If you are the account holder of HDFC, SBI and ICICI bank, then you may face problem in getting OTP in the coming month. On Friday, the Telecom Regulatory Authority of India (TRAI) released the names of 40 companies that have not complied with their order of new SMS regulations, and the names of banks – SBI, HDFC and ICICI banks. TRAI issued a statement in which they placed a strict order stating that these companies have to comply with the orders by April 1, 2021, and if they do not do so, their customers will face problems in obtaining OTP. . According to the news agency PTI, the Telecom Regulatory Authority of India (TRAI) on Friday released a list of 40 such ‘defaulters’ companies, Who are not meeting regulatory regulations regarding bulk commercial messages. These major units have been informed about this many times by TRAI. These include HDFC Bank, State Bank of India and ICICI Bank.
Know what is the whole matter
The regulator has initiated a process to curb commercial messages aimed at ridding customers of fraud SMS. In this, the regulator has asked companies to register SMS with TRAI in a format so that the right message reaches the customers and they do not fall prey to any fraud. Many companies are not taking this order of the regulator seriously. This will have the effect that customers may have to bear the brunt of the negligence of the companies. Messages / OTPs etc. sent by such companies to customers can be rejected by the new system of TRAI from next month.
TRAI has taken a tough stance on the issue, stating that the defaulting units will have to meet these rules by March 31, 2021. If not, their communication with customers may be interrupted from April 1, 2021. “Major units / tele marketing companies have been given ample opportunity to meet regulatory requirements,” the regulator said in a statement. Consumers cannot be further denied regulatory benefits. In view of this, it has been decided that if a message from April 1 does not comply with the regulatory requirements, it will be stopped by the system. ”
Banks will also remain closed
On the other hand, those who are planning to visit the banks in the next week, let us tell you that the banks will be closed for seven days from 27 March to 7 April. In the coming week, there are only two days when the bank will be open. The bank will be closed on 27 March, as it is a fourth Saturday, whereas, 28 March is Sunday, and after that, on the occasion of Holi, there will be a national holiday i.e. on 29 March. . It will be closed on 30 March in Patna. After this, banks will remain closed on 31 March as it is the last day of the financial year. On the go, banks will remain closed on 1 April as there will be an account closure process on the same day. April 2 will also be a holiday due to Good Friday. Banks will be closed on April 4, as it is Sunday
Cash withdrawal limit at SBI Non-Home Branch
If you have a savings account with the State Bank of India (SBI), you can withdraw up to Rs 50,000 per day at a non-domestic branch, using the withdrawal form along with the passbook. For current account holders, this limit is Rs 1 lakh. However, cash withdrawals (charges based on multiple transactions) at home and non-home branches do not apply to small / no-frills deposits / basic savings bank account holders. The maximum limit for depositing cash at SBI non-domestic branch is 2 lakhs per day.
ICICI Bank Fees
ICICI Bank Limited charges 5,000 free transactions per month and a minimum of 150 after the first non-home bank transaction of the month. In addition, a maximum of one person can transact up to 50,000 transactions in a day in a non-home branch.
HDFC Bank
HDFC Bank allows cash withdrawals of up to 1 lakh per day, after which a minimum charge of 50 is levied on the transaction.
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