SBI customers alert! You won’t be able to withdraw more than Rs 20,000 from ATMs after October 31

October 29, 2018

India’s largest bank, State of Bank of India (SBI) has decided to reduce the daily cash withdrawal limit for Classic and Maestro debit cards from Rs 40,000 to Rs 20,000 per day. The bank has taken this decision ‘in view of the increased number of complaints around fraudulent transactions at ATMs and to encourage digital and cashless transactions’. In a statement, SBI said that the new withdrawal limit will be…

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Your electricity bill may rise if you live in these states; Adani, Tata Power get SC relief

October 29, 2018

With the Supreme Court giving the go-ahead to discoms and stressed power companies — Adani group and Tata Power — to appeal for amendment in power purchasing agreement (PPA) of Mundra projects, it is likely for the consumers to bear the brunt of higher power tariffs, should the Central Electricity Regulatory Commission (CPEC) agree to recommendations made by a high-powered panel. The top court on Monday allowed the discoms and stressed power companies…

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Diwali bonanza for passengers! Indian Railways to partially scrap flexi-fare scheme; discounts likely

October 29, 2018

Diwali bonanza for Indian Railways passengers! Railway Minister Piyush Goyal is all set to give a Diwali gift to passengers by deciding to partially scrap the flexi-fare scheme. A source in the know-how of the matter told Financial Express Online that Goyal is likely to take the decision today itself, ahead of the Diwali and Chhath puja rush that Indian Railways sees. The revised flexi-fare scheme is expected to have…

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