The Reserve Bank of India (RBI) has issued guidelines mandating uniformity in interest rates on savings bank (SB) deposits to ensure transparency, fairness, and non-discrimination among depositors. These guidelines apply to all scheduled commercial banks, including public sector, private sector, and foreign banks operating in India. Uniform Rate up to ₹1 Lakh Banks must offer…
RBI has issued Amendment Directions on December 11, 2025 that overhaul the framework for opening and maintaining cash credit (CC), current accounts (CA) and overdraft (OD) accounts, notably freeing CC facilities from earlier operational restrictions and rationalising current/OD discipline around a ₹10 crore banking-system exposure threshold with a 10% lender-share rule. These amendments will apply…
For 2026, banks in Punjab will observe the following holidays under the Negotiable Instruments Act, 1881, as per Government of Punjab Notification No. 06/01/2025-2PP3/781. Note:Annual Accounts Closing holiday on 01.04.2026 (Wednesday) is restricted to Banks only and is not applicable to Government Offices. “NI Act” applicability for other holidays is derived from the State’s…