Cash Transactions India
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ATM Cash Withdrawals To Cost More From Today, Check New Charges
The Reserve Bank of Indian (RBI) has announced that starting today, May 1, customers will be charged a maximum fee of Rs 23 per transaction for ATM banking services.
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Top Court Issues Directions To Implement Rs 2 Lakh Cap On Cash Transactions
When there is a law in place, it has to be enforced, the Supreme Court said on Wednesday while expressing concern over the unsatisfactory implementation of provisions of the Finance Act 2017 which capped the limit of cash transactions to Rs two lakh.
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No Phone, Cash Transactions: Former Army Man Who Killed Wife Evaded Cops For 20 Years
A former soldier of the Indian Army, who was convicted for the murder of his wife and escaped during parole, has been caught by the police after 20 years.
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RBI Allows Banks To Hike ATM Cash Withdrawal Charges By Rs 2 To Rs 23
The Reserve Bank on Friday permitted banks to increase charges on ATM cash withdrawals beyond the free monthly usage by Rs 2 to Rs 23 per transaction from May 1.
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WazirX Hacker Moves Millions Worth of ETH Using Tornado Cash, Suggests Arkham Research
Data collected by Arkham Research showed that the hacker who exploited the WazirX wallet for over $230 million (roughly Rs. 1,900 crore) is using the controversial Tornado Cash platform to do so. The exchange said it is working with law enforcement agencies and the CERT-In to identify the hacker.
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High-Value Cash Transactions At Hotels, Hospitals Come Under Income Tax Scrutiny
Rampant cash transactions in business sectors like hotels, luxury brand sales, hospitals and IVF clinics need to be checked in a "non-intrusive" manner, the CBDT has asked the I-T department.
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RBI Governor Says Permanent Deletion of Transactions Would Make CBDCs Like Cash Notes
RBI governor Shaktikanta Das disclosed some more intricacies about the eRupee. Speaking at the BIS Innovation Summit 2024, in Basel, Switzerland, Das has said that India’s CBDC would offer the same privacy for transactions that cash notes offer.
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RBI's Next Big Plan - Cash Deposit In Banks Via UPI. What It Means
In a major decision, the Reserve Bank said today that it will soon facilitate cash deposit facility in banks through use of the popular UPI, an instant real-time payment system for inter-bank transactions through mobile phones.
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eRupee Recorded Rs. 5.7 Crore in Transactions in First Four Months of Retail Trials, Says RBI: Report
The RBI managed to see transactions worth Rs. 5.70 crore processed via the eRupee CBDC during the first four months of retail trials. The information comes just days after the RBI told the media that the eRupee CBDC is to be loaded with features supporting features for offline payments and programmability.
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''Game Changer'': Video Shows Man Withdrawing Cash From An ATM Using UPI
A video has surfaced on social media showing a man demonstrating how to withdraw cash from an ATM using UPI.
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Delhi Cop Loses Over Rs 2 Lakh In Online Scam, 4 Arrested
Four people, including a couple, were arrested for allegedly cheating a Delhi Police official of over Rs 2 lakh on the pretext of receiving a cash back on an online transaction, officials said on Sunday.
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In Request To Recall All Bank Notes Except Rs 100, High Court Seeks Centre's Reply
Delhi High Court asked the Centre and Delhi government to present their stand on a plea seeking recall of all currency notes above Rs 100, restricting cash transactions above Rs 10,000, among other measures.
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RBI Proposes Expanding Reach of UPI to Allow for Credit via Pre-Approved Bank Lines
The Reserve Bank of India (RBI) is proposing expanding the reach of the popular Unified Payments Interface (UPI) digital payments system by allowing credit to be offered via pre-approved bank lines.
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Axis Bank Acquires Citibank's India Consumer Business
The transaction, announced in March 2022, has been closed for a cash consideration of Rs 11,630 crore ($1.41 billion).
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India's Digital Transactions Estimated to Soon Overtake Cash Transactions, PM Modi Says
Prime Minister Narendra Modi on Tuesday said that many experts are estimating that very soon India's digital wallet transactions are going to overtake cash transactions. A large number of transactions via UPI demonstrate that this indigenously designed payment system is very secure, the Prime Minister added.
