RBI
Why Did the RBI Move 100 Tonnes of Gold from London to India? Here’s What You Need to Know
Back in 1991, India faced a severe foreign exchange crisis and had to pledge some of its gold reserves to the...
Foreign Reserves Explained in Simple Terms
Foreign Reserve is a foreign currency hold by country's central banks (RBI) and also by major financial institutions to meet their...
RBI governor’s Masterly Response to a Inspirable Bullet from 8th standard student
An 8th standard student named Rajas,cornered RBI governor Raghuram Rajan with an awesome question in a formal discussion with a group...Certificate of Deposits Explained
A Certificate of Deposit is a negotiable money market instrument issued in dematerialized form or as a Usance Promissory Note. It...
RBI increased Forex Remittance Limit to 250,000 USD from 125,000 USD
The Reserve bank of India in its recent monitory polciy review (FEB 3rd) revised the limit under Liberalised Remittance Scheme (LRS)...
RBI Extends RTGS Timeframe Window
RBI in its recent circular stated that from December 29th, 2014 onwards the RTGS transfer window will be extended from 0800hrs...1 Billion Plastic Currency Notes of Rs10 denomination to be Introduced
Mr Shri Jayant Sinha(Finance Minister) in written reply to a question in Lok Sabha today posted that Government will introduce...Let Your Child Open a Bank Account and Operate Independently
With the new ruling from Reserve Bank of India (RBI) that restriction is withdrawn. The new directive from the RBI is...
Oxigen Wallet – RBI Approved First Virtual Mobile wallet
Oxigen Wallet ,India’s first social mobile wallet service comforts people to share money with their friends & family over their preferred...RBI Increased PPF Deposit Limit of Rs 1.5 lakh per year
RBI on its today's statement said that it had increased its PPF deposit limit from 1 lakh per year to 1.5...Understanding Financial Regulatory Bodies in India
In India, the financial system is regulated with the help of independent regulators, associated with the field of insurance, banking, commodity...