Automatic Teller Machines (ATMs) not dispensing cash but money from bank accounts getting debited is the most common grievance among users. According to data released by Reserve Bank of India, in FY18 alone, 16,000 or 10% of all customer grievances at the banking ombudsman offices were registered under the head ‘account debited but cash notRead More
rajtechnews
Man tries viral Polar Vortex boiling water trick. Gets burnt on video, roasted on YouTube
The trend of pouring boiling water and watching it freeze mid-air in sub-zero temperatures has gone viral to say the least. As the US Midwest battles Polar Vortex 2019, videos of boiling water freezing mid-air have surfaced on social media. But the same did not work out for a man named Chris Kieger, who accidentallyRead More
Govt, RBI in talks to allow use of QR code-based ‘offline Aadhaar’
In the wake of the Supreme Court order on Aadhaar, the government and the Reserve Bank of India (RBI) are in talks to allow use of ‘offline Aadhaar’ that relies on QR codes, instead of the biometric eKYC, for opening bank accounts, operating payment wallets and purchasing insurance covers. The move is significant as itRead More
Half of India’s ATMs may shut down by March 2019
Changes in regulatory landscape are making it unviable to operate ATMs, and may lead to the closure of half of the 2.38 lakh machines in the country by March 2019, the Confederation of ATM Industry (CATMi) warned on Wednesday. Closure of the ATMs will impact thousands of jobs and also the the financial inclusion effortsRead More
Patanjali Paridhan is Patanjali’s first Clothing outlet
India-born FMCG and Ayurved medicines company Patanjali has launched its first clothing store in India. Called as Patanjali Paridhan (Paridhan means dress in Sanskrit), their first clothing store has been launched in New Delhi’s Netaji Subhash Place, a big business hub in North Delhi. Buy Sanskari Jeans For Just Rs 500! As per available information,Read More
SBI ATM Withdrawal Limit to come into Effect from this month end
State Bank of India (SBI) customers cannot withdraw more than Rs. 20,000 from October 31. The cash withdrawal limit on the SBI Classic debit card has been halved from Rs. 40,000 amid growing concern over the cloning of ATM cards, the country’s largest bank had said earlier this month. In the festival season, the SBIRead More