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Daily Archives: September 7, 2018

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Amendments to Reserve Bank of India (Note Refund) Rules, 2009

Bank News, Reserve Bank Functions and newsBy Surendra NaikSeptember 7, 2018

The Central Government has made amendments to the Reserve Bank of India (Note Refund) Rules, 2009. The amended rules called “the Reserve Bank of India (Note Refund) Amendment Rules, 2018” are effective from Gazette notification date September 6, 2018. The amendment to rules would help the public to exchange mutilated notes in Mahatma Gandhi (New)…

Several banks are fronting penalties for missing daily ‘Aadhaar’ enrollment targets

Bank NewsBy Surendra NaikSeptember 7, 2018

In terms of UIDAI notification dated On June 1,2018 all the bank branches with Aadhaar facility will have to ensure at least eight enrolments or updations daily in each branch from July 1 and 12 per day per branch from October 1, and up to 16 from January 1, 2019 onwards.  However, the deadline for…

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