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cash withdrawals

Monthly average cash withdrawals went up by 5.51% in FY24: Report

Monthly average cash withdrawals went up by 5.51% in FY24: Report

Mon, Apr 29, 2024

In an annual report, which comes amid bigger strides being made by digital payment modes like UPI that has led to notion of decline in cash usage, the company said monthly average automated teller machine (ATMs) cash withdrawals were at Rs 1.35 crore in FY23.

TDS on cash withdrawal alert! New functionality from Income Tax Department for banks and post offices

TDS on cash withdrawal alert! New functionality from Income Tax Department for banks and post offices

Mon, Jul 13, 2020

In a major development, the Central Board of Direct Taxes, Government of India has provided a utility to ascertain TDS Applicability Rates on Cash Withdrawals.

Canara Bank launches OTP facility for ATM cash withdrawals

Canara Bank launches OTP facility for ATM cash withdrawals

Tue, Aug 27, 2019

ATM cash withdrawals above ₹10,000 needs OTP: Canara Bank launches a new facility

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Demonetisation anniversary: Is India a 'less cash' society?

Demonetisation anniversary: Is India a 'less cash' society?

Wed, Nov 08, 2017

Post demonetisation currency in circulation has fallen, while cash withdrawals soar and digital transactions at point of sales terminals also increase, we ask – Is India now a ‘less cash’ society?

From cheque clearance to cash deposits, banking services to hit as 10 lakh PSU bankers strike today

From cheque clearance to cash deposits, banking services to hit as 10 lakh PSU bankers strike today

Tue, Aug 22, 2017

Employee unions under United Forum of Bank Unions (UFBU) has called for today's bankers strike.

Cash loving Indians go back to pre-demonetisation level of ATM withdrawals

Cash loving Indians go back to pre-demonetisation level of ATM withdrawals

Tue, Jun 20, 2017

Digital transaction push after the NDA government braved the decision to demonetise higher currency notes did not boost non-cash transactions. Motilal Oswal analysts provide analysis to support the numbers.

To discourage cash transactions, HDFC Bank & others begin minimum levy of Rs 150 on cash deposits & withdrawals

To discourage cash transactions, HDFC Bank & others begin minimum levy of Rs 150 on cash deposits & withdrawals

Thu, Mar 02, 2017

To discourage cash transactions and boost the digital payments, banks like HDFC Bank and others have started charging a minimum amount of Rs 150 per transaction for cash deposits and withdrawals beyond four free transactions in a month.

Only 30% of ATMs are functional as banks opt to distribute cash

Only 30% of ATMs are functional as banks opt to distribute cash

Sat, Dec 31, 2016

More than two-thirds of ATMs continued to run dry across the country till Friday as banks chose to distribute cash to customers through branches rather than refill machines that could be accessed by all debit card holders,

Demonetisation: Bank withdrawals stand at 20% of total deposits

Demonetisation: Bank withdrawals stand at 20% of total deposits

Tue, Nov 29, 2016

On the evening of November 8, Prime Minister Narendra Modi in a televised address said that nearly 86% of Rs 16 lakh crore that oiled the Indian economy by way of Rs 500 and Rs 1000 notes were illegal tender from midnight.

Demonitisation aftermath: Chaos grows, queues get longer at banks, ATMs on weekend

Demonitisation aftermath: Chaos grows, queues get longer at banks, ATMs on weekend

Sat, Nov 12, 2016

Virually every bank and ATM in India is seen filled with people and long queues snaking as people jostle to exchange or deposit Rs 500 and Rs 1,000 notes that have been demonetised.

Notes Exchange Facility: Here are key things you should know

Notes Exchange Facility: Here are key things you should know

Fri, Nov 11, 2016

If you are heading to ATMs or bank branches for exchange or deposit of your old Rs 500 and Rs 1,000 notes, here are important things that you should know.

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