RBI

NEFT, RTGS charges removed RBI Governor Shaktikanta Das headed the crucial Monetary Policy Committee (MPC) review today, and made some big changes to the existing financial policies of India. These changes will have a big impact on…

RBI Committee Gives Suggestions For Increase in Digital Payment RBI formed a panel whose profile was to suggest changes in the system that will help enhance the overall situation of digital transactions in India. This panel, headed by…

Under the second tenure of Modi government, reforms have been introduced to curb tax evasion using data analytics. This is the first time since the launch of GST on July 1, 2017 that the Centre has started to match income tax returns…

Is Paytm Postpaid Wallet Ilegal? As though Paytm hasn’t had enough, there is yet another problem now surfacing the digital payments company. There has been a Public Interest Litigation (PIL) filed on Paytm by financial economist Abhijit…

There has been a lot of unrest and a state of confusion enveloping the ongoing debate on using Aadhar card for Know Your Customer (KYC) process verifications. Finally, a temporary relief can be pertained by the online payment…

RTGS rule changed Reserve Bank of India has introduced some sweeping changes to the RTGS or Real-time gross settlement transactions. A premium fee of Rs 5 has been introduced, even as the time period for RTGS has been extended. …

We recently brought you news about the first Public Sector Bank (PSB) consolidation of Vijaya Bank and Dena Bank with Bank of Baroda, effective on April 1, 2019, anticipating that there will allegedly be more mergers this year.…

With the commotion going on in financial sector regarding the step-up of digitization and reduction in carrying actual cash, the Reserve Bank of India has released its statement on the Vision document for the 'Payment and Settlement…

US warns India India’s ‘Make in India’ reform, designed to benefit the producers and suppliers of the Indian soil, has been repeatedly modified, creating thorny issues in trade relations between India and the US. Addressing the same…

Starting April 29th, all debit cards in the country, which doesn’t have the EMV chip, will stop working. Hence, non-EMV Chip-based debit cards cannot be used for withdrawing cash now, and literally, they will be useless. What is the…