Transaction Limit in UPI enhanced to Rs 5 lakh for specified categories.
In the Statement on Developmental and Regulatory Policies on December 8, 2021, the Reserve Bank of India announced an increase in the UPI Transaction Limit for Specified Categories.The statement said that the ‘Reserve Bank has been making efforts to facilitate greater participation of retail customers in financial markets, e.g. investment in the G-secs segment through…
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RBI keeps Repo Rate unchanged at 4% for the 9th consecutive time
In today’s (08.12.2021) MPC meeting, the Reserve Bank of India decided to maintain the policy repo rate under the liquidity adjustment facility (LAF) on hold at 4.0 percent. The Monetary Policy Committee of the Reserve Bank of India has also decided to maintain the status quo on all other key policy rates. RBI had…
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2022 Bank holidays in Maharashtra, Gujarat, and Goa declared under section 25 of NI acts
This post provides holiday lists declared by the states of Gujarat, Maharashtra, and Goa under explanation to section 25 of negotiable instrument acts 1881. Note: The holidays declared under NI acts are meant for financial institutions and not for factories and other establishments.] The holiday declared under NI Act is applicable exclusively to the banks…
Read articleBank Holidays 2022 under NI act: Maharashtra State
The Government of Maharashtra declared the following days as holidays for the year 2022 under section 25 of NI Act (Negotiable Instrument Act) 1881. Sr.No Date Day Occasion/Festival Date 1 26.01.2022 Wednesday REPUBLIC DAY 2 19.02.2022 Saturday CHATRAPATI SHIVAJI MAHARAJ JAYANTI 3 01.03.2022 Tuesday MAHASHIVARATRI 4 18.03.2022 Friday HOLI 2nd Day * 01.04.2022 Friday Annual…
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2022 Bank holidays in the following 5 states of South India
This post provides holiday lists declared by states of Andhra Pradesh, Karnataka, Kerala, Tamilnadu, and Telangana under explanation to section 25 of negotiable instrument acts 1881. The holidays declared under NI acts are meant for financial institutions and not for factories and other establishments. The holiday declared under NI Act is applicable exclusively to the…
Bank holidays 2022 under NI acts: Andhra Pradesh State
The Government of Andhra Pradesh declared the following days as public holidays for the year 2022 under section 25 of NI Act (Negotiable Instrument Act) 1881. Sr.No. Date Day Occasion/Festival 1 15.01.2022 Saturday SANKRANTI/PONGAL 2 26.01.2022 Wednesday REPUBLIC DAY 3 01.03.2022 Tuesday MAHASHIVARATRI 4 01.04.2022 Friday Annual closing of bank accounts (Holiday applicable only to…
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