Tag Archives: Banks

Outstation Cheque Collection – RBI Circular

Posted on March 11, 2009 by admin

RBI in it’s Circular dated 8th Oct,’08 has issued norms for Charges for Outstation cheque collection. RBI has mandated that banks must follow the following guidelines for Charges: – Up to Rs. 10,000                     – not exceeding Rs. 50 per instrument … Continue reading →

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Service Charges for Electronic Payments

Posted on March 11, 2009 by admin

On 8th Oct’08, RBI mandated that Banks must NOT charge for any Inward RTGS/NEFT/ECS transactions (i.e., for receiving funds). For Outward transactions, i.e., sending the funds, the Maximum Charges have been specified as below: (i)  RTGS  – Rs. 1 to … Continue reading →

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Refund of Wrong Debits in ATM

Posted on February 13, 2009 by admin

At some point of time or other, most of us would have had a bad experience at the ATM when the amount we key-in does not come but is debited from the A/c. In most cases, the reversal happens in … Continue reading →

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What is the Indian FM doing?

Posted on November 5, 2008 by admin

What is the Finance Minister of India trying to do? If you ask me I will say – He is preparing for Elections rather than try to save the fundamentals of the economy. He is bullying the banks to cut … Continue reading →

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