RBI Update – Introduction of beneficiary bank account name look-up facility for Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT) Systems
Banks which are participants of RTGS and NEFT Systems, shall make this facility available to
RBI Update – Reporting Platform for transactions undertaken to hedge price risk of gold
It has been decided to mandate reporting of transactions in gold derivatives undertaken by banks
RBI Update – Unified Payments Interface (UPI) access for Prepaid Payment Instruments (PPIs) through third-party applications
Currently, UPI payments from / to a bank account can be carried out using the
RBI Update – Credit Flow to Agriculture – Collateral free agricultural loans
It has been decided to raise the limit for collateral free agricultural loans including loans
RBI Update – Maintenance of Cash Reserve Ratio (CRR)
Banks are required to maintain the CRR at 4.25 per cent of their NDTL effective
RBI Update – Interest Rates on Foreign Currency (Non-resident) Accounts (Banks) [FCNR(B)] Deposits
It has been decided to increase the interest rates ceiling on fresh FCNR(B) deposits raised
RBI Update – Amendment to Framework for Facilitating Small Value Digital Payments in Offline Mode
RBI circular dated January 03, 2022 (updated as on August 24, 2023) which enabled small value
RBI Update – Inoperative Accounts / Unclaimed Deposits in banks
The banks are, advised to take necessary steps urgently to bring down the number of
RBI Update – Fully Accessible Route’ for Investment by Non-residents in Government Securities – Inclusion of Sovereign Green Bonds
The Government Securities that are eligible for investment under the FAR (‘specified securities’) were notified
RBI Update – Amendment to the Master Direction – Know Your Customer (KYC) Direction, 2016
The Master Direction on KYC has been amended to (a) align the instructions with the