DA chart for bank sub-staff for the Q May-July 2026
The Dearness Allowance (DA) payable to bank employees for the quarter May to July 2026 has been arrived at based on the movement in the **All India Consumer Price Index for Industrial Workers (CPI-IW). For the reference months January 2026, February 2026, and March 2026, the CPI-IW (General) indices stood at 148.60, 148.50, and 149.10…
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E-Mandate Framework for Digital Payments: RBI’s Key Guidelines
The Reserve Bank of India (RBI) has issued updated directions under the E-mandate framework for digital payments, aimed at strengthening the safety, transparency, and customer control over recurring transactions. These provisions apply to all Payment System Providers (PSPs) and participants processing recurring payments—both domestic and cross-border—through instruments such as cards, prepaid payment instruments (PPIs), and…
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RBI Unveils Capital Adequacy reform, IFR Removal, and Market Deepening Measures
In its Press Release dated April 8, 2026, the Reserve Bank of India (RBI) outlined a series of significant developmental and regulatory policy measures aimed at enhancing efficiency, reducing compliance burdens, and strengthening the financial ecosystem. Below is a structured overview of the key announcements: I. Banking Regulation 1. Relaxation in CRAR Computation Norms The…
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RBI Holds Repo rates Steady
The Monetary Policy Committee (MPC) met on April 6, 7, and 8 to deliberate on the policy repo rate. After a detailed assessment of evolving macroeconomic and financial conditions, as well as the broader outlook, the MPC unanimously decided to keep the policy repo rate under the Liquidity Adjustment Facility (LAF) unchanged at 5.25%. Accordingly,…
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India’s Cash Transaction Rules: Key Changes from April 2026
India has further reinforced its regulatory framework governing cash-based transactions with effect from 1 April 2026. This evolving regime expands the practical scope of existing provisions under the Income-tax Act, 1961, while strengthening the reporting and monitoring responsibilities of banks and financial institutions. For a banking-focused audience, the framework represents a convergence of tax law…
Small Savings Schemes Interest Rates for July-September 2026
The government of India today announced that the interest rates on small savings schemes, including PPF, SSY, NSC, and post office deposits, will remain unchanged for the Second Quarter of FY 2026-27 (from July 1, 2026 to September 30, 2026), according to a Finance ministry notification. The rate of Interest chart: Scheme Interest rate for…
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