Category Archives: other Acts

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

RBI Retail Direct Scheme: Complete Details : Allowing Retail Investors to Open Gilt Accounts with RBI

By | November 14, 2021

Retail Direct Scheme: Allowing Retail Investors to Open Gilt Accounts with RBI Date : Jul 12, 2021 As part of continuing efforts to increase retail participation in government securities, ‘the RBI Retail Direct’ facility was announced in the Statement of Developmental and Regulatory Policies dated February 05, 2021 for improving ease of access by retail investors through online… Read More »

RBI Retail Direct Scheme

By | November 14, 2021

RBI Retail Direct Scheme The Reserve Bank announces the activation of the RBI Retail Direct Scheme with effect from today. The Scheme was launched today in virtual mode by the Hon’ble Prime Minister, Shri Narendra Modi. A significant milestone in the development of the Government securities (G-sec) market, the Reserve Bank of India-Retail Direct (RBI-RD) Scheme will… Read More »

Category: RBI

Opening of Current Accounts by Banks : Guidelines isued by RBI

By | September 25, 2021

Guidelines for Implementation of the circular on Opening of Current Accounts by Banks RBI/2021-22/77 DOR.CRE.REC.35/21.04.048/2021-22 August 04, 2021 To, All Scheduled Commercial Banks All Payments Banks Madam / Dear Sir, Guidelines for Implementation of the circular on Opening of Current Accounts by Banks Please refer to circulars DOR.No.BP.BC/7/21.04.048/2020-21 dated August 6, 2020, DOR.No.BP.BC.27/21.04.048/2020-21 dated November 2, 2020 and DOR.No.BP.BC.30/21.04.048/2020-21… Read More »

Category: RBI

De-Activation of IECs not updated on the DGFT

By | September 20, 2021

Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi Dated: 20thSeptember 2021 Trade Notice 18/2021-2022 To, 1.All IEC Holders/Members of Trade 2.DGFT Regional Authorities 3.Export Promotion Councils/Commodity Boards/ other Industry Associations Subject: De-Activation of IECs not updated on the DGFT   This Trade Notice… Read More »