-
ATM Cash Withdrawals To Cost More From Today, Check New Charges
The Reserve Bank of Indian (RBI) has announced that starting today, May 1, customers will be charged a maximum fee of Rs 23 per transaction for ATM banking services.
-
Top Court Issues Directions To Implement Rs 2 Lakh Cap On Cash Transactions
When there is a law in place, it has to be enforced, the Supreme Court said on Wednesday while expressing concern over the unsatisfactory implementation of provisions of the Finance Act 2017 which capped the limit of cash transactions to Rs two lakh.
-
No Phone, Cash Transactions: Former Army Man Who Killed Wife Evaded Cops For 20 Years
A former soldier of the Indian Army, who was convicted for the murder of his wife and escaped during parole, has been caught by the police after 20 years.
-
RBI Allows Banks To Hike ATM Cash Withdrawal Charges By Rs 2 To Rs 23
The Reserve Bank on Friday permitted banks to increase charges on ATM cash withdrawals beyond the free monthly usage by Rs 2 to Rs 23 per transaction from May 1.
-
WazirX Hacker Moves Millions Worth of ETH Using Tornado Cash, Suggests Arkham Research
Data collected by Arkham Research showed that the hacker who exploited the WazirX wallet for over $230 million (roughly Rs. 1,900 crore) is using the controversial Tornado Cash platform to do so. The exchange said it is working with law enforcement agencies and the CERT-In to identify the hacker.
-
High-Value Cash Transactions At Hotels, Hospitals Come Under Income Tax Scrutiny
Rampant cash transactions in business sectors like hotels, luxury brand sales, hospitals and IVF clinics need to be checked in a "non-intrusive" manner, the CBDT has asked the I-T department.
-
RBI Governor Says Permanent Deletion of Transactions Would Make CBDCs Like Cash Notes
RBI governor Shaktikanta Das disclosed some more intricacies about the eRupee. Speaking at the BIS Innovation Summit 2024, in Basel, Switzerland, Das has said that India’s CBDC would offer the same privacy for transactions that cash notes offer.
-
RBI's Next Big Plan - Cash Deposit In Banks Via UPI. What It Means
In a major decision, the Reserve Bank said today that it will soon facilitate cash deposit facility in banks through use of the popular UPI, an instant real-time payment system for inter-bank transactions through mobile phones.
-
eRupee Recorded Rs. 5.7 Crore in Transactions in First Four Months of Retail Trials, Says RBI: Report
The RBI managed to see transactions worth Rs. 5.70 crore processed via the eRupee CBDC during the first four months of retail trials. The information comes just days after the RBI told the media that the eRupee CBDC is to be loaded with features supporting features for offline payments and programmability.
-
''Game Changer'': Video Shows Man Withdrawing Cash From An ATM Using UPI
A video has surfaced on social media showing a man demonstrating how to withdraw cash from an ATM using UPI.
-
Delhi Cop Loses Over Rs 2 Lakh In Online Scam, 4 Arrested
Four people, including a couple, were arrested for allegedly cheating a Delhi Police official of over Rs 2 lakh on the pretext of receiving a cash back on an online transaction, officials said on Sunday.
-
In Request To Recall All Bank Notes Except Rs 100, High Court Seeks Centre's Reply
Delhi High Court asked the Centre and Delhi government to present their stand on a plea seeking recall of all currency notes above Rs 100, restricting cash transactions above Rs 10,000, among other measures.
-
RBI Proposes Expanding Reach of UPI to Allow for Credit via Pre-Approved Bank Lines
The Reserve Bank of India (RBI) is proposing expanding the reach of the popular Unified Payments Interface (UPI) digital payments system by allowing credit to be offered via pre-approved bank lines.
-
Axis Bank Acquires Citibank's India Consumer Business
The transaction, announced in March 2022, has been closed for a cash consideration of Rs 11,630 crore ($1.41 billion).
-
India's Digital Transactions Estimated to Soon Overtake Cash Transactions, PM Modi Says
Prime Minister Narendra Modi on Tuesday said that many experts are estimating that very soon India's digital wallet transactions are going to overtake cash transactions. A large number of transactions via UPI demonstrate that this indigenously designed payment system is very secure, the Prime Minister added.
