Tag Archives: RBI

Bank Open on 30-31 March 2024: Enhancing Taxpayer Convenience In a move aimed at enhancing taxpayer convenience, the Reserve Bank of India (RBI) has issued directives for banks to remain open on Saturday and Sunday, the 30th and 31st of March 2024. This decision comes as the financial year draws ...

RBI Rules for Coloured Notes: Ensuring Currency Integrity During Festivities As the cities and rural areas alike immerse themselves in the vibrant colors of Holi, the festival of colors, the air is filled with hues, abeer, and the playful splashes of water guns. Amidst this kaleidoscope of colors, even the ...

Unraveling the Mystery: RBI’s Stance on Payment Bank Partnerships In the ever-evolving landscape of digital finance, the recent revelation of the Reserve Bank of India’s (RBI) stance on partnerships involving Payment Banks has sparked curiosity and concerns alike. Let’s delve into the details and understand the intricacies of this significant ...

RBI Cancels Bank Licence: Understanding the Impact on Co-operative Banks The Reserve Bank of India (RBI) recently took a decisive step by cancelling the license of Shankarrao Pujari Nutan Nagari Sahakari Bank Limited, a co-operative bank located in Ichalkaranji, Kolhapur. This move, announced on December 4, 2023, marks the end ...

Fake 2000 note: While depositing Rs 2000 notes through banks, all the notes are sorted immediately for accuracy and authenticity using Note Sorting Machines (NSMs). This allows for the authentication of counterfeit notes.     RBI:  The RBI has decided to withdraw the circulation of Rs 2000 notes. The banks ...

The Central Government has made a relevant announcement on 19th May 2023 regarding the 2000 Rupee notes, It is decided by the government to eliminate the usage of these notes in the market. However, an important news has been emerging related to 100, 200 and 500 rupee notes.     ...