Reserve Bank of India

Banks Will Not Open New Accounts For These Customers; RBI Enforces 'Discipline'? The Reserve Bank of India (RBI) has set some new conditions for the banks to opening current accounts for large borrowers with a view to enhance credit…

Cheques Will Become Fraud-Free, Super-Safe With Positive Pay Mechanism: How Will It Work? For making cheque payments safer, the Reserve Bank of India (RBI) has announced the introduction of ‘Positive Pay’ for all the cheques above…

Pay Rs 24 For Rs 5000 or Higher ATM Withdrawal; Extra Fees For Metros (Suggestions By Panel) As per the reports, a Reserve Bank of India panel, set up in June last year, recommended a population-based approach for fixing ATM interchange…

Your Debit/Credit Card Will Be Blocked From Today: What Are RBI's New Rules For Debit/Credit Cards? As per the reports, the new rules for debit and credit cards to increase security and reduce frauds kick in from Monday. Why…

Alert For Bank Customers: Deposits Only Upto Rs 1 Lakh Is Insured, In Case Your Bank Shuts Down! The current financial year, with the onset of the country’s first female Finance Minister, has seen a lot of revisions in the way banks and…

SBI Reduces Interest On Saving Account, Rs 30 Lakh Crore Of Deposits Will Be Impacted: 5 Facts You Should Know As we had previously informed you that the country’s largest lender State Bank of India, SBI had up with reformed service…

Banks Will Pay You Rs 100/Day For Failed Transactions; Turn Around Time Mandated To Maximum 5 Days! In a gigantic move serving to the best interest of customers, the Reserve Bank of India on Friday announced norms regarding a prescribed…

Reserve Bank of India or RBI is right now creating a mobile application, which will identify the currency notes, and even read out the details to the users. This app has been conceptualized for the visually challenged citizens of…

Good news for all those digital lending startups and mobile wallets that were struggling to comply with the customer verification banking guidelines, the government of India has allowed non-banking firms to verify customer data through…

In a major innovation related to card payments, which includes both debit and credit cards, Reserve Bank of India has allowed ‘Tokenisation’ of card payments. How will it stop frauds? And how does this work? Keep reading to find out…