International flight baggage rules vary by airline, but most follow similar standards for both checked and cabin baggage. Understanding these limits helps travellers avoid last-minute surprises at the airport. Checked Baggage• Weight and Size: The standard limit for a single checked bag is usually 23 kg (50 lbs), with total dimensions (length + width +…
Introduction When travelling abroad, it is essential for Indian residents to understand the foreign exchange limits and RBI guidelines on carrying cash and currency. Both India and the destination country impose restrictions on the amount of Indian and foreign currency that can be carried in cash. Knowing these currency carrying rules not only helps you…
Planning a trip to Nepal or Bhutan is always special for Indian travellers — two neighbouring countries blessed with natural beauty, cultural depth, and spiritual charm. The best part is that both destinations share deep historical and cultural ties with India, making travel smoother and more welcoming for Indian citizens. However, before you set out…
The Prime Minister’s Employment Generation Programme (PMEGP) is a credit-linked subsidy scheme that helps people start their own small businesses. It is managed by the Ministry of MSME and implemented by the Khadi and Village Industries Commission (KVIC) along with State Khadi Boards and District Industries Centres. The scheme aims to promote self-employment and create…
The Reserve Bank of India (RBI) has issued the draft Internal Ombudsman (IO) Directions, 2025, aiming to strengthen the in-house grievance redressal mechanism across banks, NBFCs, and other regulated entities. This move is part of RBI’s ongoing efforts to ensure faster, fairer, and more transparent complaint handling before cases reach the external ombudsman system. 🔍…
The Reserve Bank of India (RBI) has released the draft Reserve Bank – Ombudsman Scheme, 2025, aimed at improving customer grievance redressal and enhancing accountability among regulated entities such as banks, NBFCs, and payment system operators. 🔑 Key Highlights * Higher Compensation Limits: Customers can now receive compensation of up to **₹30 lakh for…
Traditionally, banking was unknown to present day concept of priority sector lending. The commercial banks in India used to provide security oriented finance to trade and industry. Big industrial houses and traders were beneficiaries of security oriented lending concept and a large chunk of bank finance was enjoyed by them. The National Credit Council in…
Moving Towards a More Risk-Sensitive Banking System, the Reserve Bank of India (RBI) has released two important draft directions to strengthen the prudential framework for credit risk assessment and provisioning in line with international best practices under the Basel III reforms. 1. Draft Directions on Capital Charge for Credit Risk – Standardised Approach (2025) Aligning…
Banks are required to extend financial services to all sections of society, including illiterate and visually impaired individuals, while ensuring operational safety and compliance with regulatory norms. The following guidelines outline the procedures and limitations applicable to the opening and operation of accounts by such customers. 1. Joint Accounts Between Two Illiterate Persons Ordinarily, banks…
“Trust Receipt” under the contract of pledge In “trust receipt” under the contract of pledge, the borrower gets his assets/goods released from the pledge, only on full payment of his dues which automatically terminates contract of pledge. However in case of Key cash Credit or Key Loan, if bank desire to release the assets/goods retained…
