Category Archives: other Acts

RBI Notification Regarding Status of Cooperatieve Rabobank under Banking Regulation Act

By | July 9, 2026

RBI Notification Regarding Status of Cooperatieve Rabobank under Banking Regulation Act In pursuance of sub section (2) of Section 36A of the Banking Regulation Act, 1949, the Reserve Bank of India hereby notifies that the Cooperatieve Rabobank RBI Notification Regarding Status of Cooperatieve Rabobank under Banking Regulation Act The Gazette of India CG-MH-E-08072026-274245 EXTRAORDINARY PART… Read More »

RBI new rules for Cheque Clearing within Hours from 4th oct 205 Download Circular

By | October 4, 2025

Introduction of Continuous Clearing and Settlement on Realisation in Cheque Truncation System RBI/2025-26/73 CO.DPSS.RLPD.No.S536/04-07-001/2025-2026 August 13, 2025 The Chairman / Managing Director / Chief Executive Officer of Banks participating in Cheque Truncation System/ National Payment Corporation of India Dear Sir / Madam, Introduction of Continuous Clearing and Settlement on Realisation in Cheque Truncation System Please… Read More »

RBI NEW RULES FOR CHEQUE CLEARING WITHIN FEW HOURS FROM 4TH OCT 2025

By | October 4, 2025

RBI NEW RULES FOR CHEQUE CLEARING WITHIN SAME DAY The Reserve Bank of India (RBI) has implemented new rules for cheque clearing, transitioning from a batch-based system to a continuous clearing and settlement on realization model. This change aims to significantly reduce the time it takes for cheques to clear, making funds available within hours instead of… Read More »

Category: RBI

RBI new Web portal for Unclaimed Deposits

By | August 17, 2023

RBI new Web portal for Unclaimed Deposits The RBI has launched the Centralised Web Portal “UDGAM” (Unclaimed Deposits Gateway to access information). This portal has been developed for use by members of public to facilitate and simplify the process of searching for their unclaimed deposits across multiple banks at one place. Further, the launch of… Read More »

Category: RBI

Rs 2000 Denomination Banknotes – Withdrawal from Circulation; Will continue  as Legal Tender

By | May 19, 2023

Rs 2000 Denomination Banknotes – Withdrawal from Circulation; Will continue  as Legal Tender RBI/2023-24/32 DCM(Plg) No.S-236/10.27.00/2023-24 May 19, 2023 The Chairman / Managing Director/ Chief Executive Officer All Banks Dear Sir /Madam ₹2000 Denomination Banknotes – Withdrawal from Circulation; Will continue  as Legal Tender ₹2000 denomination banknote was introduced in November 2016 under Section  24(1)… Read More »

RBI Launched UPI for Feature Phones for digital payments :UPI123Pay

By | March 8, 2022

Reserve Bank of India launches (a) UPI for Feature Phones (UPI123pay) and (b) 24×7 Helpline for Digital Payments (DigiSaathi) The Reserve Bank has launched two key initiatives today – (1) UPI123Pay – Option to make Unified Interface Payments (UPI) payments for feature phone users, and (2) DigiSaathi – a 24×7 Helpline to address the queries… Read More »

RBI limits Rs 2000 for Offilne Transactions

By | January 3, 2022

Date : Jan 03, 2022 RBI releases Framework for Facilitating Small Value Digital Payments in Offline Mode The Reserve Bank has today placed on its website the ‘Framework for facilitating small value digital payments in offline mode’. The framework incorporates the feedback received from the pilot experiments on offline transactions conducted in different parts of the… Read More »

Category: RBI

RBI Integrated Ombudsman Scheme 2021

By | November 14, 2021

RBI Integrated Ombudsman Scheme 2021 Date : Nov 12, 2021 The Reserve Bank – Integrated Ombudsman Scheme, 2021 (the Scheme) was launched today in virtual mode by Hon’ble Prime Minister Shri Narendra Modi. 2. The Scheme integrates the existing three Ombudsman schemes of RBI namely, (i) the Banking Ombudsman Scheme, 2006; (ii) the Ombudsman Scheme for Non-Banking Financial… Read More »

Category: RBI