Sunday, October 30, 2022

Remove withdrawal restrictions on basic savings bank deposit accounts for digital payments: Report

On the withdrawal restrictions on BSBD or zero-balance accounts, the report said "in the current phase of digital payments, RBI has to devise ways and means to keep the digital payments outside the age-old definition of withdrawal restrictions in savings deposit."

source https://economictimes.indiatimes.com/industry/banking/finance/banking/remove-withdrawal-restrictions-on-basic-savings-bank-deposit-accounts-for-digital-payments-report/articleshow/95184678.cms

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