Budget 2020

Bank of Baroda launches WhatsApp banking services

Mumbai: State-run Bank of Baroda on Monday announced the launch of banking services on messaging platform Whatsapp. The lender is offering services such as balance enquiry, mini statement, cheque status enquiry, cheque book request, blocking debit card and information on products and services, among others via WhatsApp, a release said. “With the growing prominence of […]

Budget 2020

Lakshmi Vilas Bank customers can access all services; no change in interest rates as of now: DBS

NEW DELHI: DBS Bank India on Monday said customers of Lakshmi Vilas Bank, which has now been merged with it, can continue to access all banking services, and interest rates on savings and fixed deposits are unchanged as of now. Lakshmi Vilas Bank (LVB) has now been amalgamated with DBS Bank India Ltd (DBIL), the […]

Budget 2020

SBI core banking system impacted, ATMs continue to work fine

State Bank of India (SBI) customers, since yesterday, have been posting on social media about various issues they have been facing with regards to the bank’s digital banking channels. On Tuesday, SBI via its official Twitter handle informed that services of core banking system available to its customers have been delayed due to intermittent connectivity […]

Budget 2020

Positive pay system for cheque payments to come into effect from January 1, 2021: RBI

Mumbai: In order to check banking fraud, the Reserve Bank of India has decided to introduce from January 1, 2021, the ‘positive pay system’ for cheque, under which re-confirmation of key details may be needed for payments beyond Rs 50,000. Availing of this facility would be at the discretion of the account holder. However, banks […]

Budget 2020

Withdrawing more than Rs 10,000 from SBI ATM? Don’t forget to carry your mobile

The State Bank of India (SBI) announced via press release dated September 15, 2020 that it is extending its one-time password (OTP) based cash withdrawal facility for transactions above Rs 10,000 throughout the day across all its ATMs. This will be available from September 18, 2020, the bank stated in a press release. At present, […]