Reliance ties up with Google, Facebook for national digital payment network

Last year, India's central bank invited companies to forge new umbrella entities (NUEs) to create a payments network that would rival the system operated by the National Payments Council of India (NPCI), as it seeks to reduce concentration risks in the space. 

Feb 27, 2021, 18:00 PM IST

Yet another bank on RBI restriction, depositors can’t withdraw more than Rs 50,000 of total balance across all accounts

Considering the bank's present liquidity position, a sum not exceeding Rs 50,000 of the total balance across all savings bank or current accounts or any other account of a depositor, may be allowed to be withdrawn, but bank is allowed to set off loans against deposits subject to the conditions stated in the above RBI Directions.

Feb 26, 2021, 17:12 PM IST

RBI Recruitment 2021: Vacancy for 53 posts, check salary and other details at rbi.org.in

A total of 53 posts are to be filled through this recruitment process. Interested and eligible candidates can apply via official website rbi.org.in. The application process for these posts is starting from February 23 and will continue till March 10, 2021. 

Feb 20, 2021, 11:43 AM IST

Reserve Bank of India's rap video warning against banking frauds is the coolest thing you will watch today --Here's the video

"A little caution takes care of a lot of trouble. Never respond to requests to share PIN, OTP or bank account details. Block your card if stolen, lost or compromised," Reserve Bank of India (RBI) has tweeted.

RBI has been conducting Financial Literacy Week (FLW) every year since 2016 to propagate financial education messages on a particular theme across the country.


Feb 19, 2021, 12:33 PM IST

THIS bank's customers can't withdraw money for 6 months after RBI restrictions

The Reserve Bank also added that it may consider modifications of the directions depending upon circumstances. The issue of the above Directions by the RBI should not per se be construed as cancellation of banking license by RBI. The bank will continue to undertake banking business with restrictions till its financial position improves. 

Feb 12, 2021, 11:55 AM IST

Good news for Canara Bank customers! Interest rates on loans reduced, check new interest rates here

The move comes two days after the RBI kept its key interest rates paused in its bi-monthly monetary policy. The central bank announcing the outcome of its bi-monthly Monetary Policy rates on February 5 said that it has decided to keep the repo rate unchanged at 4 percent and the reverse repo rate at 3.35 percent.

Feb 08, 2021, 17:02 PM IST

Worried about soiled currency notes? Know how and where to exchange it free of cost

A soiled currency note means a note which has become dirty due to normal wear and tear. This also includes a two piece note pasted together wherein both the pieces presented belong to the same note and form the entire note with no essential feature missing. These notes should be accepted over bank counters in payment of government dues and for credit to accounts of the public maintained with banks.

Feb 03, 2021, 17:54 PM IST

Union Budget 2021: Here’s your chance to buy gold at great prices today; invest in this scheme

The value of the bond is based on the simple average closing price published by India Bullion and Jewellers Association Ltd (IBJA) for gold of 999 purity of the last three business days of the week preceding the subscription period (January 27-29, 2020). 

Feb 01, 2021, 14:21 PM IST

Here's your chance to buy gold cheaper than market price; this govt scheme opens tomorrow

Sovereign Gold Bond Scheme 2020-21 - Series XI will be open for subscription from February 01 to February 05, 2021."The nominal value of the bond...Works out to Rs 4,912," the RBI said. 

Here’s all you need to know about your eligibility, how to apply for the Sovereign Gold Bond Scheme.

Jan 31, 2021, 15:28 PM IST

India mulls ban on cryptocurrency with new law; check details

The government is planning to introduce a law which will seek to prohibit the private cryptocurrencies in India and create a facilitative framework for an official digital currency issued by the Reserve Bank of India. The legislative is listed for debate in the ongoing parliamentary session.

Jan 30, 2021, 23:59 PM IST

Fact Check: Will old notes of Rs 100, 10 and 5 go out of circulation after March? This is what RBI has to say

Correction: The RBI has denied reports that claimed that the bank is considering withdrawing old currency notes of Rs 100, 10 and 5 and stopping its circulation after March-April this year. An RBI official said that there's no truth to such reports. 

Jan 23, 2021, 14:57 PM IST

Need to support economic revival, financial stability: RBI Governor Shaktikanta Das

RBI Governor Shaktikanta Das on Saturday said the financial stability is a public good, and its resilience and robustness need to be preserved and nurtured by all stakeholders.

Jan 16, 2021, 14:52 PM IST

Sovereign Gold Bond Scheme 2020-21 series X: Last day to buy gold at great prices today

The Sovereign Gold Bond Scheme 2020-21 series X, which opened for subscription on Monday (January 11, 2020), closes today (Friday, January 15).

Jan 15, 2021, 15:32 PM IST

RBI cancels licence of yet another bank: Do you have account in this bank? Know what happens to your money

RBI has said that more than 99 percent of the depositors of the bank will get full repayment of their deposits from DICGC.

Jan 12, 2021, 14:01 PM IST

Sovereign Gold Bond Scheme 2020-21 series X: Here's your chance to buy gold at great prices today

The Sovereign Gold Bond Scheme 2020-21 series X opened for subscription on Monday (January 11, 2020), and closes on Friday (January 15, 2021).

Jan 11, 2021, 09:52 AM IST

Positive pay system for cheque kick in from January 1: Know what it is and what the benefits are

While availing of this facility is at the discretion of the account holder, banks may consider making it mandatory in case of cheques for amounts of Rs 5 lakh and above.

Jan 01, 2021, 18:26 PM IST

SBI introducing Positive Pay System from January 1: Know what it is and how it make Cheque payment secure

The concept of Positive Pay involves a process of reconfirming key details of large value cheques.

Dec 30, 2020, 12:33 PM IST

Do you have a secured credit card or an unsecured one?

One must not confuse it with the name given to the credit card.

Dec 28, 2020, 12:34 PM IST

Sovereign Gold Bond Scheme 2020-21 series IX: Here's your chance to buy gold at great prices today

The tenor of the Bond will be for a period of 8 years with exit option after 5th year to be exercised on the interest payment dates.

Dec 28, 2020, 10:16 AM IST