RBI/2017-18/15 DBR.No.Leg.BC.78/09.07.005/2017-18 July 6, 2017 All Scheduled Commercial Banks (including RRBs) All Small Finance Banks and Payments Banks Dear Sir/ Madam, Customer Protection – Limiting Liability of Customers in Unauthorised Electronic Banking Transactions Please refer to our circular DBOD.Leg.BC.86/09.07.007/2001-02 dated April 8, 2002 regarding reversal of erroneous debits arising from fraudulent or other transactions. 2. With the… Read More
NO MORE FREE BANK ATM USAGE – NEW FEE STRUCTURE BEGINS IN SOME BANKS FROM TODAY
ATM USAGE FEES – FROM TODAY !!!! The new RBI directive on ATM usage attempts to cap the number of free transactions at the six metro locations of Mumbai, New Delhi, Chennai, Kolkata, Bengaluru, and Hyderabad to just five per month. CUSTOMERS – UNDERSTAND THE MEANING OF TRANSACTION IN BANKS. THE FOLLOWING ACTIVITIES ARE CONSIDERED… Read More
