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Sunday, October 24, 2021


Tag: RBI

RBI’s Auto-Debit Rule: Customers will now be able to decide and fix the amount for recurring transactions.

From October 1 onwards, all kinds of recurring or repetitive payments, especially made through credit and debit cards and which are of value of ₹ 5,000...

Auto-Debit Rules starts from today: Here are five things that you should know about this new rule.

To bolster the safety and security of card transactions, the Reserve Bank of India (RBI) mandated new auto-debit rules kick in from Friday. RBI's...

RBI imposed ₹2 crore monetary penalty on RBL Bank Limited for deficiencies in regulatory compliance.

The Reserve Bank of India (RBI) on Monday imposed ₹2 crore monetary penalty on RBL Bank Limited for breaching deposit, board composition norms.  “This action is...

New Auto-Debit Rules: How your payments will change from October.

Those who use auto-debit facility to pay recurring bills or EMIs from their bank accounts may have to process some of these transactions manually...

Bank Holidays October 2021: Banks to remain closed for 21 days. Complete list here

According to the Reserve Bank of India's (RBI) list of official bank holidays for the month of October, banks will be closed for a...

Loan Transfer Rules: RBI issues a Master Direction on loan transfer.

The Reserve Bank of India (RBI) issued a Master Direction on loan transfer on Friday. This new mandate put into play the requirement of banks and other lending entities to...

DICGC released a list of 21 banks whose account holders will likely get up to Rs 5 lakh. Details Inside

Deposit Insurance and Credit Guarantee Corporation (DICGC) on September 21 announced it shall pay the depositors of the insured banks placed under the all-inclusive...

RBI warns of KYC fraud. Here’s what you should do.

The Reserve Bank of India (RBI) today cautioned people against frauds being conducted in the name of KYC updation. In a statement, the RBI said...

Only card firms, banks to keep card details, others must purge data: RBI

The Reserve Bank of India (RBI) on Tuesday refused to extend its deadline for card tokenisation beyond the agreed January 1, 2022 date, scrapping...

RBI imposed a monetary penalty on Axis Bank for violation of rules.

The Reserve Bank of India (RBI)  on 1 September of rupees twenty five lakh on Axis Bank for violation of rules, the central bank said...


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