Tag Archive for 'Bank'

ATM use over 5 times per month will attract fee of Rs 20 from 1st November 2014

Using ATMs to withdraw money or for other purposes like balance enquiry beyond five times in a month will attract a levy of Rs 20 per transaction from 1st November 2014. As per the Reserve Bank’s new guidelines that comes into force from Saturday, bank customers in six metros — Delhi, Mumbai, Chennai, Kolkata, Hyderabad […]

RBI simplified KYC (Know Your Customer) for Bank Customers

The Reserve Bank of India released a note along with a poster and a booklet comprising a few common questions relating to Know Your Customer (KYC) norms for opening bank accounts. The objective of this is to bring awareness among the general public about the KYC simplification measures taken by the Reserve Bank in the […]