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How ATMs Make Money – Let's Find Out! 🤑💸 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

RBI signs MoU with Bank of Mauritius to promote use of local currencies for bilateral transactions.

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

INDUSIND BANK DRAMA IN A NUTSHELL ! 💀 " 1500 CRORES SCAM !? " ●Ceo Sumanth got reappointed in early 2025 by RBI ●Days later 1.5k Cr Accounting "mistake" (Not a mistake,they knew💀) showed up to public.Thanks to RBI investigation ● 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.

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: 😋 Despite RBI action, Kotak Mahindra Bank stays strong, assuring customers of smooth operations. ☝️ While pausing new credit card issuances temporarily, they're on it—working hand in hand with regulators. ⛔ Stock prices took a hit

Navi Finserv Ordered to Cease Loan Disbursement by RBI 🚨 In a recent development, Navi Finserv, the NBFC arm of Sachin Bansal’s Navi Technologies, has been ordered by the Reserve Bank of India to cease and desist from sanctioning and disbursing loa

Opened a start-up current account with Yes Bank. Out of service area so the RM has to get permission from head office. Yesterday RM called saying RBI has frozen the account because allegedly they called me to verify and I said "we never applied for

Do you know that according to industry estimates, processing UPI transactions costs stakeholders approximately 0.25% of the transaction value. In FY24 alone, these costs amounted to nearly Rs 12,000 crore, with Rs 4,000 crore incurred for transactio