Tag: RBI

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RBI increases ATM interchange fee from ₹15 to ₹17

On non-financial transactions, the fee was increased from ₹5 to ₹6. This revised rate will come into effect from August 1, 2021.

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RBI alert: No NEFT service for 14 hours on May 23 for SBI,...

NEFT service will not be available for 14 hours on May 23, the Reserve Bank of India said in a statement today (May 17).

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RBI declares loan moratorium to people, small debtors -...

The moratorium of up to two years will be available to individuals and small and medium enterprises that did not restructure their...

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RBI postpones auto debit rules till September 30, Know...

Services routed through net banking channels will not get affected. Only those involving third-party payments will have to comply...

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Digital rupee rollout may help curb bank frauds

Experts, however, caution that while digital currency will help bring down the number of fraudulent transactions, they cannot be eliminated...

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Fake notes of 50, 200 in circulation, RBI informs how to...

RBI is celebrating Financial Awareness Week and has informed how people can identify a fake currency note

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India May Have a New Central Bank Digital Currency, RBI...

The RBI's statement comes against the backdrop of private digital currencies, virtual currencies and cryptocurrencies gaining popularity...

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Old notes of Rs 100, 10 and 5 may go out of circulation...

The RBI is yet to issue an official statement on withdrawal of old currency notes of Rs 100, 10 and 5. However, several media reports...

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RBI launches Digital payments index to track transactions

The RBI-DPI comprises five broad parameters that enable measurement of deepening and penetration of digital payments in the country...

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Digital Payment Security Control Rules Incoming For UPI...

The Reserve Bank of India (Digital Payment Security Controls) Directions, 2020 will come at a time when digital transactions are at...

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Lenders to credit interest on interest to loan borrowers...

The Ministry of Finance has said that after crediting this amount, the lending institutions would claim reimbursement from the Central...

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Banks told to credit 'interest on interest' to borrowers,...

"I say..Ministry of Finance, Department of Financial Services in view of the unprecedented and extreme COVID-19 situation vide its...

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Banks to Charge For Deposits & Withdrawals From Nov 1

Tagging the report, Congress General Secretary Randeep Singh Surjewala attacked the Centre and called the latest move a “Kamar Tod...

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RBI set to change India's payments picture with new QR...

QR code-based payments, where you point your phone at a sticker and see a payment go through instantly, are thought of as the lowest...

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RBI extends covid-19 benefits for states by another six...

On 17 April, the central bank had increased the borrowing limit of all states and Union territories under the Way and Means Advances...

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RBI's 3 major rules for ATM card; follow these to prevent...

Know what those three rules are.

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Credit or Debit cards can be disabled for online transactions...

Starting from October 1, your debit and credit cards will be more secure All new debits and credit cards, including those which are...

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Loan restructuring to hit credit score eligibility

The Reserve Bank of India allowed a one-time restructuring of loans after the six months’ moratorium facility got over in August

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Govt introduces bill in Lok Sabha to bring cooperative...

Opposition members opposed the introduction of the Banking Regulation (Amendment) Bill, accusing the Centre of encroaching on the...

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RBI May Not Extend Moratorium on Repayment of Loans Beyond...

The RBI had announced a moratorium on repayment of debt for six months beginning March 1, 2020 to help businesses and individuals...

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