State Bank of India, according to a source, has also been asked to reconsider charges it proposes to levy on cash transactions and ATM withdrawals over specified limits.
The monthly average balance (MAB) requirement has been increased to as high as Rs 5,000 for branches in six metros.
One of the proposals is to issue shares equivalent to a certain percentage of banks' net profit to employees which is being examined.
The merger process of the associates banks -- State Bank of Bikaner and Jaipur (SBBJ), State Bank of Mysore (SBM), State Bank of Travancore (SBT), State Bank of Patiala (SBP) and State Bank of Hyderabad (SBH) -- will take effect from April 1.
Making maintenance of Rs 5,000 mandatory for accounts in metropolitan areas, Rs 3,000 in urban areas, Rs 2,000 in semi-urban areas and Rs 1,000 in rural areas, the SBI listed out the charges to be effective from April 1.
Savings and salary account customers of HDFC Bank will now have four free cash transactions (which include both cash deposit and withdrawal) per month.
Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile application. The USSD service for fund transfer works without internet.
BRBNMPL stopped printing the old Rs 500 note on October 27 while the printing of the Rs 1,000 note ceased earlier, on July 28 last year, the reply said.
HDFC Bank after December 30, 2016 reintroduced charges on cash transactions at bank branches after the deadline to deposit old currency notes ended.
Saving and salary account customers of HDFC Bank will now have only four free cash transactions (which includes both cash deposit and cash withdrawal) per month.
Axis, ICICI Bank to charge Rs 5 per per thousand rupees for cash transactions after 4 Free in a month.
"Certain accounts are in the pipeline, may be assets around Rs 1800 crore, and these will be put on the block during the current fiscal," PNB Managing Director Usha Ananthasubramanian told PTI.
The government has asked all banks to provide mobile banking facility to all customers by March 31 in a bid to push digital transactions.
Services like cash deposits and withdrawal from branches and cheque clearances have been hit hard by the strike, which has been called under the aegis of the United Forum of Bank Unions (UFBU).
The strike covers employees and officers in all public sector banks, including State Bank of India, all old-generation private banks, foreign banks, regional rural banks and cooperative banks.
The functioning of private banks like ICICI, HDFC, Axis and Kotak Mahindra is expected to be normal except for delays in cheque clearance
The Reserve Bank of India (RBI) was asked to give the copy of the letter sent to it by the ministry on the recommendation of its Inter Departmental Group (IDG) regarding Islamic banking.
As per PF rules, 12% of an employee's salary goes into the fund along with a matching contribution from the employer.