RBI has asked Banks to Transfer Benefits to Customers to Boost Digital Payments
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.
Top Road Trip Destinations in Canada
Did you know that 1.93 million Americans traveled to Canada in 2020? That number was down year-over-year due to COVID-related travel restrictions.
While some Americans visit the Great White North via plane, others prefer road trips. It can be fun to plan an itinerary, book a hotel, pack the luggage, load your family into the car, and head to the border. But if a road trip to Canada is in the plans for you and yours this summer, what Canadian destinations are worth the potentially thousands of miles of driving? Keep reading to learn about the top road trip destinations in Canada.
Grasslands National Park in Saskatchewan
Grasslands National Park is one of Canada’s 44 national parks and park reserves. Whether you’re an earlier bird or a night owl, the national park in Southern Saskatchewan provides an ideal prairie landscape. It’s the perfect place to unwind, immerse yourself in nature, and recalibrate your life.
Enjoy the great outdoors on a campsite, or take part in hiking adventures by exploring trails. The solitude and breathtaking beauty of this national park will leave you in awe. Make time for the Ecotour Scenic Drive. It’s about 20 km (around 12.5 miles) long and will take one to three hours to complete depending on your pace.
Toronto to Stratford, Ontario
If there’s one Canadian city most Americans have heard of, it’s Toronto. Toronto, the capital of Ontario, is the fourth largest city on the continent. It’s also home to the only authentic castle in North America. Casa Loma, located in midtown Toronto, is worth the visit. So, too, is the CN Tower, which is the biggest free-standing structure in the Western Hemisphere. The city also has citizens representing 200+ ethnic groups.
While there’s plenty to see and do in Toronto, why stop there? It’s a good idea to include a Toronto-to-Stratford excursion while on your road trip to Canada. You must travel 150 km (about 93 miles ) west to get to Stratford. You’ll see Victorian architecture and get to take in the live theater. Most Americans probably haven’t heard of Stratford before. But when you come for a visit, there’s a good possibility you won’t ever forget it.
North Cape Coastal Drive, Prince Edward Island
If you haven’t ever taken a road trip to Prince Edward Island, you don’t know what you’re missing. It’s Canada’s smallest province, but it sure offers a boatload of fun. Are you a foodie or do you like to indulge in the local cuisine when traveling? Check out the western peninsula. You can delight your tastebuds with the range of food available.
Make time to visit the Canadian Potato Museum in the province. After taking in the sites and attractions at the museum, enjoy a meal at the onsite PEI Potato Country Kitchen. The menu has items like the chili topped baked potato, which features a baked potato, homemade chili, and cheese. Meanwhile, the pulled pork potato features a baked potato topped with pulled pork, cheese, and sour cream on the side. That’s just a sampling, and all baked potato dishes are served with fresh-cut, homemade chips.
If you’re intersted in a U.S. to Canada road trip this year, the options above will give you some ideas. The sky’s the limit since there’s so much to see and do.
You’ll want to ensure your vehicle is in good working order to avoid breakdowns. You’ll also want to stay alert on the road since you’ll be traveling a lot of miles and spending hours behind the wheel of your car.
If you get into an accident, you must know what to do. In addition to reporting the accident, calling your insurer, and possibly even booking a rental car to complete your road trip, you’ll want to contact a personal injury lawyer if anyone is injured.
No one wants to consider accidents or injuries when on a road trip. But it’s best to hope for the best while being prepared for the worst. You’ll enjoy the journey and the destination a lot more when you’ve done everything possible to prepare for any possible issues.
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