RBI

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...
Vidhyaa Sree
1 min read

RBI increased Remittance limit from USD 75,000 to USD 125,000

RBI had announced in its circular that forex Remittance limit for Residential individuals has been increased from USD 75,000 to USD...
Rajandran R
24 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...
Rajandran R
1 min read

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

As the Reserve Bank of India has announced recently about its plan to withdraw the currency notes that are issued before...
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...
Rajandran R
1 min read

RBI Reduced Remittance limit from USD 200,000 to USD 75,000

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

How NEFT Bank Transfer Works?

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