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RBI CASH WITHDRAWAL
RBI sweetens FCNR deposits: NRIs can now earn up to 7% on dollar savingsFor the first time in years, the math is actually working for non-resident Indians to invest dollar savings in India.- Saturday bank holiday: Are banks open or closed today on June 20, 2026?Bank holiday: Indian banks operate on a mixed schedule, with closures on Sundays and the second/fourth Saturdays. While many services are d...
- India short-bond rally faces risks from cash drain, analysts SayBofA Securities and Bandhan AMC Ltd. expect the Reserve Bank of India to step up short-term cash withdrawal operations in coming months as ...
- FPI exodus continues, Rs 62,800 cr pulled out from equities in first fortnight of JuneForeign investors continue to sell Indian shares. They have withdrawn over Rs 62,853 crore in early June. This follows significant outflows...
- ATMs hungry, but not for more cashMany Indians face empty ATMs despite ample cash in circulation. This is due to serious disruptions in cash movement. UPI's rapid rise and i...
- Rs 1.50 lakh/month income from Rs 1.5 crore corpus? Easy retirement strategies explainedRetiring with Rs 1.5 cr can provide a monthly income, but the amount depends on risk appetite and investment returns. Experts suggest withd...
- We still need cash in ATManirbhar BharatDespite the rise of digital payments, cash remains essential, yet ATMs are increasingly running out of money. Banks are reducing their ATM ...
- ATMs in small hubs may run out of cash: Confederation of ATM IndustryATM operators are demanding ₹100 crore compensation from banks. State Bank of India is accused of sending most cash to big cities. This lea...
- Bank holiday for Bakri ID (Id-Uz-Zuha): Are banks open or closed today in your state on May 28, 2026?Bank holiday today: Banks in several Indian states are closed today, May 28, 2026, in observance of Bakri ID (Id-Uz-Zuha). While branch ser...
- Bakri-Eid Bank Holiday Today: Are banks closed or open in your state for Eid-UI-Adha/Id-ul-Zuha) on May 27, 2026?Bank holiday today: Banks across numerous Indian states will be closed today, Wednesday, May 27, 2026, for the Eid-ul-Adha festival. This h...
- New PAN norms 2026: Where quoting is relaxed and where it’s now mandatoryNew Income Tax Rules, 2026 have relaxed PAN quoting for several transactions, including cash deposits and debit card applications. However,...
- Saturday bank holiday: Are banks open or closed today on May 23, 2026?Bank holiday today: Planning a bank visit today, May 23, 2026? First check whether banks are open in their city, as closures may vary depen...
- RBI rate cuts partly passed on to borrowers in FY26, lending rates fall but not fully: ReportRBI's repo rate cuts in FY26 were only partially passed on to borrowers, with lending rates declining but not matching the full policy redu...
- No PAN, no purchase allowed - not even with Form 97; PAN is now mandatory for these high value transactions under new tax rulesNew Income Tax Rules, 2026, effective April 1, 2026, mandate PAN for several high-value transactions. Form 97 replaces Form 60, but its use...
- RBI overhauls prepaid cards & wallets rules: Rs 2 lakh monthly debit limit, usage, restrictions, new safeguard and moreThe RBI has revised Prepaid Payment Instrument (PPI) rules, introducing new monthly debit limits for full-KYC PPIs at Rs 2,00,000, with a R...
- Saturday bank holiday today: Are banks open or closed today on April 18, 2026?Bank holiday today: According to the RBI holiday calendar, banks are closed only on the second and fourth Saturdays. While branch services ...
- Did depositors second-guess Yes Bank's fate? Here's a tale from last yearYES, one of India's largest private lenders, was recently put under moratorium by the RBI in the wake rising bad loans and "serious governa...
- ATM operators seek higher fees on withdrawalsBesides, free withdrawals may be capped at 3 for urban areas in place of the current 5 free transactions.
- RBI asks banks to extend PoS cash withdrawal facilityEarlier, the RBI had instructed to banks on cash withdrawal at PoS (point of sale) devices enabled for all debit cards and open-loop prepai...
- Banks extend working hours, waive off ATM charges to handle impending rushFor public convenience, banks will remain open on coming Saturday and Sunday, Economic Affairs Secretary Shaktikanta Das tweeted.
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