(Updated on September 16, 2014) Q. No. 1: How many types of cards are available to a customer? Ans: Cards can be classified on the basis of their issuance, usage and payment by the card holder. There are three types of cards (a) debit cards (b) credit cards and (c) prepaid cards. Q. No. 2:… Read More »
Q1. What is RTGS System? Ans. The acronym ‘RTGS’ stands for Real Time Gross Settlement, which can be defined as the continuous (real-time) settlement of funds transfers individually on an order by order basis (without netting). ‘Real Time’ means the processing of instructions at the time they are received rather than at some later time;… Read More »
Online Consumer complaint Online Consumer complaint against Banks Deposits and banking Banking Ombudsman – https://www.rbi.org.in/commonman/English/Scripts/AgainstBank.aspx Consumer complaint against Non Banking Financial Companies (NBFC) To Company Law Board To Consumer Forum To Civil Courts Online Consumer complaint in Insurance related matters To insurance Regulatory and Development Authority :http://www.policyholder.gov.in/ Online Consumer complaint against companies mismanagement Annual report , Non receipt… Read More »
3.16 lakh applications were received by the Banks during the Second Tranche of Sovereign Gold Bonds for a total subscription of 2790 Kilograms of Gold amounting to Rs. 726 crore. During the second tranche of Sovereign Gold Bond (SGB) Scheme from 18th January, 2016 to 22nd January, 2016, as per initial figures, 3.16 lakh applications… Read More »
GOLD MONETIZATION SCHEME Assaying & Hallmark Centres Qualifying to act as CPTC (as on 20.01.2016) Click to View CPTC
Modifications in the Gold Monetisation Scheme Government had launched the Gold Monetisation Scheme (GMS) on 5th November, 2015. Thereafter a number of suggestions have been received to make the scheme easier for the customers to participate. Accordingly, in consultation with Government, RBI has issued a Master Direction on GMS on 21st January, 2016, which amends… Read More »
Extension of time-line upto 31st March, 2016 for Government Co-contribution under the Atal Pension Yojana (APY) To address the longevity risks among the workers in unorganised sector and to encourage the workers in unorganised sector to voluntarily save for their retirement, the Government had launched a new initiative called Atal Pension Yojana (APY) with effect… Read More »
Finance Minister Shri Arun Jaitley: Asks all the banks to make their best efforts to reach-out to potential investors to invest in the Second tranche of the Sovereign Gold Bonds which will be kept open from 18th January, 2016 to 22nd January, 2016 The Union Finance Minister Shri Arun Jaitley asked all the… Read More »
Reserve Bank of India RBI2015-16/290 IDMD.CDD.No.1573/14.04.050/2015-16 January 14, 2016 The Chairman& Managing Director All Scheduled Commercial Banks, (Excluding RRBs) Stock Holding Corporation of India Ltd.(SHCIL) Dear Sir/Madam, Sovereign Gold Bonds 2015-16 Government of India has vide its Notification F.No. 4(19)-W&M/2014 dated January 14, 2016 announced that the Sovereign Gold Bonds, 2016 (“the Bonds”) will be… Read More »
Government, in consultation with the Reserve Bank of India, decides to issue Second Tranche of Sovereign Gold Bonds Scheme 2016; Applications for the bonds to be accepted from 18th January to 22nd January, 2016; Bonds to be issued on February 8, 2016 and will be sold through banks, Stock Holding Corporation of India Limited (SHCIL)… Read More »