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However, it also clarified that any cash withdrawal prior to September 1, 2019, will not be subjected to the TDS.
But it's not just the exchange rate that matters -- you'll need to watch out for hefty fees on foreign transactions and cash withdrawals.
It stated that the directive was sequel to findings which indicated that cash withdrawals and transactions of the State and Joint Local Government Accounts posed the 'biggest corruption, money laundering and security threats at the grassroots levels and to the entire financial system and the country as a whole.'
The post UAE bank rolls out cardless cash withdrawal feature appeared first on
UAE-based Emirates Islamic has said that it is offering cardless cash withdrawal services through its mobile banking app.
Customers can now initiate the cash withdrawal from the app and the funds can then be withdrawn from any Emirates Islamic ATM without using a debit or credit card.
Cash withdrawal via Biometrics was said to be available as per routine.
India's largest bank, SBI, in a statement, said, "Daily Cash withdrawal limits for Classic and Maestro Debit Cards reduced from Rs.
Bank Sohar customers can also enjoy cash withdrawal services at over 1,000 ATM facilities across the sultanate under the 'OmanNet' platform for added convenience.
More over in gold category, all services of silver would be offered along with value added services like business cover and cash withdrawal insurance, ATM withdrawal waiver and Interbank fund transfer.
ATM cash withdrawal transactions are excluded from the draw.