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Latest Banking News & Financial updates from around the web. Daily updates on Global Banking News, Financial Markets, Economy and News from the different banks.
Now after BHIM UPI , it’s time for all banks in India to enable all their bank accounts for Internet banking for online payment along with BHIM UPI apps transaction. The Union ministry of electronics and information technology has conveyed this message to all the Public sector, private sector and other banks along with RBI, […]
Good news for agriculturist, Reserve Bank of India has raised the ceiling of gold loans given by regional rural banks (RRB) to Rs 2 lakh from Rs 1 lakh. This will be expanding the access to credit for farmers and artisans willing to pledge gold as collateral for their personal needs. Read : How To Scan […]
Government of India has made Aadhaar Mandatory for all the transaction related to Government sponsored schemes, Pension funds floated by EPFO and Employee Provident Fund beneficiaries. Provision is made in such a way that individuals without Aadhaar cards will not be allowed to receive provident funds, irrespective of the fact that whether the individual works in […]
Recent time was very tough for country and bankers specifically due to demonetization of Rs 500 and Rs 1000 currency by Reserve bank of India on consultation of Government of India. Notes were exchanged through the counter of banks on limited days. This sudden announcement has made the bank branches full of rush due to […]
Indian Government has taken a lot of key decision including modification in existing guidelines drawn for demonetization of Rs 1000 and Rs 500 notes. The major decision which was taken by the government is to enhance the limit of withdrawal from current account to Rs 50,000 from existing Rs 20,000 per week. Government stated that […]
After Demonetization of higher denomination notes of Rs 1000 and Rs 500, people are having no choice other than exchanging the old series notes with new one. Due to limitation on withdrawal and long queue outside the bank and post offices, there are many who could not be able to withdraw the money for their […]
Reserve Bank of India (RBI) on instruction of Government of India has demonetize the Old Rs 1000 and Rs 500 currency and declare it illegal or no value if transact other than the banking channel or through post offices or selected utilities outlet including hospitals , petrol pump, court etc till certain date which is […]
How does your new Rs 500 bank note look alike ? RBI issues Rs 500 notes in a new series. The new RBI notes are different from the present series in many ways including colour, size, location of security features and design elements. Check out the main features of new Rs 500 notes Size of […]
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