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ICICI Bank has launched a digital media integrated campaign called ‘Live without cash’ which has been conceptualised and executed by Blink Digital. Campaign India spoke to Dooj Ramchandani, co-founder and creative director, Blink Digital about the campaign. Talking about the concept behind the campaign, Ramchandani said, “While consumers in India moved to cards a while back, majority of them still use their debit and credit cards in a very limited way. Most often, customers will repeatedly use their cards only for a specific transaction, and wouldn't bother venturing into other transactions.” The objective of the campaign is to educate consumers about the varied uses of a credit and debit card, he said. “With this campaign, we wanted to educate customers about the range of transactions possible through credit and debit cards and how they can use their cards in a secure way. We also wanted to tell them about the benefits and advantages of using ICICI Bank Credit and Debit Car...

The Reserve Bank of India (RBI) recently changed cheque-rules to tackle the rise in cheque-related fraud cases. It asked banks to put preventive measures in place and follow them meticulously. It also issued some other guidelines in this regard. Here is what you need to know: 1) SMS alerts: The RBI asked banks to send an SMS alert to both payer and drawer when the cheque is received for clearing. Till now, SMS alerts were compulsory only for debit/credit card transactions. While dealing with suspicious or cheques of high value, banks have been asked to alert the customer by a phone call and obtain confirmation from both the parties involved in the transaction. The account holder’s bank branch must also be contacted. 2) Examination of cheques: Besides sending alerts, banks have been asked to examine cheques under UV lamp. This is applicable if the cheque amount goes over Rs 2 lakh. Also, a mechanism must be put in place to ensure multi-level checking of cheques for amount over Rs 5 lak...

IBPS RRB CWE III Result 2014 can be checked online at www.ibps.in. Result of IBPS RRB 2014 exam for Officers scale 1, 2, 3 and Office assistants includes status of result and online facility to view scores obtained in the exam. To check result and view IBPS RRB CWE III scores, you will be required to enter Registration number or Roll number and password or date of birth. Candidates who obtain minimum qualifying cutoff score will be called for interview. The IBPS Common Written Examination for Regional Rural Banks, phase III was held in the month of September 2014. Result declaration is to be done online only. Earlier it was notified that IBPS result of RRB CWE 3 will be declared on 5 November 2014. The new expected date of result declaration is 15 November 2014.

Even as State Bank of India, the country's largest lender, has decided to charge its customers for more than fivetransactions through automated teller machines (ATMs), private sectors banks continue to be on a wait-and-watch mode. However, following SBI's decision, some major public sector banks are re-evaluating the cost of ATM transactions and are likely to take a decision on restricting the number of free transactions. Among them is public sector lender IDBI Bank. A senior IDBI bank executive said: "As of now, the bank has not changed the terms for ATM usage though RBI (Reserve Bank of India) permitted us. But it has become an expensive proposition, especially when our customer uses other banks' ATMs. An internal assessment is underway for taking a call on revising the terms and charges." IDBI Bank has 2,727 ATMs at the end of September 2014, he added. A Bank of India official also said they have not revised the charges as of now, but they will review the usag...

New Delhi: From Saturday (November 1), frequent withdrawal of money from ATMs will be costlier with the Reserve Bank of India (RBI) having imposed a limit of 3 cross-bank transaction per month from other banks and 5 from same bank. As per the new RBI guidelines passed earlier in August, a customer will have to pay a fee of Rs 20 per transaction for using the Automated Teller Machines (ATMs) beyond the permitted number of 3. Prior to this, banks permitted 5 free transactions from cross-banks. Customers will also be charge Rs 20 for using their own bank ATMs after the allowed 5 transactions limit. These new guidelines, which were issued in pursuance of a representation made to the central bank by Indian Banks' Association, will come into effect from tomorrow in six metropolitan cities of Delhi, Mumbai, Chennai, Bangalore, Kolkata and Hyderabad. "The number of mandatory free ATM transactions for savings bank account customers at other banks ATMs is reduced from the present 5 to ...