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Cash withdrawals News

17 Mar 2017

'No proposal to replace income tax with transaction tax'

There is no proposal to replace income tax with the banking cash transaction tax, Parliament was informed on Friday.

03 Feb 2017

Withdrawal limit from ATMs can be reviewed

30 Jan 2017

RBI removes withdrawal limits on current accounts

30 Jan 2017

No ATM withdrawal limit from February 1, cap on savings accounts to continue

In a big relief to people and small businesses, RBI on Monday announced lifting of restrictions on daily withdrawal of money from ATMs and from current accounts but the weekly limit of Rs 24,000 on savings bank accounts will continue.

29 Sep 2015

China caps overseas cash withdrawals amid capital flight fears

China UnionPay -- which provides almost all the country's bank cards -- will limit annual withdrawals to 100,000 yuan (USD 16,000) each year, China National Radio (CNR) said.

31 May 2015

ATM use: HDFC Bank to stop paper slips,to send detailed SMSes

This is a part of the digital initiative for the bank, under which it had last year launched the 'Green PIN' scheme wherein card-users were given the PIN numbers electronically rather than in a printed kit, the official said.

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