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Simple Steps to check Rs 500 Fake Note & verify whether it is real or not before accepting. The Reserve Bank of India (RBI) has issued the specific guidelines to verify and check the genuineness of the Rs 500 notes. Check out the Simple Features to verify the Fake Rs 500 Note See-through register with […]
What does moratorium on loan mean ? Moratorium period refers to the period of time during which you do not have to pay an EMI on the loan taken. This period is also known as EMI holiday. Usually, such breaks are offered to help individuals facing temporary financial difficulties to plan their finances better. In […]
The Reserve Bank of India has decided to scrap charges levied on digital transactions through Real-Time Gross Settlement system, or RTGS, and National Electronic Funds Transfer, NEFT, in an effort to boost the “digital funds movement”. RBI has also advised banks to pass these benefits to their customers. The instructions to banks in this regard […]
RBI has decided to pay Rs 28,000 Crore as interim surplus to Government of India for the half-year ended December 2018. This is the second successive year that the RBI will be transferring an interim surplus. The total receipts from the RBI as surplus transfer to Government in 2018-19 to ₹68,000 crore. Reserve Bank of India […]
RBI refunds rules for eWallets – Reserve Bank of India (RBI) has set up a new guidelines for unauthorized or fraudulent transactions take place on mobile wallets like Paytm, PhonePe or other Prepaid Payment Instrument (PPI). RBI has introduced rules to bring in more clarity. The new rules are aimed to protect consumers in case […]
Reserve Bank of India (RBI) has announced to implement new exclusive Banking Ombudsman for Digital Transactions. In recent time multiple issues such as failed transactions or funds sent to the wrong address have forced RBI to announce the separate Banking Ombudsman for Digital Transactions. RBI’s ‘Statement on Developmental and Regulatory Policies’ has announced setting up […]
CBI issued Look out Notice against Former Deputy Governor of RBI – Former deputy governor of Reserve Bank of India KC Chakrabarty was stopped from travelling to London in the month of May at the Mumbai airport due to reason, the Central Bureau of Investigation (CBI) had issued a Look Out Circular (LOC) against him. […]
Reserve Bank of India (RBI) has granted permission to Bank of China to operate and open branches in India. It is said that the RBI has issued licence to Bank of China to set up its first branch in India. It was a commitment made by the prime minister to the President of China. Bank […]
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