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…
New Delhi: From Jan. 1, 2021, your cheque of a larger amount of Rs 50,000 and above will bounce unless you intimate your bank in advance on drawing up such a cheque. The new system introduces a double check on the cheque transactions. The Reserve Bank of India (RBI) last week announced a new “Positive…
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…
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…
Customers can only use ATM facility New rules from March 16, 2020 New Delhi: In a bid to improve user convenience and increase the security of card transactions, the Reserve Bank of India (RBI) has asked all banks and card issuers across the country to disable online payment services of all those credit and debit…
Mysuru: Giving a call to graduating students to develop sensitivity towards the images that one comes across in one’s daily lives and analyse them through the lenses of financial inclusion and economic development in order to bring about societal transformation, Dr. Viral Acharya, Deputy Governor of Reserve Bank of India (RBI), drew comparisons between the…
Mysuru: The entire area of Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL), including the residential quarters for staff, situated in Metagalli will be declared as ‘prohibitory area’ and will be barred for general public. BRBNMPL is a subsidiary of Reserve Bank of India (RBI) which prints currency notes. The District Administration has written a…
New Delhi: The Reserve Bank of India (RBI) will shortly issue new bank notes of Rs.10 denomination. The new Rs.10 notes will be in the Mahatma Gandhi (New) Series, and will bear the signature of RBI Governor Dr. Urjit R. Patel, the Reserve Bank said in an official statement, on Friday (Jan.5). The new denomination…
New Delhi: The Reserve Bank of India (RBI) is likely to issue 200-rupee currency notes to Banks from tomorrow, according to the Finance Ministry sources. The move will help fill the vast demand for cash after the notes ban, which wiped out over 85 percent of the cash in circulation.
New Delhi: The Finance Ministry has opened a new one-month window for District Co-operative Banks, Commercial Banks and Post Offices to deposit demonetised Rs. 500 and Rs. 1,000 currency notes with the Reserve Bank of India (RBI), provided these notes were collected from customers within the specified time period. While Post Offices and Commercial Banks…
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