Delhi High Court Directs to Take Down YouTuber 'Defamatory' Video on Sadhguru, Isha Foundation  ||  Bombay HC Upholds Suspension of TISS Student for Participating in Anti-National' Activities  ||  Ker. HC: Eviction Can be Overturned Only When Subsequent Events Completely Negate Landlord’s Needs  ||  Delhi HC: Enquiry u/s 11 of A&C Act Limited to Existence of Arbitration Agreement  ||  Bom HC: DGP to Investigate ‘False Rape Cases Racket’ Allegedly Run by Cop and Women Lawyers  ||  Ker. HC: Even If No Offence Revealed During Probe, CBI Can File Final Report  ||  Ker. HC: When Acts Constitute Offence, Shutting Doors of Criminal Court would be Travesty of Justice  ||  AP HC: Order of License Suspension Can’t Partake Character of License Cancellation  ||  P&H HC: It is Mortgagee’s Inherent Right to Put Property on Public Auction on Failure of Payment  ||  J&K High Court: Courts Can’t Compel Employer to Extend Contractual Relationship Once it Ends    

Interoperable Card-less Cash Withdrawal (ICCW) at ATMs- (Reserve Bank of India) (19 May 2022)

MANU/RMIC/0096/2022

Banking

1. Please refer to paragraph 7 of Statement on Development and Regulatory Policies dated April 08, 2022, wherein the Reserve Bank of India (RBI) had announced introduction of ICCW.

2. All banks, ATM networks and WLAOs may provide the option of ICCW at their ATMs. NPCI has been advised to facilitate Unified Payments Interface (UPI) integration with all banks and ATM networks. While UPI would be used for customer authorisation in such transactions, settlement would be through the National Financial Switch (NFS) / ATM networks. The on-us / off-us ICCW transactions shall be processed without levy of any charges other than those prescribed under the circular on Interchange Fee and Customer Charges.

3. Withdrawal limits for ICCW transactions shall be in-line with the limits for regular on-us / off-us ATM withdrawals. All other instructions related to Harmonisation of Turn Around Time (TAT) and customer compensation for failed transactions shall continue to be applicable.

4. This directive is issued under Section 10(2) read with Section 18 of the Payment and Settlement Systems Act, 2007 (Act 51 of 2007).

Tags : INTEROPERABLE  ICCW   ATMS  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved