Reserve Bank of India

New Credit/Debit Card Rules: Extension Granted For These Changes Till October, 2022 (Get Full Details) The Reserve Bank of India (RBI) has decided to provide a three-month extension after June 30, 2022 for certain provisions considering…

ICICI Bank Increases Interest On Fixed Deposits: Get Upto 6.5% Interest | Check Your Returns (Full List) Latest reports indicate that the Reserve Bank of India (RBI) has raised its key repo rate by 50 basis points last week. The move…

RBI Stops Govt, Private Banks From Terminating Current Accounts, New Rules Postponed Government’s regulatory body, the Reserve Bank of India (RBI) issued guidelines for the implementation of the circular on the opening of current…

Indian Banks Lost Rs 5 Lakh Crore In Frauds; SBI #1 In Frauds, PNB At #2 (Full List) As of March 31, 2021, the banks operating in India reported fraud of Rs 4.92 trillion. This nearly represents 4.5 percent of the total bank credit,…

Govt Will Reward Regular EMI Payments By Waiving Interest On EMIs Up To Rs 2 Crore The Govt is planning on waiving off the compound interest (on EMIs) of loans valued at up to Rs 2 crore for timely EMI payers. This reward…

1 Billion UPI Transactions Worth Rs 1.9 Trillion In 15 Days: UPI Grows 100% In 1 Year! According to the Reserve Bank of India’s (RBI’s) settlement data of select payment systems, Unified Payments Interface (UPI) crossed 1 billion…

Coronavirus Can Spread Via Currency Notes? RBI Is Not Denying This Possibility! As the COVID-19 pandemic is upon us, people have switched to digital transactions out of the fear that COVID-19 transmits through currency notes. Well,…

Click A Pic Before Giving A Cheque: Big Change In RBI Rules For Cheques In India The Reserve Bank of India (RBI) will introduce a 'positive pay system' for cheque transactions from January 1, 2021. Let us find out more…

Govt Banks Start Home Delivery Of Banking Services; Get Cash At Your Home! Amidst the COVID-19 pandemic in order to facilitate convenient banking, the Union Finance Minister Nirmala Sitharaman has rolled out a doorstep banking…

Open Axis Bank Account, Get Insurance Policy With Video KYC: How It Works? Insurance Regulatory and Development Authority (IRDAI) has permitted life as well as general insurers to use the Video-Based Identification Process (VBIP) for…