Are we really not going to have ATM card of many people from March 16, will be blocked?
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...