately first appeared on Rightsofemployees.com.

According to the bank, while completing the transaction, the bank customers will have to share the OTP while withdrawing cash from the ATM, so that it is ensured that the ATM user is the right user. OTP is a system-generated four-digit number that the bank will send to the customer’s registered mobile number. This OTP will authenticate the cash withdrawal and will be valid for only one transaction.

OTP cash withdrawal started from January 1, 2020

The country’s largest lending bank SBI had started OTP-based cash withdrawal services from January 1, 2020. SBI has been creating awareness about ATM frauds through social media and other platforms from time to time. It is appealing to all its customers to avail the service.

OTP will be required in transactions of 10 thousand or above

Now this service will come in handy for SBI customers at the time of withdrawing cash from ATMs. SBI made these rules in view of the increasing fraud, cyber crime. Let us tell you that customers withdrawing Rs 10,000 or more in a single transaction from SBI ATMs will require OTP to complete the transaction.

Withdraw cash using OTP

You must have your Debit Card and Mobile Phone while withdrawing cash from SBI ATM OTP will come Enter the OTP received on your phone on the ATM screen After entering the valid OTP, the transaction will be completed

The post ATM Cash Withdrawal Rules Change: Attention SBI customers, now the method of withdrawing cash from ATM has changed, read full details first appeared on Rightsofemployees.com.

According to the bank, while completing the transaction, the bank customers will have to share the OTP while withdrawing cash from the ATM, so that it is ensured that the ATM user is the right user. OTP is a system-generated four-digit number that the bank will send to the customer’s registered mobile number. This OTP will authenticate the cash withdrawal and will be valid for only one transaction.

OTP cash withdrawal started from January 1, 2020

The country’s largest lending bank SBI had started OTP-based cash withdrawal services from January 1, 2020. SBI has been creating awareness about ATM frauds through social media and other platforms from time to time. It is appealing to all its customers to avail the service.

OTP will be required in transactions of 10 thousand or above

Now this service will come in handy for SBI customers at the time of withdrawing cash from ATMs. SBI made these rules in view of the increasing fraud, cyber crime. Let us tell you that customers withdrawing Rs 10,000 or more in a single transaction from SBI ATMs will require OTP to complete the transaction.

Withdraw cash using OTP

You must have your Debit Card and Mobile Phone while withdrawing cash from SBI ATM OTP will come Enter the OTP received on your phone on the ATM screen After entering the valid OTP, the transaction will be completed

The post ATM Cash Withdrawal Rules Change: Attention SBI customers, now the method of withdrawing cash from ATM has changed, read full details first appeared on Rightsofemployees.com.

In view of the incidents of fraud, SBI has made cash withdrawal from ATMs more secure. In view of this, OTP is sent to the customer’s mobile. Then the same OTP has to be entered in the ATM. The name of this new service is OTP based cash withdrawal facility. OTP is received on whatever mobile number of the customer is entered in the bank.

One time transaction can be done with one OTP. It is a means of verification of the customer. With this, the same person will be able to withdraw money from the ATM whose OTP will be sent to his mobile. And the OTP will go to the mobile of the same person who has an account in SBI. State Bank has described OTP based cash withdrawal as a vaccination against fraud people. SBI says that protecting customers from fraud is its priority.

Also know how to withdraw money from OTP. Actually, when a customer puts a debit card in an ATM, then an OTP comes on his mobile phone. The customer has to first enter this OTP at the ATM. Only after that the process of cash withdrawal will start. Therefore, if you are a customer of SBI and are going to withdraw money from SBI ATM, then do not forget to take mobile phone along with you.

The OTP sent to your mobile is a 4 digit number. This OTP tells that the customer is correct as it is sent to the registered number. OTP is being used in the transaction for authentication or rather for verification. Nowadays OTP has been implemented in almost every banking service so that fraud can be got rid of. Fraudsters will not be able to withdraw cash from OTP based ATMs.

For OTP based cash withdrawal, if the customer wants to withdraw more than Rs 10,000, then he has to enter the OTP. Apart from this, the customer will also have to enter the PIN number of the debit card. This gives double security in ATM withdrawal. First OTP and then Debit Card PIN. Then money can be withdrawn from ATM.

The post SBI Customers Alert ! SBI has issued a new rule for withdrawing cash from ATM, check here new rules immediately first appeared on Rightsofemployees.com.

However, for transactions exceeding the limit, different banks charge different types of fines. Here today we will tell you about the fine imposed by 3 major banks of the country on ATM transaction more than the limit. But, along with this, it is also very important for you to know that the Reserve Bank of India has also fixed a different limit for ATM transaction for different cities of the country.

Can withdraw money from other banks only 3 times

You can use ATMs of other banks only 3 times in these 6 cities of the country: According to the rules of RBI, 6 cities of the country – Delhi, Mumbai, Bangalore, Chennai, Hyderabad and Kolkata are included in the cities where you can use other banks. Bank ATM can be used only 3 times. Except these 6 cities, you can do maximum 5 free transactions in a month from other bank’s ATMs in the rest of the country.

