NAPE Ambattur

08.02.2017

RBI raised withdrawal limit from savings banks accounts to Rs 50,000 from Rs 24,000

The Reserve Bank of India (RBI) said on Wednesday it would remove the cash withdrawal limit from ATMs and savings accounts from March 13.

Cash withdrawal limit from savings bank accounts will be relaxed to Rs 50,000 from February 20 to March 13, after which it will be removed, RBI deputy governor R Gandhi said after the monetary policy meeting.

Several limits on cash withdrawals from banks and ATMs were imposed after the government’s surprise move to demonetise Rs 500 and Rs 1000 on November 8, 2016.

Earlier, on January 30, RBI had allowed withdrawal upto Rs 24,000 from savings accounts. This was preceded by the relaxation on January 16 when the limit was raised to Rs 10,000 per day from Rs 4,500.

The government has been saying the amount of currency in circulation would remain lower that what it was before November 8 even after remonetisation is completed, a move aimed at encouraging people to go cashless and adopt digital payment methods.

DOP Order : i.Grant double TA to Deaf and Dump ii.Permission to travel by private airlines in c/w donation of organs iii.Applicability of SR147 in Special cases- clarifications

DoP order on (i) Grant of Transport allowance at double rate to Deaf and Dumb Employees of Central Government ( ii). Permission to travel by private airlines in respect of journey performed for donation/transplantation of organs by Government servant and (iii) Applicability of provision below SR-147 to the families of deceased Govt. servant in special circumstances

Services offered by India Post Payments Bank

At India Post Payments Bank, we believe that a nation can grow only when its people prosper together. With financial inclusion, trustworthy banking advice and reliable services at the heart of our philosophy, we envision a future full of promises and possibilities. Even a little saving can go a long way if channelized correctly. That’s why, at IPPB, we aim to ensure equal financial access to every Indian, regardless of who they are and where they live. Here is a glimpse of what IPPB offers.

Banking Services for Everybody​​

Domestic Remittance Services​​

Direct benefit Transfer​​

Doorstep Banking​​

​​Banking Services for Everybody:

IPPB offers 3 distinct accounts, tailored to suit the requirements of people everywhere.

Regular Account – Safal
Basic Savings Bank Deposit Account (BSBDA) - Sugam
BSBDA Small - Saral​

While the Safal Account is packed with features, the Saral account is aimed at people with limited banking experience. ​

Click for more details​

The following services are availables across the different accounts.

Domestic Remittance Services:

IPPB will provide an inexpensive and secure medium to transfer funds via its domestic remittance offering. All customers of IPPB would be eligible to avail a host of different modes of domestic remittance subject to the stipulated constraints – NEFT, IMPS, AEPS, UPI and *99#

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​​Direct Benefit Transfer (DBT):

DBT program aims to transfer subsidies directly to the people through their bank accounts, which will in turn reduce leakages, delays and other similar challenges.

Funds from the disbursing agency are automatically credited into the beneficiary accounts through NACH/APBS instead of cash disbursal. IPPB will provide cash out of the subsidies at the customer's doorstep by combining this service with Doorstep Banking.

Doorstep Banking:

We look forward to extending our relationship with banking at your doorstep. Doorstep banking allows a customer for a nominal fee to request and avail banking and related services at their door. The services currently offered are as follows:

1. Cash deposit
2. Cash withdrawal
3. Balance enquiry
4. Aadhaar to Aadhaar funds transfer

With “Aapka bank, aapke dwaar”, what you see is what you get.