RBI

RBI increased Remittance limit from USD 75,000 to USD…

RBI had announced in its circular that forex Remittance limit for Residential individuals has been increased from USD 75,000 to USD 125,000 per financial...
Rajandran R
25 sec read

No Penality on non-maintenance of minimum balances – RBI

RBI on it Circular stated that from now onwards Banks cannot levy penality charges on non-maintenance of minimum balances in inoperative Accounts.
Rajandran R
1 min read

Things to know about RBI’s Withdrawal of Pre-2005 currency…

As the Reserve Bank of India has announced recently about its plan to withdraw the currency notes that are issued before 2005, the situation...
Vidhyaa Sree
1 min read

RBI’s Warning on Trading Bitcoins and Virtual Currencies

Reserve bank on Indian on its circular issued a warning to all Virtual Currency users including Bitcoin users in India about the potential financial,...
Rajandran R
1 min read

RBI Reduced Remittance limit from USD 200,000 to USD…

Today RBI had announced in its circular that forex Remittance limit for Residential individuals has been reduced from USD 200,000 to USD 75,000 per...
Rajandran R
52 sec read

How NEFT Bank Transfer Works?

National Electronic Funds Transfer (NEFT) is a nation-wide payment system facilitating one-to-one funds transfer. Under this Scheme, individuals, firms and corporates can electronically...
Rajandran R
2 min read