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Policy● Neutral for SBI
5 money changes in Oct: Bulk FD rates, UPI MDR, SBI ATM limit cut, LPG KYC & more
The brief
- October money changes include fewer free ATM transactions for some SBI salary account customers
- Changes also include bulk FD rates, UPI MDR, LPG KYC and new disclosures
- SBI account changes affect customers; UPI MDR shifts may matter to payments firms and merchants
- Reliance’s ₹13,000 crore bond issue draws strong demand; SBI said to be largest investor
- SBI buys nearly 40% of Reliance Industries’ ₹13,000 crore bond offering
- New rules from October 1 cover SBI ATM charges, UPI fees and LPG subsidy verification
- Bank Nifty Index Slips Below 55,000; Yes Bank, IDFC First, PNB, SBI Top Drags
- 3-day bank strike deferred after bank union body meet: Will SBI, HDFC Bank remain open on Monday, 28 September?