The point to note here is that free ATM transactions include both financial and non-financial transactions. That is, you withdraw money from ATM or just check account balance, it will keep adding to your limit. However, after the specified limit, there is a higher fine on financial transactions and less on non-financial transactions.

Know how much SBI will charge

If you are a customer of SBI and have completed the prescribed limit of transaction from other bank’s ATM, then after that you will have to pay Rs 20 for every transaction. Along with this, you will also have to pay GST on it. Apart from this, if you meet the limit of SBI ATM, then after that you will have to pay Rs 10 and GST on every transaction.

HDFC Bank Charges

If you are a customer of HDFC Bank and have completed the prescribed limit of transaction from other bank’s ATM, then after that you will have to pay Rs 21 plus GST for every transaction. Apart from this, even after meeting the limit of HDFC Bank ATM, you will have to pay Rs 21 and GST. Let us tell you that HDFC Bank customers can do 5 free transactions in a month from their bank’s ATM .

ICICI Bank charges

If you are a customer of ICICI Bank and have completed the prescribed limit of transaction from other bank’s ATM, then after that you will have to pay GST on every transaction along with a total of Rs 21. And if you meet the limit from ICICI Bank ATM, then you will have to pay Rs 21 and GST for each transaction after that. Explain that ICICI Bank customers can do 5 free transactions in a month from their bank’s ATM.

The post ATM Charges Increased: Big change in the charges for withdrawing money from ATM, Know the new charges immediately first appeared on Rightsofemployees.com.

According to the bank, while completing the transaction, the bank customers will have to share the OTP while withdrawing cash from the ATM, so that it is ensured that the ATM user is the right user. OTP is a system-generated four-digit number that the bank will send to the customer’s registered mobile number. This OTP will authenticate the cash withdrawal and will be valid for only one transaction.

OTP cash withdrawal started from January 1, 2020

The country’s largest lending bank SBI had started OTP-based cash withdrawal services from January 1, 2020. SBI has been creating awareness about ATM frauds through social media and other platforms from time to time. It is appealing to all its customers to avail the service.

OTP will be required in transactions of 10 thousand or above

Now this service will come in handy for SBI customers at the time of withdrawing cash from ATMs. SBI made these rules in view of the increasing fraud, cyber crime. Let us tell you that customers withdrawing Rs 10,000 or more in a single transaction from SBI ATMs will require OTP to complete the transaction.

Withdraw cash using OTP

You must have your Debit Card and Mobile Phone while withdrawing cash from SBI ATM OTP will come Enter the OTP received on your phone on the ATM screen After entering the valid OTP, the transaction will be completed

The post ATM Cash Withdrawal Rules Change: Attention SBI customers, now the method of withdrawing cash from ATM has changed, read full details first appeared on Rightsofemployees.com.

According to the bank, while completing the transaction, the bank customers will have to share the OTP while withdrawing cash from the ATM, so that it is ensured that the ATM user is the right user. OTP is a system-generated four-digit number that the bank will send to the customer’s registered mobile number. This OTP will authenticate the cash withdrawal and will be valid for only one transaction.

OTP cash withdrawal started from January 1, 2020

The country’s largest lending bank SBI had started OTP-based cash withdrawal services from January 1, 2020. SBI has been creating awareness about ATM frauds through social media and other platforms from time to time. It is appealing to all its customers to avail the service.

OTP will be required in transactions of 10 thousand or above Now this service will come in handy for SBI customers at the time of withdrawing cash from ATMs. SBI made these rules in view of the increasing fraud, cyber crime. Let us tell you that customers withdrawing Rs 10,000 or more in a single transaction from SBI ATMs will require OTP to complete the transaction.

Withdraw cash using OTP

You must have your Debit Card and Mobile Phone while withdrawing cash from SBI
ATM OTP will come Enter the OTP received on your phone on the ATM screen
After entering the valid OTP, the transaction will be completed

The post Attention SBI customers, now the method of withdrawing cash from ATM has changed, read full details first appeared on Rightsofemployees.com.

According to the bank, while completing the transaction, the bank customers will have to share the OTP while withdrawing cash from the ATM, so that it is ensured that the ATM user is the right user. OTP is a system-generated four-digit number that the bank will send to the customer’s registered mobile number. This OTP will authenticate the cash withdrawal and will be valid for only one transaction.

OTP cash withdrawal started from January 1, 2020

The country’s largest lending bank SBI had started OTP-based cash withdrawal services from January 1, 2020. SBI has been creating awareness about ATM frauds through social media and other platforms from time to time. It is appealing to all its customers to avail the service.

OTP will be required in transactions of 10 thousand or above

Now this service will come in handy for SBI customers at the time of withdrawing cash from ATMs. SBI made these rules in view of the increasing fraud, cyber crime. Let us tell you that customers withdrawing Rs 10,000 or more in a single transaction from SBI ATMs will require OTP to complete the transaction.

Withdraw cash using OTP

You must have your Debit Card and Mobile Phone while withdrawing cash from SBI ATM OTP will come Enter the OTP received on your phone on the ATM screen After entering the valid OTP, the transaction will be completed

The post ATM Cash Withdrawal Rules Change: Attention SBI customers, now the method of withdrawing cash from ATM has changed, read full details first appeared on Rightsofemployees.com.