Free notes, textbooks, and exam-focused resources designed for Indian banking professionals.
On Friday (10.01.2020), RBI notified that the instructions on the processing of e-mandate on cards for recurring transactions to cover Unified Payments Interface (UPI) transactions as well. During August 2019,…
Major Amendments made to KYC Master Direction. In the Gazette Notification G.S.R. 582(E) dated August 19, 2019, and G.S.R. 840(E) dated November 13, 2019, the Government of India has notified…
The Reserve Bank of India added the following section to Part C (Inter-Bank Foreign Exchange Dealings) of the Master Direction- Risk Management and Inter-Bank Dealings. “Transactions with person residents outside…
As per RBI’s latest notification IBUs (IFSC Banking Units) cannot open SB account. IBUs are also prohibited from undertaking cash transactions. They can open foreign currency current accounts (including escrow…
“MANI” a mobile application is useful for aiding visually impaired persons to identify the denomination of Indian Bank Notes. The Indian banknotes are printed with several features which enable the…
Bank holidays in India are declared to be public holidays under explanation to section 25 of the Negotiable Instrument Act (NI Act) 1881. The holiday declared under NI Act is…
To bring cooperative banks closer to the reporting standards of commercial banks, the RBI on December 27, 2019, mandated Urban Co-operative Banks to report credit information, including classification of an…
RBI vide notification dated December 24, 2019, permitted all the Prepaid Payment Instrument Issuers to introduce a new type of semi-closed PPIs. These cards can be used only for the…
The Government of West Bengal declared the following days to be public holidays during the year 2020 under section 25 of NI Act 1881. Sr. No Date Day Occasion/Festival Date…
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