Tag Archive for 'Indian Banks Association'

Banking guidelines for opening and operating accounts in case of individuals with disabilities

For individuals with disabilities, the Reserve Bank of India (RBI) and the Indian Banks Association (IBA) have put in place guidelines for opening and operating accounts. 1. In case of customers who may have lost, say, their arms, toe impressions will be accepted for opening the accounts. Now, if the unfortunate incident has occurred after […]

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 […]