November 24th, 2014 by CHEQUEMAN
The Reserve Bank has asked banks to exercise caution before making payments to customers claiming funds lying idle in inoperative accounts. “Banks are advised to invariably verify the genuineness of the transactions and ensure that the amounts paid to the customers are properly audited by the internal auditors / statutory auditors,” RBI said in a […]
November 22nd, 2014 by CHEQUEMAN
RBI has issued a press released on 21st November 2014 in which it has cautioned customers against fraudsters issuing credit card in the banking regulator’s name and duping people. The banking regulator said the consumer is sent a credit card that allows withdrawal of money up to a certain limit, typically a small sum, from […]
November 1st, 2014 by CHEQUEMAN
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 […]