Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

            } else {
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</span></span></code>
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-The Times of India&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;MUMBAI: &lt;/em&gt;Crores of Pradhan Mantri Jan Dhan Yojana (PMJDY) account-holders risk either having their accounts frozen or having charges imposed if they exceed four debit transactions in a month. Vague wording of the Reserve Bank of India&#039;s guidelines on basic savings bank deposit accounts (BSBDA), which include PMJDY accounts, has led to banks conjuring up ways to cap free transactions.&lt;br /&gt;
&lt;br /&gt;
The norms applicable to PMJDY accounts are those that are prescribed for the BSBDA by the RBI. The BSBDA was earlier known as a &#039;no-frills&#039; banking account&amp;mdash; a service under which banks were to provide free basic banking facilities without any minimum balance requirement. Almost every bank today is violating the RBI&#039;s norms because of the unclear wording.&lt;br /&gt;
&lt;br /&gt;
The frailties in the BSBDA have been highlighted in a report by Ashish Das, professor at the Indian Institute of Technology, Bombay.&lt;br /&gt;
&lt;br /&gt;
The report shows how banks are freezing transactions, imposing minimum balance requirement or levying charges when a customer exceeds the prescribed four free withdrawals.&lt;br /&gt;
&lt;br /&gt;
State Bank of India, which has more than 9.9 crore PMJDY accounts, has chosen to freeze all debits once the free transaction limit are exhausted. A bank official said that customers can do more transactions by converting their accounts into regular savings accounts. Axis Bank is informing customers how the account will turn into a regular savings account when the limits are breached. ICICI Bank had earlier imposed charges but subsequently refunded them. HDFC Bank has said that transactions beyond four are chargeable.&lt;br /&gt;
&lt;br /&gt;
To complicate matters, instead of speaking about withdrawals or ATM withdrawals, the guidelines describe withdrawals as all debit transactions. This includes money going out of the account in any form; either by cash withdrawal at ATMs, at branches or through electronic fund transfers or debit card uses. The RBI definition of withdrawal is so wide, it also includes standing instructions for money going out towards EMI payments. &lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://timesofindia.indiatimes.com/business/india-business/vague-rbi-guidelines-see-banks-cap-pms-jan-dhan-yojana-a/cs/articleshow/59432381.cms&quot;&gt;click here&lt;/a&gt; to read more. 
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MUMBAI: Crores of Pradhan Mantri Jan Dhan Yojana (PMJDY) account-holders risk either having their accounts frozen or having charges imposed if they exceed four debit transactions in a month. Vague wording of the Reserve Bank of India&#039;s...&#039;,
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&lt;br /&gt;
&lt;em&gt;MUMBAI: &lt;/em&gt;Crores of Pradhan Mantri Jan Dhan Yojana (PMJDY) account-holders risk either having their accounts frozen or having charges imposed if they exceed four debit transactions in a month. Vague wording of the Reserve Bank of India&#039;s guidelines on basic savings bank deposit accounts (BSBDA), which include PMJDY accounts, has led to banks conjuring up ways to cap free transactions.&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
The frailties in the BSBDA have been highlighted in a report by Ashish Das, professor at the Indian Institute of Technology, Bombay.&lt;br /&gt;
&lt;br /&gt;
The report shows how banks are freezing transactions, imposing minimum balance requirement or levying charges when a customer exceeds the prescribed four free withdrawals.&lt;br /&gt;
&lt;br /&gt;
State Bank of India, which has more than 9.9 crore PMJDY accounts, has chosen to freeze all debits once the free transaction limit are exhausted. A bank official said that customers can do more transactions by converting their accounts into regular savings accounts. Axis Bank is informing customers how the account will turn into a regular savings account when the limits are breached. ICICI Bank had earlier imposed charges but subsequently refunded them. HDFC Bank has said that transactions beyond four are chargeable.&lt;br /&gt;
&lt;br /&gt;
To complicate matters, instead of speaking about withdrawals or ATM withdrawals, the guidelines describe withdrawals as all debit transactions. This includes money going out of the account in any form; either by cash withdrawal at ATMs, at branches or through electronic fund transfers or debit card uses. The RBI definition of withdrawal is so wide, it also includes standing instructions for money going out towards EMI payments. &lt;br /&gt;
