RBI/2014-15/327 DPSS.CO.PD. No. 940 /02.27.020/2014-2015 November 28, 2014 Implementation of Bharat Bill Payment System (BBPS) – Guidelines Introduction 1. Bill payment is a major component of the retail payment transactions. The Committee to study the Feasibility of Implementation of GIRO based Payment Systems (Chairman: Shri G. Padmanabhan, Executive Director, RBI) (2013) had estimated that over… Read More »
PRESS INFORMATION BUREAU Government of India ***** Another Milestone achieved under Pradhan Mantri Jan Dhan Yojana (PMJDY) – Deposits in accounts now exceed Rs.25,000 crore; accounts having balances in them now exceed 60% New Delhi, October 13, 2015 Asvina 21, 1937 Deposits in accounts opened under the Pradhan Mantri Jan Dhan Yojana (PMJDY) have now… Read More »
1. What is Sovereign Gold Bond (SGB)? Who is the issuer? SGBs are government securities denominated in grams of gold. They are substitutes for holding physical gold. Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity. The Bond is issued by Reserve Bank on behalf… Read More »
Investor Rights & Obligations Investor’s Rights Investor’s Obligations Right to Get Unique Client Code (UCC) allotted. Get a copy of KYC and other documents executed. Get order of trading of shares executed in his/her Unique Client Code only. Get order of trading of shares placed as per terms and conditions agreed to between broker and… Read More »
These are some of the safeguards the investors should keep in mind before trading in securities market. Selecting a Broker/ Sub – Broker Deal only with a SEBI registered Broker / Sub – broker after due diligence. Details of the BSE Brokers can be obtained from the Member’s List published by BSE and from the… Read More »
What is Rolling Settlement? Rolling Settlement is a mechanism of settling trades done on a stock exchange on T i.e. trade day plus “X” trading days, where “X” could be 1,2,3,4 or 5 days. In other words, in T+5 environment, a trade done on T day is settled on the 5th working day excluding the… Read More »
www.nseindia.com/content/members/ mem_directory.htm market Given below are some general DOs and DON’Ts for investors: DOs:- Always deal with the market intermediaries registered with SEBI / stock exchanges. Collect photocopies of all documents executed for registration as a client, immediately on its execution. Ensure that the documents or forms for registration as Client, are fully filled… Read More »
RBI/2015-16/218 IDMD.CDD.No.939/14.04.050/2015-16 October 30, 2015 The Chairman & Managing Director All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/Madam, Sovereign Gold Bonds, 2015-16 It has been decided by the Government of India, as per their Notification F.No. 4(19)-W&M/2014 dated October 30, 2015, to issue Sovereign Gold Bonds, 2015 (“the Bonds”) with effect from November 05, 2015… Read More »
RBI/2015-16/216 A.P. (DIR Series) Circular No. 24 October 29, 2015 To, All Authorised Dealer Category – I Banks Madam/Sir Subscription to National Pension System by Non-Resident Indians (NRIs) Attention of Authorised Dealers Category – I (AD Category – I) banks is invited to the Foreign Exchange Management (Transfer or Issue of Security by a Person… Read More »
What are Currency Options? Currency Options are contracts that grant the buyer of the option the right, but not the obligation, to buy or sell underlying currency at a specified exchange rate during a specified period of time. For this right, the buyer pays premium to the seller of the option. What is the need… Read More »