Name Change after Marriage? RBI’s KYC Relaxation under PML Rules Explained
Background: PML Rules and Name Change The Prevention of Money-laundering (Maintenance of Records) Rules, 2005 define what constitutes an officially valid document (OVD) for KYC purposes. To ease difficulties faced by individuals whose names change after marriage or otherwise, the Government notified the Prevention of Money-laundering (Maintenance of Records) Third Amendment Rules, 2015 (G.S.R. 730(E)…
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Trend and Progress of Banking in India 2024-25: Key Highlights
The Reserve Bank of India (RBI) has released its annual publication, the Report on Trend and Progress of Banking in India 2024-25, under Section 36(2) of the Banking Regulation Act, 1949. This flagship report provides an extensive overview of the performance and resilience of India’s banking and financial system—covering scheduled commercial banks (SCBs), co-operative banks,…
Read articleState-wise and Union Territory-wise Bank Holidays in India – 2026
Bank holidays play a crucial role in the smooth functioning of banking operations, financial planning, and customer convenience. In India, bank holidays are notified under the provisions of the Negotiable Instruments Act, 1881, and vary across States and Union Territories depending on local festivals, regional observances, and government notifications. To help bankers, professionals, businesses, and…
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Ladakh UT- Bank Holidays 2026
The Administration of Union Territory of Ladakh, through notification No.530-LA(GAD)of 2025 dated 14.11.2025 declared Bank holidays to be observed throughout the UT of Ladakh during the calendar year 2026 under section 25 of negotiable instruments act 1881 Sr.No Date Day Occasion/Festival Date 1 26.01.2026 Monday REPUBLIC DAY 2 16.02.2026 Wednesday MELA DOSMOCHEY (Leh District &…
Read articleBank holidays 2026 in Lakshadweep UT
The following are the public (bank) holidays for Karnataka in 2026, declared under the explanation of Section 25 of the Negotiable Instruments Act, 1881. Sr.No Date Day Occasion/Festival Date 1 26.01.2026 Monday REPUBLIC DAY 2 15.02.2026 Sunday SHIVRATHRI 3 04.03.2026 Wenesday HOLI 4 21.03.2026 Saturday EID-AL-FITR 4 31.03.2026 Tuesday MAHAVIR JAYANTHI 5 01.04.2026 Wednesday ANNUAL CLOSING…
2026 Bank holidays in Dadra and Nagar Haveli and Daman and Diu
The UT administration of Dadra and Nagar Haveli and Daman and Diu through notificationNo.11/01/96-06/GA/Holiday/III/2024-25 dated 22.12.2025 declared following Bank Holidays u/s 25 of Negotiable Instrument Act 1881 for the year 2026. Date Day Holiday 26.01.2026 Monday REPUBLIC DAY 04.03.2026 Wednesday HOLI 01.04.2026 Wednesday ANNUAL CLOSING OF ACCOUNT (This holiday is applicable only to Commercial Banks)…
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