Shaikh Inside

Are we really not going to have ATM card of many people from March 16, will be blocked? Mumbai. There is going to be a change in the rules for withdrawing money from ATM card (RBI allows card holders to enable disable cards for online) from 16 March 2020 across the country. According to the RBI, new rules have been introduced to make transactions (transactions of money) from debit cards i.e. ATM and credit cards more easy. Also, securing the money deposited in the account, these new rules (RBI allows use modify transaction limits). Let us tell you that earlier also, from January 1, 2020, SBI had issued new rules to withdraw cash from ATMs. Now SBI has started one time password based cash withdrawal system at ATMs. Under this, to withdraw cash from the ATM from 8 am to 8 am, you have to tell the OTP on the mobile number registered with the bank. This rule is applicable to cash transactions of more than 10 thousand rupees. Let's know what new RBI rules are coming into effec...

Google Pay for India (Tez) : Tez is now called Google Pay! Google, Inc. • Tez is now Google Pay. While our name has changed, all the features like direct-to-bank and rewards are here to stay Screenshots from Google Pay For India (Tez) App. Tez is now called Google Pay !  If you are upgrading Tez from a previous version, your account and transactions are not affected by this change. Find out more at https://support.google.com/tez/?p=gpayindiahc Send money to friends, pay bills and buy online, recharge your phone, or pay at the nearby café with Google Pay , Google's digital payment app.  Use Google Pay for All Your Payment Needs + Pay and receive money straight from your bank account Google Pay works with your existing bank account*, which means your money is safe with your bank. There’s no need to worry about reloading wallets and you don't need to do additional KYC. Using NPCI's (National Payments Corporation of India) BHIM Unified Payments ...

Why You Can’t Withdraw the Rs 200 Note From an ATM Anytime Soon : Shaikh Inside As of 4 January 2017, the Reserve Bank of India has ordered banks to recalibrate all 2.2 lakh ATMs across the country to ensure the dispensation of the new, yellow Rs 200 notes. Even though the new note was introduced in the market in August 2017, it remains somewhat of a novelty and  available only with banks  because of its size! Its dimensions (66 mm x 146 mm) are different from the existing currency in circulation, including the new Rs 500 and Rs 2000, due to which ATMs have to be recalibrated. After demonetisation in November 2016, banks went through a complete overhaul of all ATMs, having had to recalibrate the trays which hold and dispense notes inside the machine to fit the new dimensions of the Rs 500 and Rs 2000 note. This led to months of despair and disruption as people were unable to access their money easily and instead had to endure long lines in banks to withdraw ...