&lt;br /&gt;
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MUMBAI: Crores of Pradhan Mantri Jan Dhan Yojana (PMJDY) account-holders risk either having their accounts frozen or having charges imposed if they exceed four debit transactions in a month. Vague wording of the Reserve Bank of India&#039;s...&#039;
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Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
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MUMBAI: Crores of Pradhan Mantri Jan Dhan Yojana (PMJDY) account-holders risk either having their accounts frozen or having charges imposed if they exceed four debit transactions in a month. Vague wording of the Reserve Bank of India's..."/>
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                <div align="justify">-The Times of India<br /><br /><em>MUMBAI: </em>Crores of Pradhan Mantri Jan Dhan Yojana (PMJDY) account-holders risk either having their accounts frozen or having charges imposed if they exceed four debit transactions in a month. Vague wording of the Reserve Bank of India's guidelines on basic savings bank deposit accounts (BSBDA), which include PMJDY accounts, has led to banks conjuring up ways to cap free transactions.<br /><br />The norms applicable to PMJDY accounts are those that are prescribed for the BSBDA by the RBI. The BSBDA was earlier known as a 'no-frills' banking account&mdash; a service under which banks were to provide free basic banking facilities without any minimum balance requirement. Almost every bank today is violating the RBI's norms because of the unclear wording.<br /><br />The frailties in the BSBDA have been highlighted in a report by Ashish Das, professor at the Indian Institute of Technology, Bombay.<br /><br />The report shows how banks are freezing transactions, imposing minimum balance requirement or levying charges when a customer exceeds the prescribed four free withdrawals.<br /><br />State Bank of India, which has more than 9.9 crore PMJDY accounts, has chosen to freeze all debits once the free transaction limit are exhausted. A bank official said that customers can do more transactions by converting their accounts into regular savings accounts. Axis Bank is informing customers how the account will turn into a regular savings account when the limits are breached. ICICI Bank had earlier imposed charges but subsequently refunded them. HDFC Bank has said that transactions beyond four are chargeable.<br /><br />To complicate matters, instead of speaking about withdrawals or ATM withdrawals, the guidelines describe withdrawals as all debit transactions. This includes money going out of the account in any form; either by cash withdrawal at ATMs, at branches or through electronic fund transfers or debit card uses. The RBI definition of withdrawal is so wide, it also includes standing instructions for money going out towards EMI payments. <br /><br />Please <a href="http://timesofindia.indiatimes.com/business/india-business/vague-rbi-guidelines-see-banks-cap-pms-jan-dhan-yojana-a/cs/articleshow/59432381.cms" title="http://timesofindia.indiatimes.com/business/india-business/vague-rbi-guidelines-see-banks-cap-pms-jan-dhan-yojana-a/cs/articleshow/59432381.cms">click here</a> to read more. </div><div align="justify">&nbsp;</div>               </font>
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    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f09bb0d5a96-trace').style.display = (document.getElementById('cakeErr67f09bb0d5a96-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67f09bb0d5a96-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f09bb0d5a96-code').style.display = (document.getElementById('cakeErr67f09bb0d5a96-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f09bb0d5a96-context').style.display = (document.getElementById('cakeErr67f09bb0d5a96-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f09bb0d5a96-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
</span></span></code>
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</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
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-The Times of India&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;MUMBAI: &lt;/em&gt;Crores of Pradhan Mantri Jan Dhan Yojana (PMJDY) account-holders risk either having their accounts frozen or having charges imposed if they exceed four debit transactions in a month. Vague wording of the Reserve Bank of India&#039;s guidelines on basic savings bank deposit accounts (BSBDA), which include PMJDY accounts, has led to banks conjuring up ways to cap free transactions.&lt;br /&gt;
