Following RBI Order, SBI Prohibits Trading Cryptocurrencies

Post RBI order regarding banning the regulated financial institution from dealing in cryptocurrencies, India’s biggest public sector bank has issued a notification stating that SBI prohibits trading cryptocurrencies among its customers. Read more »

New Minimum Average Balance Guidelines- Must Know Facts

The India’s Central Banking Institution, RBI (Reserve Bank of India) has given the guidelines for levy of penal charges on non-maintenance of minimum balances in savings bank accounts by the customers. These guidelines are... Read more »

Validity Of Cheques, Drafts, Pay Orders & Bankers Cheque Will Reduce From 6 Months To 3 Months W.e.f 1st April 2012

As per the notification issued by the Reserve Bank Of India (RBI) on November 4th 2011, now the period for the payment i.e validity of cheques, Drafts, Pay orders and bankers cheque... Read more »

RBI : History Of Repo Rate Since March 2010

Thirteenth time since march 2010, Reserve Bank of India have raised the Repo Rate. Repo Rate is the rate at which central bank (RBI) lends money to banks. Lets have a look... Read more »

Approval From RBI Will Introduce White Label ATMs In India

In order to boost the banking facilities in the country, Finance Ministry have proposed the Reserve Bank Of India (RBI) for the introducing of white-label ATMs. What Are White Label ATMs? White... Read more »

Latest PayPal Update – RBI Raised Receiving Limit From $500 To $3000 Per Transaction For Indian PayPal Users

As per the latest news, Reserve Bank Of India (RBI) have raised the limit for Indian PayPal users from $500 to $3000 per transaction. Few days back, PayPal have notified its Indian... Read more »

What Is Quantitative Easing?

Quantitative Easing (QE2) is a monetary policy tool used by the central banks to increase the supply of money in an economy when the bank interest rate, discount rate and/or interbank interest... Read more »