Debit Cards

Wednesday, Apr 17, 2024 | Last Update : 05:26 AM IST

PNB collected Rs 268 cr as ATM transaction charges, annual maintenance fee in FY20. (PTI Photo)

PNB collected Rs 268 crore as ATM transaction charges, annual maintenance fee in FY20

The public sector lender collected Rs 152.88 crore from customers by levying annual maintenance charges (AMC) on debit cards

10 Jun 2020 3:56 PM

Discontinuation of magnetic stripe cards and mass closure of zero balance accounts saw 154 million debit cards going out of use at the end of September quarter.

154 mn debit cards out of use as magnetic strips, zero balance go

There were about 836 million debit cards and about 53 million credit cards in circulation at the end of September quarter.

03 Dec 2019 1:47 AM

The limit was cash withdrawal up to Rs 1,000 per day in Tier-I and II centres and Rs 2,000 per day in Tier-III to VI centres.

RBI asks banks to extend PoS cash withdrawal facility

The RBI has reiterated the instructions with a view to provide for cash withdrawals at PoS by card-holders.

30 Aug 2019 10:20 AM

At present, 28 per cent of its credit card base can be classified as millennials, he said. (Photo: YouTube)

HDFC Bank to offer 2 million credit/debit cards to millennials

The cards, christened Millennia come with a slew of features like a 5 pc cash back on shopping and an 1 pc fuel surcharge waiver.

23 Aug 2019 9:02 AM

A 28-year-old man has been arrested in Okhla Industrial Area for allegedly withdrawing money from the bank accounts of people after swapping their ATM cards on the pretext of helping them, police said on Sunday.

Man held for Okhla ATM fraud, 20 debit cards seized

On July 4, a woman alleged that she went to withdraw cash from an ATM booth in Okhla Industrial Area but the machine was not working properly.

15 Jul 2019 7:42 AM

The standard 30 euro-limit for contactless payments will not be applicable when the fingerprint is used.(Representational image)

UK begins trial of debit cards with built-in fingerprint sensor

The new NFC payment card allows the user to make contactless payments without needing to input a PIN or offer a signature.

12 Mar 2019 2:37 PM

There are times when you end up spending all your monies in your debit card and empty your salary account.

Why you should not use credit card for cash withdrawal

You will end up paying hefty cash withdrawal fee and advance payment charges.

15 Jan 2019 12:00 PM

Country's largest lender State Bank of India (SBI) has asked its customers to get their ATM-cum-debit cards with magnetic stripe replaced with the one with EMV chip before December 31.

Switch to chip-based debit cards by December 31: SBI to customers

The Reserve Bank on India had asked banks to issue only chip-based and PIN enabled debit and credit cards.

26 Aug 2018 1:29 PM

Finance minister Piyush Goyal indicated that Rupay Card and BHIM has been selected for the cashback incentives as it is used by common man or weaker section of the society.

GST Council gives nod to 20 per cent cashback on BHIM payment

Goyal said that software backbone for the incentive will be set up and then those states who are interested can launch the pilot project.

05 Aug 2018 4:40 AM

It was found that as many as 13 customers had lost money to the tune of Rs 6,03,500 since their card details were compromised. (Representational image)

Farzi Cafe former staffer cloned cards

Cafe admin said they identified the suspect through CCTV footage, but he had already quit his job at the cafe.

07 Jul 2017 1:51 AM

No service tax on debit, credit card payments up to Rs 2000

Move likely to give an option to go cashless to cash-starved populace clamouring for more money in hand.

08 Dec 2016 12:22 PM

EDMC is developing Preet Vihar and Vasundhara Enclave as ‘model colonies’.

Cash-strapped EDMC proposes three new taxes

Corporation will go for 100 per cent digital transaction from April 2017.

08 Dec 2016 2:36 AM

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Skand Tayal

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