&lt;br /&gt;
The norms applicable to PMJDY accounts are those that are prescribed for the BSBDA by the RBI. The BSBDA was earlier known as a &#039;no-frills&#039; banking account&amp;mdash; a service under which banks were to provide free basic banking facilities without any minimum balance requirement. Almost every bank today is violating the RBI&#039;s norms because of the unclear wording.&lt;br /&gt;
&lt;br /&gt;
The frailties in the BSBDA have been highlighted in a report by Ashish Das, professor at the Indian Institute of Technology, Bombay.&lt;br /&gt;
&lt;br /&gt;
The report shows how banks are freezing transactions, imposing minimum balance requirement or levying charges when a customer exceeds the prescribed four free withdrawals.&lt;br /&gt;
&lt;br /&gt;
State Bank of India, which has more than 9.9 crore PMJDY accounts, has chosen to freeze all debits once the free transaction limit are exhausted. A bank official said that customers can do more transactions by converting their accounts into regular savings accounts. Axis Bank is informing customers how the account will turn into a regular savings account when the limits are breached. ICICI Bank had earlier imposed charges but subsequently refunded them. HDFC Bank has said that transactions beyond four are chargeable.&lt;br /&gt;
&lt;br /&gt;
To complicate matters, instead of speaking about withdrawals or ATM withdrawals, the guidelines describe withdrawals as all debit transactions. This includes money going out of the account in any form; either by cash withdrawal at ATMs, at branches or through electronic fund transfers or debit card uses. The RBI definition of withdrawal is so wide, it also includes standing instructions for money going out towards EMI payments. &lt;br /&gt;
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&lt;em&gt;MUMBAI: &lt;/em&gt;Crores of Pradhan Mantri Jan Dhan Yojana (PMJDY) account-holders risk either having their accounts frozen or having charges imposed if they exceed four debit transactions in a month. Vague wording of the Reserve Bank of India&#039;s guidelines on basic savings bank deposit accounts (BSBDA), which include PMJDY accounts, has led to banks conjuring up ways to cap free transactions.&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
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&lt;br /&gt;
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&lt;br /&gt;
State Bank of India, which has more than 9.9 crore PMJDY accounts, has chosen to freeze all debits once the free transaction limit are exhausted. A bank official said that customers can do more transactions by converting their accounts into regular savings accounts. Axis Bank is informing customers how the account will turn into a regular savings account when the limits are breached. ICICI Bank had earlier imposed charges but subsequently refunded them. HDFC Bank has said that transactions beyond four are chargeable.&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
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Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
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-The Times of India

MUMBAI: Crores of Pradhan Mantri Jan Dhan Yojana (PMJDY) account-holders risk either having their accounts frozen or having charges imposed if they exceed four debit transactions in a month. Vague wording of the Reserve Bank of India's..."/>
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                <strong>Vague RBI guidelines see banks cap PM&#039;s Jan Dhan Yojana accounts -Mayur Shetty</strong></h1>
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                <div align="justify">-The Times of India<br /><br /><em>MUMBAI: </em>Crores of Pradhan Mantri Jan Dhan Yojana (PMJDY) account-holders risk either having their accounts frozen or having charges imposed if they exceed four debit transactions in a month. Vague wording of the Reserve Bank of India's guidelines on basic savings bank deposit accounts (BSBDA), which include PMJDY accounts, has led to banks conjuring up ways to cap free transactions.<br /><br />The norms applicable to PMJDY accounts are those that are prescribed for the BSBDA by the RBI. The BSBDA was earlier known as a 'no-frills' banking account&mdash; a service under which banks were to provide free basic banking facilities without any minimum balance requirement. Almost every bank today is violating the RBI's norms because of the unclear wording.<br /><br />The frailties in the BSBDA have been highlighted in a report by Ashish Das, professor at the Indian Institute of Technology, Bombay.