Category: RBI

KYC Guidelines meaning and FAQ by RBI as updated on 02-09-2016

KYC Guidelines meaning and FAQ by RBI updated on 02-09-2016. To open a bank account, customer’s proof of identity/address and photograph is required  Reserve Bank of India Know Your Customer-KYC-Guidelines (Updated up to September 02, 2016) (This is a summarised and simplified version of the Reserve Bank of …

Special measures to incentivise Electronic Payments-Enhancement in issuance limits for PPIs, Special measures for merchants

Special measures to incentivise Electronic Payments-Enhancement in issuance limits for Pre-Paid Payment Instruments (PPIs), Special measures for merchants Reserve Bank of India Special measures to incentivise Electronic Payments – (i) Enhancement in issuance limits for Pre-Paid Payment Instruments (PPIs) in India (ii) Special measures for merchants RBI/2016-17/150 DPSS.CO.PD.No.1288/02.14.006/2016-17 …

Fraud in withdrawal of new bank notes by bank officials in connivance with miscreants. RBI warns banks of strict compliance and record maintenance

Fraud in withdrawal of new bank notes by bank officials in connivance with  miscreants. RBI warns banks of strict compliance and record maintenance. Reserve Bank of India Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Specified Bank Notes (SBNs) – Fraudulent Practices RBI/2016-17/147 DCM …

Download application format for marriage cash withdrawal List of documents-proof to be annexed with the application as per latest RBI Guidelines

Download application format for marriage cash withdrawal  List of documents-proof to be annexed with the application as per latest RBI Guidelines. Reserve Bank of India Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Specified Bank Notes (SBNs) – Cash withdrawal for purpose of celebration …

Revision in cash withdrawal limit for farmers-traders registered with APMC markets/mandi. Limit is 25000 for farmers and 50000 for Traders-RBI

Revision in cash withdrawal limit for farmers-traders registered with APMC markets/mandi. Limit is 25000 for farmers and 50000 for Traders-RBI  Reserve Bank of India Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Bank Notes – Revisions RBI/2016-17/146 DCM (Plg) No.1323/10.27.00/2016-17 November 21, 2016 The …

Substandard classification of bank loans deferred 60 days due to demonetisation. Relief given in repayment by RBI relaxing Prudential Norms

Substandard classification of bank loans deferred 60 days due to demonetisation. Relief given in repayment by RBI relaxing Prudential Norms Reserve Bank of India Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances RBI/2016-17/143 DBR.No.BP.BC.37/21.04.048/2016-17 November 21, 2016 All Entities Regulated by the Reserve Bank …