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  RBI to reimburse banks MDR charges effective 1 January

  Feb 16, 2017, 07:05 PM IST

  The Reserve Bank will start reimbursing MDR charges to banks for payments made since 1 January through debit cards by citizens, in line with the government’s move to further digital solutions. In December 2016, the

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  Note ban decision was taken after 'govt advice': RBI tells Parliamentary panel

  Jan 10, 2017, 06:27 PM IST

  Ever since the announcement of scrapping of old Rs 500 and Rs 1,000 notes was done by Prime Minister Narendra Modi, the government has suggested that the decision came from the RBI.

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  High Court Waits For RBI Decision On Bank Penal Charges For Zero Balance

  Aug 10, 2011, 10:44 PM IST

  Bangalore, August 10: The Karnataka high court on Tuesday observed that banks recovering penal charges from customers not maintaining minimum balance in their accounts might have to pay back the amount with penal interest once

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