Tag: Reserve Bank of India

RBI allows credit cards to be linked with UPI platform
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RBI allows credit cards to be linked with UPI platform

June 8, 2022

New Delhi: With an aim to boost the UPI (United Payments Interface) platform and digital payments, the Reserve Bank of India (RBI) on Wednesday allowed the linking of credit cards to the UPI platform. It will begin with the Rupay credit cards, as they will be linked to the UPI platform. “This will provide additional…

Soon, currency notes may have watermarks of Tagore and Kalam
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Soon, currency notes may have watermarks of Tagore and Kalam

June 6, 2022

New Delhi: The Finance Ministry and the Reserve Bank of India (RBI) are reportedly considering using the watermark figures of Rabindranath Tagore and Dr. APJ Abdul Kalam on a new series of bank notes of some denominations. At present, the denominations of the notes that we use are of Mahatma Gandhi, the father of the…

ATM cash withdrawal charges to increase from Jan. 1, 2022
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ATM cash withdrawal charges to increase from Jan. 1, 2022

December 4, 2021

Five free transactions a month; later Rs. 21 will be deducted per transaction New Delhi: According to the latest announcement by Reserve Bank of India (RBI), the cash withdrawal charges on ATMs will be slightly heavier on the pockets of users if they surpass the monthly limit of free transactions on their debit or credit…

Auto debit facilities to stay; new RBI rule put off till Sept. 30
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Auto debit facilities to stay; new RBI rule put off till Sept. 30

April 1, 2021

New Delhi: In a reprieve for banks and millions of customers, auto debit facilities for payment of bills and subscriptions will stay in place for six more months. The Reserve Bank of India (RBI) has extended the deadline for a rule that would have caused disruptions from Apr. 1 (today). Recurring transactions will continue till…

Financial Literacy programmes held by various Banks
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Financial Literacy programmes held by various Banks

March 1, 2020

Mysore/Mysuru: As per the advice of Reserve Bank of India (RBI), all bank branches were expected to conduct programmes, with thrust on MSME (Ministry of Micro, Small and Medium Enterprises), during the  Financial Literacy Week from Feb. 10 to 15.  In this regard, Canara Bank taluk branches at Madapura and T. Narasipur; SBI’s of Talakadu…

Canara Bank conducts Financial Inclusion camp
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Canara Bank conducts Financial Inclusion camp

February 17, 2020

Mysore/Mysuru: Financial Inclusion and Education are two important elements in the Reserve Bank of India’s  (RBI’s) developmental role. As per RBI directives, Financial Literacy Week-2020 was observed from Feb.10 on the theme of “Micro, Small and Medium Enterprises (MSMEs)”.  The aim of this initiative was to create awareness about financial products and services, good financial…

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