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RBI has asked Banks to Transfer Benefits to Customers to Boost Digital Payments

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Reserve Bank of India made a declaration about lifting the charges on net banking services namely RTGS (Real Time Gross Settlement), and NEFT (National Electronic Funds Transfer) to promote digital payments a few days ago. Now, the central bank has asked all the scheduled commercial banks to pass on the benefits to customers so as to increase the percentage of people using digital mode of payments on a daily basis.

On the other hand, the ATM charges are likely to rise as banks and other cash handling companies have expressed a demand to do so. Due to the increasing security costs, banks are asking RBI to increase the ATM charges to manage the increasing ATM costs of banks. Banks charge a maximum of Rs. 20 from a customer but they themselves have to pay Rs 30.

Since a lot of people use OnlineSBI and SBI net banking on a mass rate, there will be a sign of relief for such people after the RBI’s announcement to lift charges on net banking. Rajnish Kumar, the chairman of State Bank of India, has said that the motive of scrapping transaction charges for RTGS and NEFT is to boost digital payments. There will be a big relief for all the big businessmen who transfer a huge amount of money digitally.

In its official notification released by RBI, it has been clearly mentioned that RBI imposes minimum charges on banks for RTGS and NEFT transfers. Hence, banks should also give benefits to customers by reducing charges to promote digital payments among people. After taking into consideration the increasing demand to change the ATM charges, RBI has set up a committee under the CEO of Indian Banks’ Association (IBA) to address this issue.

Jenny is one of the oldest contributors of Bigtime Daily with a unique perspective of the world events. She aims to empower the readers with delivery of apt factual analysis of various news pieces from around the World.

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US House Speaker, Nancy Pelosi Calls Mahatma Gandhi the Spiritual Leader of US’ non-Violence Movement

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Nancy Pelosi, Speaker of the US House of Representatives calls “Mahatma Gandhi” the Spiritual Leader of US’ non-Violence movement. While speaking at the Second Leadership Summit of the US India Strategic and Partnership Forum (USISPF), Pelosi described the influence the Indian leader had on the American social activist Martin Luther King Jr.

In his speech, she revealed about his firm belief in Gandhian philosophy and thinking. Nancy Pelosi also expressed his willingness to strengthen India-US relationship. Martin Luther King Jr did a spectacular work as a social activist in the American civil rights movement. The speaker of the US House of Representative said that Martin Luther King Jr. followed the footsteps of Mahatma Gandhi and walked on the path of non-violence and truth.

According to Pelosi, India has given the spiritual gifts to the United States which is playing a crucial role in establishing strong ties between the two countries. In addition to this, Pelosi also shared instances from his childhood days when he developed the interest in the Gandhian philosophy. She appreciated the contribution of the Indian PM, Narendra Modi in enhancing the relations between the US and India. In his speech, she highlighted her strong interest in books based on Mahatma Gandhi during her childhood days.

In different corners of the world, more and more people have been walking on the path of spirituality. And this trend is highly seen in the Arabian countries because of the influence of many spiritual channels on the people. The increasing popularity of the online platform, asrar.asrare.net has played a crucial role in strengthening the roots of spirituality in the entire world. Many spiritual leaders and various online spiritual platforms have played a crucial role in giving a vision to people to follow spirituality principles in their lives.

There is no doubt that the spiritual sciences and Has a strong impact on society and is a double-edged sword and you can read more articles here جلب الرزق

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