Free notes, textbooks, and exam-focused resources designed for Indian banking professionals.
The Reserve Bank of India (RBI) today Feb 8, 2017 (Wednesday) announced that all restrictions on cash withdrawal from savings bank account will be removed in two phases.In the first…
The foreign nationals employed in India can maintain accounts in their names in the form of SB, Current Account, and Term deposit. However, foreign companies are allowed to open and…
Foreign nationals visiting India on student visas (including those coming to India for the study of Yoga, Vedic Culture, Indian System of Dance and Music) are allowed to open a…
Foreigners who are on a short trip to India on a tourist Visa may open their bank account in India. They are facilitated to open an SB or Current account…
The foreign nationals employed in India are permitted to open and maintain domestic (Resident Rupee Accounts) accounts like SB, Current Account, or Term Deposits with the authorized dealer banks in…
The Reserve Bank of India cautioned the general public that users or traders of virtual currencies are doing so at their own risk. RBI in its press release today said…
RBI today announced that the limits placed on cash withdrawal from current accounts/cash credit accounts/overdraft accounts stand withdrawn with immediate effect.The limits on Savings Bank accounts will continue at present…
RBI in its circular no, RBI/2016-17/213/DCM (Plg) No.2559/10.27.00/2016-17 dated January 16, 2017, announced that; The withdrawal limits of cash from ATMs is increased to Rs 10000/- per day per card…
Equity-Linked Savings Scheme (ELSS) funds are the most preferred tax saving instruments in the current year. The investment in the scheme offers you income tax rebate u/s 80 (C )…
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