<br /><br />The report shows how banks are freezing transactions, imposing minimum balance requirement or levying charges when a customer exceeds the prescribed four free withdrawals.<br /><br />State Bank of India, which has more than 9.9 crore PMJDY accounts, has chosen to freeze all debits once the free transaction limit are exhausted. A bank official said that customers can do more transactions by converting their accounts into regular savings accounts. Axis Bank is informing customers how the account will turn into a regular savings account when the limits are breached. ICICI Bank had earlier imposed charges but subsequently refunded them. HDFC Bank has said that transactions beyond four are chargeable.<br /><br />To complicate matters, instead of speaking about withdrawals or ATM withdrawals, the guidelines describe withdrawals as all debit transactions. This includes money going out of the account in any form; either by cash withdrawal at ATMs, at branches or through electronic fund transfers or debit card uses. The RBI definition of withdrawal is so wide, it also includes standing instructions for money going out towards EMI payments. <br /><br />Please <a href="http://timesofindia.indiatimes.com/business/india-business/vague-rbi-guidelines-see-banks-cap-pms-jan-dhan-yojana-a/cs/articleshow/59432381.cms" title="http://timesofindia.indiatimes.com/business/india-business/vague-rbi-guidelines-see-banks-cap-pms-jan-dhan-yojana-a/cs/articleshow/59432381.cms">click here</a> to read more. </div><div align="justify">&nbsp;</div>               </font>
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-The Times of India&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;MUMBAI: &lt;/em&gt;Crores of Pradhan Mantri Jan Dhan Yojana (PMJDY) account-holders risk either having their accounts frozen or having charges imposed if they exceed four debit transactions in a month. Vague wording of the Reserve Bank of India&#039;s guidelines on basic savings bank deposit accounts (BSBDA), which include PMJDY accounts, has led to banks conjuring up ways to cap free transactions.&lt;br /&gt;
&lt;br /&gt;
The norms applicable to PMJDY accounts are those that are prescribed for the BSBDA by the RBI. The BSBDA was earlier known as a &#039;no-frills&#039; banking account&amp;mdash; a service under which banks were to provide free basic banking facilities without any minimum balance requirement. Almost every bank today is violating the RBI&#039;s norms because of the unclear wording.&lt;br /&gt;
&lt;br /&gt;
The frailties in the BSBDA have been highlighted in a report by Ashish Das, professor at the Indian Institute of Technology, Bombay.&lt;br /&gt;
&lt;br /&gt;
The report shows how banks are freezing transactions, imposing minimum balance requirement or levying charges when a customer exceeds the prescribed four free withdrawals.&lt;br /&gt;
&lt;br /&gt;
State Bank of India, which has more than 9.9 crore PMJDY accounts, has chosen to freeze all debits once the free transaction limit are exhausted. A bank official said that customers can do more transactions by converting their accounts into regular savings accounts. Axis Bank is informing customers how the account will turn into a regular savings account when the limits are breached. ICICI Bank had earlier imposed charges but subsequently refunded them. HDFC Bank has said that transactions beyond four are chargeable.&lt;br /&gt;
&lt;br /&gt;
To complicate matters, instead of speaking about withdrawals or ATM withdrawals, the guidelines describe withdrawals as all debit transactions. This includes money going out of the account in any form; either by cash withdrawal at ATMs, at branches or through electronic fund transfers or debit card uses. The RBI definition of withdrawal is so wide, it also includes standing instructions for money going out towards EMI payments. &lt;br /&gt;
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MUMBAI: Crores of Pradhan Mantri Jan Dhan Yojana (PMJDY) account-holders risk either having their accounts frozen or having charges imposed if they exceed four debit transactions in a month. Vague wording of the Reserve Bank of India&#039;s...&#039;,
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&lt;em&gt;MUMBAI: &lt;/em&gt;Crores of Pradhan Mantri Jan Dhan Yojana (PMJDY) account-holders risk either having their accounts frozen or having charges imposed if they exceed four debit transactions in a month. Vague wording of the Reserve Bank of India&#039;s guidelines on basic savings bank deposit accounts (BSBDA), which include PMJDY accounts, has led to banks conjuring up ways to cap free transactions.&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
