Bank holidays 2023 under NI act: Andaman and Nicobar UT
The Administration of Andaman and Nicobar islands vide notification No. 110/2022/FNM/13/18/2022 dated 25.10.2022 declared the following days are declared for the year 2023 as public holidays under sec 25 of NI Act 1881. Sr.No Date Day Occasion/Festival Date 1 26.01.2023 Thursday REPUBLIC DAY 2 08.03.2023 Wednesday HOLI 3 30.03.2023 Thursday RAM NAVAMI * 01.04.2023 Saturday…
Read article
Bank holidays 2023 under NI Act: Assam State
The Government of Assam declared the following holidays for the year 2023 under section 25 of the NI Act 1881. These holidays are applicable exclusively to the banks located within the State of Assam administration [Ref: e.file.No. 221561/1 dated 28.11.2022] Sr.No Date Day Occasion/Festival Date 1 15.01.2023 Sunday MAGH BIHU 2 26.01.2023 Thursday REPUBLIC DAY…
Read article
Bank Holidays 2023: Jharkhand State
Calendar of Bank holidays 2023 in Jharkhand State under section 25 of NI act 1881 Sr.No Date Day Occasion/Festival Date 1 26.01.2023 Thursday REPUBLIC DAY 2 18.02.2023 Saturday MAHASHIVARATRI 3 07.03.2023 Tuesday HOLIKA DAHAN 4 08.03.2023 Thursday HOLI 5 30.03.2023 Thursday RAM NAVAMI * 01.04.2023 Saturday Banks’ Annual Closing of Accounts (This holiday is not…
Read article
Single Block Multiple Debits (SBMD) features for UPI payment announced
The Governor of the Reserve Bank of India (RBI) in his ‘Statement on Developmental and Regulatory Policies’ of December 7, 2022, announced special features like ‘Single-Block-and-Multiple-Debits (SBMD)’ within the UPI framework. Under the SBMD framework, once the UPI customer has given consent to block the money in their bank account, the merchant can make multiple…
Read article
The RBI policy rate REPO is now at its highest level since August 2018
The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) on Wednesday (December, 7) hiked the repo rate by 35 basis points (bps) to 6.25 percent with immediate effect, RBI Governor Shaktikanta Das announced. The RBI governor further announced that the MPC decided to remain focused on the withdrawal of accommodation and added that the…
Paperless home loans a reality soon
The Ministry of Electronics and Information Technology (MeitY) has made it possible to digitize mortgage and other property documents for several new types of loans, which will give a boost to the digitization of home loans. NESL provides a digital documentation execution service for banks that enables contracts to be made electronically. DDE is a…
Read article