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
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.
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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