March is a month of mixed emotions. For many, it signals the end of winter, and the beginning of the beautiful spring season. However, for banks and financial institutions, March means the end of the financial year. With the annual closing of accounts scheduled for March 31, banks are required to complete all necessary work. In light of this, the Reserve Bank of India (RBI) … [Read more...] about RBI’s New Notice: Banks Must Keep Branches Open Till End of Financial Year
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How Will An Increase In Repo Rate By RBI Affect The Common Man?
The Reserve Bank of India (RBI) is the central banking institution of India and one of its main functions is to regulate the country's monetary policy. One of the tools that the RBI uses to influence the economy is the repo rate, which is the rate at which commercial banks can borrow money from the central bank. Whenever there is an announcement about the increase in … [Read more...] about How Will An Increase In Repo Rate By RBI Affect The Common Man?
Central Bank Digital Currency Is Launched For Retail Use On Dec 1 | FAQs And Official information!
Central Bank is launching Digital currency for retail use on December 1st, 2022 in India. To start with, the digital currency is rolled out via banks in selected, leading cities. Though this is a pilot launch, we can expect a regular launch pretty soon where digital currency will be available for everyone - in all cities, and via most banks. In today's video I share the … [Read more...] about Central Bank Digital Currency Is Launched For Retail Use On Dec 1 | FAQs And Official information!
Bank Locker New Rules Regarding Theft, Rent, Transparency And More | Must Know Rules In Tamil
Hiring a locker in a bank is a common practice. Due to theft or other safety issues, we often resort to a bank locker to keep our jewels, important documents and other (legal) belongings in a bank locker. There is a procedure to rent a locker in a particular bank and there is a fee. And, there are also a set of rules to be followed both by us, the customers as well as the … [Read more...] about Bank Locker New Rules Regarding Theft, Rent, Transparency And More | Must Know Rules In Tamil
Card Tokenisation Issues | What Challenges You Should Expect In Debit / Credit Card Transactions
Card tokenization is about to be rolled out soon. The process, though sounding straightforward on paper, is indeed somewhat complicated when implemented. Given the current situation, implementing card tokenization will pose various challenges that will affect both businesses and customers (us). In today's video I explain about those challenges and what you should be … [Read more...] about Card Tokenisation Issues | What Challenges You Should Expect In Debit / Credit Card Transactions