RBI

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 international payment obligations...
Kalaivani Pandian
1 min read

RBI governor’s Masterly Response to a Inspirable Bullet from…

An 8th standard student named Rajas,cornered RBI governor Raghuram Rajan with an awesome question in a formal discussion with a group of students in...
Kalaivani Pandian
43 sec read

Certificate of Deposits Explained

Certificate of deposits or CDs is a money market instrument which is offered by few banks and financial institutions which provides investors to enjoy...
Vidhyaa Sree
2 min read

RBI increased Forex Remittance Limit to 250,000 USD from…

The Reserve bank of India in its recent monitory polciy review (FEB 3rd) revised the limit under Liberalised Remittance Scheme (LRS) to $250,000 per...
Rajandran R
30 sec read

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 - 2000hrs on...
Vidhyaa Sree
28 sec read

1 Billion Plastic Currency Notes of Rs10 denomination to…

Mr Shri Jayant Sinha(Finance Minister) in written reply to a question in Lok Sabha today posted that Government will introduce 1 Billion Plastic...
Rajandran R
42 sec read

Let Your Child Open a Bank Account and Operate…

With the new ruling from Reserve Bank of India (RBI) that restriction is withdrawn. The new directive from the RBI is allowing the children...
Vidhyaa Sree
1 min read

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 social networks and...
Kalaivani Pandian
1 min read

RBI Increased PPF Deposit Limit of Rs 1.5 lakh…

RBI on its today's statement said that it had increased its PPF deposit limit from 1 lakh per year to 1.5 lakh per year.PPF...
Rajandran R
27 sec read

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 market, and capital...
Vidhyaa Sree
2 min read

Restriction On Third Party ATM Withdrawals

In a latest report, it was found that the numbers of ATM withdrawals from third party ATMs will come down to three per month....
Vidhyaa Sree
1 min read

Single Address Proof To Open A Bank Account

Your identity proof is not the first thing anyone asks for, when you meet unknown people for the first time. You say your name...
Vidhyaa Sree
1 min read