RBI Digital Rupee: What is RBI Digital Rupee? Important features, how it is different from cryptocurrency [ad_1] The Reserve Bank of India (RBI) has announced the launch of the first retail digital Rupee (e₹-R) pilot on December 1, 2022. According to the RBI press release dated November 29, 2022, here some important points to know about digital Rupee (e₹-R) pilot: ...

Money mule scams: What is it, how to avoid it [ad_1] According to the Canara Bank website, “A money mule is someone who transfers or moves illegally acquired money on behalf of someone else, for short term profits/ gains. Criminals recruit money mules to help launder proceeds derived from illegal activities. Some money mules know they are supporting criminal enterprises; ...

Rupee gains 17 paise to 81.55 against US dollar ahead of GDP data The rupee appreciated 17 paise to 81.55 against the US dollar in early trade on Wednesday on broad dollar weakness and a positive trend in domestic equities. At the interbank foreign exchange, the domestic unit opened at 81.63 against the dollar, then gained ground ...

Retail e-rupee pilot begins today: Here’s what you can expect from it The Reserve Bank of India (RBI) will launch the first pilot for the retail version of the Central Bank Digital Currency (CBDC) tomorrow, December 1, exactly a month after it started a pilot for the digital rupee-wholesale segment. Let’s look at the fine print of the roll-out: ...

Cross-border rupee trade: FinMin, bank heads to meet on December 5 The Finance Ministry has called a meeting of CEOs of banks, including top six private sector lenders, on December 5 to discuss ways to promote cross-border trade in the rupee instead of the US dollar. Besides, sources said the meeting to be attended by other stakeholders, ...

ESAF Small Finance Bank plans to set up Asset Hubs across India: Official ESAF Small Finance Bank has planned to strengthen presence of its Asset Hubs across the country aimed at serving the small and medium enterprises and agriculture segments, a top official said on Tuesday. Asset Hub offered by ESAF Small Finance Bank is a specialised ...

Union Bank raises Rs 2,200 cr in tier II capital for business growth State-owned Union Bank of India has raised Rs 2,200 crore in capital through tier II bonds to replace maturing instruments and support business. The Mumbai-based lender is working on details for issuing tier I bonds worth Rs 700 crore before the financial year closes ...

How to block SBI debit card [ad_1] In case of theft or misplacement of debit card, State Bank of India (SBI) customers can block their debit card immediately by calling the customer care number, by visiting a bank branch or through Internet banking. Note that customers who stay abroad such as in USA and Canada can also block their debit ...

These banks offer up to 7.75% interest rate on tax-saving FDs for senior citizens – Tax-saving FDs [ad_1] 2/9 Main features of tax-saving FDs According to the ICICI Bank website, here are main features of a tax-saving FD: · The lock-in period is five years · The interest earned, as a part of the Tax Saving Fixed Deposit, is taxable, ...

Banks offering best 1-year FD interest rates [ad_1] Banks offering best 1-year FD interest rates [ad_2]