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&lt;br /&gt;
The report shows how banks are freezing transactions, imposing minimum balance requirement or levying charges when a customer exceeds the prescribed four free withdrawals.&lt;br /&gt;
&lt;br /&gt;
State Bank of India, which has more than 9.9 crore PMJDY accounts, has chosen to freeze all debits once the free transaction limit are exhausted. A bank official said that customers can do more transactions by converting their accounts into regular savings accounts. Axis Bank is informing customers how the account will turn into a regular savings account when the limits are breached. ICICI Bank had earlier imposed charges but subsequently refunded them. HDFC Bank has said that transactions beyond four are chargeable.&lt;br /&gt;
&lt;br /&gt;
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-The Times of India

MUMBAI: Crores of Pradhan Mantri Jan Dhan Yojana (PMJDY) account-holders risk either having their accounts frozen or having charges imposed if they exceed four debit transactions in a month. Vague wording of the Reserve Bank of India&#039;s...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-The Times of India&lt;br /&gt;&lt;br /&gt;&lt;em&gt;MUMBAI: &lt;/em&gt;Crores of Pradhan Mantri Jan Dhan Yojana (PMJDY) account-holders risk either having their accounts frozen or having charges imposed if they exceed four debit transactions in a month. Vague wording of the Reserve Bank of India&#039;s guidelines on basic savings bank deposit accounts (BSBDA), which include PMJDY accounts, has led to banks conjuring up ways to cap free transactions.&lt;br /&gt;&lt;br /&gt;The norms applicable to PMJDY accounts are those that are prescribed for the BSBDA by the RBI. The BSBDA was earlier known as a &#039;no-frills&#039; banking account&amp;mdash; a service under which banks were to provide free basic banking facilities without any minimum balance requirement. Almost every bank today is violating the RBI&#039;s norms because of the unclear wording.&lt;br /&gt;&lt;br /&gt;The frailties in the BSBDA have been highlighted in a report by Ashish Das, professor at the Indian Institute of Technology, Bombay.&lt;br /&gt;&lt;br /&gt;The report shows how banks are freezing transactions, imposing minimum balance requirement or levying charges when a customer exceeds the prescribed four free withdrawals.&lt;br /&gt;&lt;br /&gt;State Bank of India, which has more than 9.9 crore PMJDY accounts, has chosen to freeze all debits once the free transaction limit are exhausted. A bank official said that customers can do more transactions by converting their accounts into regular savings accounts. Axis Bank is informing customers how the account will turn into a regular savings account when the limits are breached. ICICI Bank had earlier imposed charges but subsequently refunded them. HDFC Bank has said that transactions beyond four are chargeable.&lt;br /&gt;&lt;br /&gt;To complicate matters, instead of speaking about withdrawals or ATM withdrawals, the guidelines describe withdrawals as all debit transactions. This includes money going out of the account in any form; either by cash withdrawal at ATMs, at branches or through electronic fund transfers or debit card uses. The RBI definition of withdrawal is so wide, it also includes standing instructions for money going out towards EMI payments. &lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://timesofindia.indiatimes.com/business/india-business/vague-rbi-guidelines-see-banks-cap-pms-jan-dhan-yojana-a/cs/articleshow/59432381.cms&quot; title=&quot;http://timesofindia.indiatimes.com/business/india-business/vague-rbi-guidelines-see-banks-cap-pms-jan-dhan-yojana-a/cs/articleshow/59432381.cms&quot;&gt;click here&lt;/a&gt; to read more. &lt;/div&gt;&lt;div align=&quot;justify&quot;&gt;&amp;nbsp;&lt;/div&gt;&#039;
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-The Times of India

MUMBAI: Crores of Pradhan Mantri Jan Dhan Yojana (PMJDY) account-holders risk either having their accounts frozen or having charges imposed if they exceed four debit transactions in a month. Vague wording of the Reserve Bank of India's..."/>
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                <strong>Vague RBI guidelines see banks cap PM&#039;s Jan Dhan Yojana accounts -Mayur Shetty</strong></h1>
