Tag Archives: Reserve Bank Of India

[ad_1] This has been stated in a directive by RBI. Bank branches have been requested to remain open in order to process all government payments and receipts for the fiscal year 2023–2024. Banks all over India will have to keep their branches, dealing with government work, open on the last …

[ad_1] The RBI also asked agency banks to keep all their branches dealing with government business open on March 31 and give due publicity about the availability of the above banking services on this day. [ad_2] Source link

[ad_1] Credit cards offer a convenient means to manage finances and enhance financial well-being. By using credit cards responsibly, individuals can build a positive credit history and improve their financial habits. It’s important to use credit cards for expenses while ensuring timely repayment of debts to boost credit scores.The Reserve …

[ad_1] Para of MD Existing Provision Amended Provision 7(c) Card-issuers may issue business credit cards to business entities/individuals for business expenses. The business credit cards may also be issued as charge cards, corporate credit cards or by linking a credit facility such as overdraft/cash credit provided for business purpose as …

[ad_1] New KYC updation process soon? Banks are working on strengthening their KYC (Know Your Customer) standards by adding extra verification layers to identify accounts and account holders. This initiative is being discussed with the Reserve Bank of India (RBI) and the government. The plan includes updating all existing accounts, …

[ad_1] New Delhi: The Reserve Bank of India, today, February 29, 2024, announced updated rules to make bill payments easier. The newly launched move boosts participation and protects customers better. These rules, named ‘Reserve Bank of India (Bharat Bill Payment System) Directions, 2024,’ aim to modernize existing regulations due to significant …

[ad_1] New Delhi: India’s Paytm said on Monday Vijay Shekhar Sharma would step down as non-executive chairman and board member of its payments bank’s unit, as the embattled digital payments company overhauls its board after a central bank clampdown. The action against Paytm Payments Bank followed “serious supervisory concerns”, …

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[ad_1] RBI Governor Shaktikanta Das. (File Photo) At this juncture, monetary policy must remain vigilant and “not assume that our job on the inflation front is over”, says RBI Governor Shaktikanta Das, as per the minutes of the RBI MPC’s February meeting The Reserve Bank of India’s (RBI) job to …

[ad_1] Sovereign Gold Bonds: Investing in Sovereign Gold Bonds (SGBs) can be beneficial for individual investors seeking to protect their savings with gold. If the need arises to cash out prematurely, investors can do so without facing income tax on their gains. The premature redemption window opens for 21 days. …