RBI eases norms for online card transactions upto Rs.2000

RBI has relaxed norms for making online transactions through Cards. So you are not required to authenticate your transaction on uber/…

7 years ago

How to send money using *99# (USSD)

After the announcement of demonetization by PM Modi, need for going cashless and digital has increased. Today, there are various…

6 years ago

RBI increases CRR temporarily

With the withdrawal of the legal tender status of ₹ 500 and ₹ 1,000 denomination bank notes (Specified Bank Notes…

7 years ago

SBI and PNB may move out from 11th Bipartite Settlement

According to media reports, State Bank of India and Punjab National Bank are exploring possibilities to move out from 11th…

7 years ago

Micro Units – where to cover? CGTMSE or CGFMU

Guarantee cover for manufacturing and service Mudra Units is available under CGFMU as well as CGTMSE eligible. So, from where…

6 years ago

CRR, SLR, Bank Rate, Repo Rate etc.

Bank Rate Rate at which RBI lends to commercial banks. This tool is used by central bank for short-term purposes. Increase…

7 years ago

Study Material for Bank Promotion Test – RBI Act

Reserve Bank of India Act, 1934  Reserve Bank of India Established RBI on 01.04.1935 Nationalized on 01.01.1949 Paid up capital –…

7 years ago

Law of Limitation in Banking

Limitation period for recovery of Debt in India is governed by the Limitation Act, 1963. The Limitation Act, 1963 specifies…

6 years ago

RBI FAQs on withdrawal of Rs500 and Rs.1000 notes

1. Why is this scheme? The incidence of fake Indian currency notes in higher denomination has increased. For ordinary persons,…

7 years ago

Difference between Consortium Banking and Multiple Banking

Difference between Consortium Banking and Multiple Banking is explained in this article What is Consortium Banking or lending under Consortium…

6 years ago