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                <div align="justify">-The Times of India<br /><br /><em>MUMBAI: </em>Crores of Pradhan Mantri Jan Dhan Yojana (PMJDY) account-holders risk either having their accounts frozen or having charges imposed if they exceed four debit transactions in a month. Vague wording of the Reserve Bank of India's guidelines on basic savings bank deposit accounts (BSBDA), which include PMJDY accounts, has led to banks conjuring up ways to cap free transactions.<br /><br />The norms applicable to PMJDY accounts are those that are prescribed for the BSBDA by the RBI. The BSBDA was earlier known as a 'no-frills' banking account&mdash; a service under which banks were to provide free basic banking facilities without any minimum balance requirement. Almost every bank today is violating the RBI's norms because of the unclear wording.<br /><br />The frailties in the BSBDA have been highlighted in a report by Ashish Das, professor at the Indian Institute of Technology, Bombay.<br /><br />The report shows how banks are freezing transactions, imposing minimum balance requirement or levying charges when a customer exceeds the prescribed four free withdrawals.<br /><br />State Bank of India, which has more than 9.9 crore PMJDY accounts, has chosen to freeze all debits once the free transaction limit are exhausted. A bank official said that customers can do more transactions by converting their accounts into regular savings accounts. Axis Bank is informing customers how the account will turn into a regular savings account when the limits are breached. ICICI Bank had earlier imposed charges but subsequently refunded them. HDFC Bank has said that transactions beyond four are chargeable.<br /><br />To complicate matters, instead of speaking about withdrawals or ATM withdrawals, the guidelines describe withdrawals as all debit transactions. This includes money going out of the account in any form; either by cash withdrawal at ATMs, at branches or through electronic fund transfers or debit card uses. The RBI definition of withdrawal is so wide, it also includes standing instructions for money going out towards EMI payments. <br /><br />Please <a href="http://timesofindia.indiatimes.com/business/india-business/vague-rbi-guidelines-see-banks-cap-pms-jan-dhan-yojana-a/cs/articleshow/59432381.cms" title="http://timesofindia.indiatimes.com/business/india-business/vague-rbi-guidelines-see-banks-cap-pms-jan-dhan-yojana-a/cs/articleshow/59432381.cms">click here</a> to read more. </div><div align="justify">&nbsp;</div>               </font>
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-The Times of India<br />
<br />
<em>MUMBAI: </em>Crores of Pradhan Mantri Jan Dhan Yojana (PMJDY) account-holders risk either having their accounts frozen or having charges imposed if they exceed four debit transactions in a month. Vague wording of the Reserve Bank of India's guidelines on basic savings bank deposit accounts (BSBDA), which include PMJDY accounts, has led to banks conjuring up ways to cap free transactions.<br />
<br />
The norms applicable to PMJDY accounts are those that are prescribed for the BSBDA by the RBI. The BSBDA was earlier known as a 'no-frills' banking account&mdash; a service under which banks were to provide free basic banking facilities without any minimum balance requirement. Almost every bank today is violating the RBI's norms because of the unclear wording.<br />
<br />
The frailties in the BSBDA have been highlighted in a report by Ashish Das, professor at the Indian Institute of Technology, Bombay.<br />
<br />
The report shows how banks are freezing transactions, imposing minimum balance requirement or levying charges when a customer exceeds the prescribed four free withdrawals.<br />
<br />
State Bank of India, which has more than 9.9 crore PMJDY accounts, has chosen to freeze all debits once the free transaction limit are exhausted. A bank official said that customers can do more transactions by converting their accounts into regular savings accounts. Axis Bank is informing customers how the account will turn into a regular savings account when the limits are breached. ICICI Bank had earlier imposed charges but subsequently refunded them. HDFC Bank has said that transactions beyond four are chargeable.<br />
<br />
To complicate matters, instead of speaking about withdrawals or ATM withdrawals, the guidelines describe withdrawals as all debit transactions. This includes money going out of the account in any form; either by cash withdrawal at ATMs, at branches or through electronic fund transfers or debit card uses. The RBI definition of withdrawal is so wide, it also includes standing instructions for money going out towards EMI payments. <br />
<br />
Please <a href="http://timesofindia.indiatimes.com/business/india-business/vague-rbi-guidelines-see-banks-cap-pms-jan-dhan-yojana-a/cs/articleshow/59432381.cms">click here</a> to read more. 
