I recently faced an issue at a Union Bank ATM. While I was depositing 49k INR, the machine suddenly shut down due to a power cut. My money was taken into the ATM, but it wasnāt credited to my account. Since the ATM was just outside the bank, I immedi
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SHIV DIXIT
CHAIRMAN - BITE INDU...Ā ā¢Ā 6m
somewhere i heard that complaining to rbi directly about delayed transaction with bank or any problem with atm then you will get 100rs daily compensation
How ATMs Make Money ā Let's Find Out! š¤šø
1. Transaction Fees: When you withdraw money from an ATM, you are charged a certain fee. This fee goes to the ATM operator and is a significant source of their income.
2. Balance Inquiry Fees: Checking yo
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6 replies5 likes
Rohan Saha
Founder - Burn Inves...Ā ā¢Ā 1m
RBI signs MoU with Bank of Mauritius to promote use of local currencies for bilateral transactions.
2 replies5 likes
mg
News & updatesĀ ā¢Ā 2m
Important RBI rules for credit cards
Bank can't charge joining fee if customer has not activated their credit card
CC should be automatically closed if not used for more than a year
Rs 100 compensation per day for delay in closure of credit cards
The Reserve Bank of India (RBI) has announced that it will soon revise the transaction limits for Unified Payments Interface (UPI) payments made to merchants, also known as person-to-merchant (P2M) transactions. This move is aimed at enhancing the ef
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0 replies15 likes
LIKHITH
ON NE SAIT JAMAISĀ ā¢Ā 1m
INDUSIND BANK DRAMA IN A NUTSHELL ! š
" 1500 CRORES SCAM !? "
āCeo Sumanth got reappointed in early 2025 by RBI
āDays later 1.5k Cr Accounting "mistake" (Not a mistake,they knewš) showed up to public.Thanks to RBI investigation
ā Bank lied ab
The Reserve Bank of India (RBI) cut the repo rate by 25 basis points to 6.25%.
This is the first rate cut in five years, with the last one occurring in May 2020.
1 replies3 likes
Dinakar
GeneralistĀ ā¢Ā 11m
A story on ATMs -
Total number of ATMs India had at the end of fy23 was 1.31 lakhs. These are standalone ATMs that aren't inside a bank's branch. This figure is about 1.5% more than last year.
This tiny growth isn't driven by banks, but instead by
Today's scoop: š
Despite RBI action, Kotak Mahindra Bank stays strong, assuring customers of smooth operations. āļø
While pausing new credit card issuances temporarily, they're on itāworking hand in hand with regulators. ā
Stock prices took a hit
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3 replies4 likes
gray man
I'm just a normal gu...Ā ā¢Ā 28d
BharatPe announced today that its subsidiary, Resilient Payments Private Limited, has received final approval from the Reserve Bank of India (RBI) to operate as an online payment aggregator (PA).
With this approval, the company stated that it is now
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Vikram Kumar
Founder at StockwareĀ ā¢Ā 6m
Navi Finserv Ordered to Cease Loan Disbursement by RBI šØ
In a recent development, Navi Finserv, the NBFC arm of Sachin Bansalās Navi Technologies, has been ordered by the Reserve Bank of India to cease and desist from sanctioning and disbursing loa
