Cash Withdrawals

Good News! HDFC Bank customers can now withdraw cash without debit card at ATMs | Know how it works

With this 'Cardless Cash Withdrawal' process, customers can obtain cash from an HDFC Bank ATM even when they are not carrying their debit cards.

Withdraw cash from ATM without using Debit card, Know how

The company is providing UPI-enabled interoperable cardless cash withdrawing system in the country. Under this system, anyone can withdraw cash from the ATM by just scanning the QR Code through the UPI App.

PNB's new rules for ATM cash withdrawals applicable from today. Check details

According to the changed rule, cash withdrawals from Punjab National Bank ATMs will now not be possible without an OTP.

Bank of Baroda rolls back cash deposits, withdrawals charges after public outcry

Bank of Baroda had made certain changes with effect from November 1, 2020, with regard to the number of free cash deposits and withdrawals per month. Opposition political parties had also protested against the move.

Have a Jan Dhan account, basic savings account? Don't miss this big update

Banking sources said ICICI Bank is not levying charges on the basic savings bank deposit account (BSBA) and Jan Dhan accounts.

Banks to levy charges on deposits, withdrawals of money from today. Check full list

Bank of Baroda (BOB) will start charging its customers for transactions beyond the prescribed limits from today. Names of other banks like Bank of India, PNB, Axis Bank and Central Bank are also emerging in reports, but they are yet to take a final call on the matter.

Good News! Soon, you can withdraw cash from ATMs using your smartphone

The ‘contactless' solution, currently under demo at interested banks, enables a customer perform all the steps required to withdraw cash from an ATM using the mobile app itself.

Charges on ATM cash withdrawal likely to increase; operators write letter to RBI

Withdrawing cash from bank ATM soon to become costly as India's ATM operators' association has written to the Reserve Bank of India (RBI) seeking a hike in the interchange fee paid by customers.

Savings Account in ICICI Bank? You'll have to pay more for banking transaction from THIS date

Holding Savings Account in ICICI Bank? Then brace up to pay more for transactions like withdrawing, depositing cash. ICICI Bank said that account holders will have to pay more for transactions from December 15, 2019.

SBI, BOB restrict cash withdrawals from micro-ATMs of other banks

Bank ATM users alert: Bank of Baroda (BoB) and State Bank of India (SBI) have put cash withdrawal limitations for customers at micro-ATM terminals of other banks, in a move that would majorly impact banking services in rural areas.

Are you a Canara Bank customer? Here's why you should keep your phone handy

"Now your ATM cash withdrawals in Canara Bank ATMs get safer and more secured with OTP facility on cash withdrawals above ₹10,000 in a day. This additional factor of authentication protects from unauthorized ATM cash withdrawals for the bank card holders," the bank said.

Cash withdrawal from multiple accounts to be aggregated for levying 2 per cent TDS

Plugging loopholes, the government on Thursday brought an amendment to its Budget proposal to levy tax on high value cash withdrawals, saying a two per cent tax will be charged if aggregate cash withdrawal from one or more accounts exceeds Rs 1 crore.

Finance ministry mulling 3-5% tax in Budget on cash withdrawal of 10 lakh a year

Withdrawing a cumulative Rs 10 lakh a year can attract 3-5 per cent tax if a proposal going around in the Finance Ministry takes shape in the Budget to track high value cash deals and make digital payments mandatory.  

Outrage in Kerala over SBI’s move to charge ATM withdrawals

As per the bank’s new order, every cash withdrawal from the bank’s ATM by a customer will attract a charge of Rs 25

Ban on cash dealings not applicable for bank, post office withdrawals