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-The Times of India<br />
<br />
<em>MUMBAI: </em>Crores of Pradhan Mantri Jan Dhan Yojana (PMJDY) account-holders risk either having their accounts frozen or having charges imposed if they exceed four debit transactions in a month. Vague wording of the Reserve Bank of India's guidelines on basic savings bank deposit accounts (BSBDA), which include PMJDY accounts, has led to banks conjuring up ways to cap free transactions.<br />
<br />
The norms applicable to PMJDY accounts are those that are prescribed for the BSBDA by the RBI. The BSBDA was earlier known as a 'no-frills' banking account&mdash; a service under which banks were to provide free basic banking facilities without any minimum balance requirement. Almost every bank today is violating the RBI's norms because of the unclear wording.<br />
<br />
The frailties in the BSBDA have been highlighted in a report by Ashish Das, professor at the Indian Institute of Technology, Bombay.<br />
<br />
The report shows how banks are freezing transactions, imposing minimum balance requirement or levying charges when a customer exceeds the prescribed four free withdrawals.<br />
<br />
State Bank of India, which has more than 9.9 crore PMJDY accounts, has chosen to freeze all debits once the free transaction limit are exhausted. A bank official said that customers can do more transactions by converting their accounts into regular savings accounts. Axis Bank is informing customers how the account will turn into a regular savings account when the limits are breached. ICICI Bank had earlier imposed charges but subsequently refunded them. HDFC Bank has said that transactions beyond four are chargeable.<br />
<br />
To complicate matters, instead of speaking about withdrawals or ATM withdrawals, the guidelines describe withdrawals as all debit transactions. This includes money going out of the account in any form; either by cash withdrawal at ATMs, at branches or through electronic fund transfers or debit card uses. The RBI definition of withdrawal is so wide, it also includes standing instructions for money going out towards EMI payments. <br />
<br />
Please <a href="http://timesofindia.indiatimes.com/business/india-business/vague-rbi-guidelines-see-banks-cap-pms-jan-dhan-yojana-a/cs/articleshow/59432381.cms">click here</a> to read more. 
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MUMBAI: Crores of Pradhan Mantri Jan Dhan Yojana (PMJDY) account-holders risk either having their accounts frozen or having charges imposed if they exceed four debit transactions in a month. Vague wording of the Reserve Bank of India's...'
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Vague RBI guidelines see banks cap PM's Jan Dhan Yojana accounts -Mayur Shetty

-The Times of India MUMBAI: Crores of Pradhan Mantri Jan Dhan Yojana (PMJDY) account-holders risk either having their accounts frozen or having charges imposed if they exceed four debit transactions in a month. Vague wording of the Reserve Bank of India's guidelines on basic savings bank deposit accounts (BSBDA), which include PMJDY accounts, has led to banks conjuring up ways to cap free transactions. The norms applicable to PMJDY accounts are those that are prescribed for the BSBDA by the RBI. The BSBDA was earlier known as a 'no-frills' banking account— a service under which banks were to provide free basic banking facilities without any minimum balance requirement. Almost every bank today is violating the RBI's norms because of the unclear wording. The frailties in the BSBDA have been highlighted in a report by Ashish Das, professor at the Indian Institute of Technology, Bombay. The report shows how banks are freezing transactions, imposing minimum balance requirement or levying charges when a customer exceeds the prescribed four free withdrawals. State Bank of India, which has more than 9.9 crore PMJDY accounts, has chosen to freeze all debits once the free transaction limit are exhausted. A bank official said that customers can do more transactions by converting their accounts into regular savings accounts. Axis Bank is informing customers how the account will turn into a regular savings account when the limits are breached. ICICI Bank had earlier imposed charges but subsequently refunded them. HDFC Bank has said that transactions beyond four are chargeable. To complicate matters, instead of speaking about withdrawals or ATM withdrawals, the guidelines describe withdrawals as all debit transactions. This includes money going out of the account in any form; either by cash withdrawal at ATMs, at branches or through electronic fund transfers or debit card uses. The RBI definition of withdrawal is so wide, it also includes standing instructions for money going out towards EMI payments. Please click here to read more.