Mumbai: In a bid to help expand the reach of financial services to the last mile, the Union Budget 2022 announced bringing 1.5 lakh post offices into the core banking system, and setting up digital banking units in 75 districts, to mark 75 years of Independence, by scheduled commercial banks. “In 2022, 100 per cent of 1.5 lakh post offices …
The service charges per transaction for Automated Teller Machines across banks have increased to Rs 21 from Rs 20 starting Saturday after the Reserve Bank of India issued an order stating that customers will have to pay Rs 1 more beyond the permissible free transactions for cash as well non-cash purposes. In a nutshell, customers who transact at other banks’ …
