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System ready for tokenisation, says RBI deputy governor T Rabi Sankar The payments industry is “perfectly ready” for a smooth transition to token-based transactions from October 1, Reserve Bank of India (RBI) Deputy Governor T Rabi Sankar said on Friday, based on the feedback from various stakeholders. Tokenisation is a back-end process of replacing credit/debit/prepaid card details ...

Bandhan Bank interest rate: Bandhan Bank revises savings account interest rates [ad_1] Bandhan Bank has revised the interest rates on its savings accounts. According to the Bandhan Bank official website, the new interest rates are effective from September 30, 2022. The bank will now offer a 3% interest rate on savings accounts with a daily balance of up to Rs ...

System ready for tokenisation as 35 crore cards tokenised, says RBI About 35 crore cards have been tokenised and the system is ready for the new norms which set in from October 1, the Reserve Bank said on Friday. There are a few laggards in the system who have not complied with the mandate because of their ...

How to buy hallmarked gold, silver jewellery [ad_1] [ad_2]

Currency movements not guiding factors for monetary policy: Shaktikanta Das Reserve Bank of India Governor Shaktikanta Das on Friday said that currency movements are not the guiding factors for monetary policy decisions. He said currency management is the domain of RBI and that it will deploy all the appropriate measures on the same. The Monetary Policy ...

NPS subscribers: Govt, corporate NPS subscribers can continue with existing investment after resignation or retirement [ad_1] NPS subscribers must apply for Inter Sector Shifting (ISS) after leaving their employment on account of resignation or retirement by sending a request to the Central Record Keeping Agency (CRA) System. The Pension Fund Regulatory and Development Authority (PFRDA) circular dated September 29, 2022 ...

Regulations for offline payment aggregators to be same as online peers: RBI Offline payment aggregators (PAs) who aid in face-to-face transactions at merchant outlets will now come under the regulatory purview of RBI, Governor Shaktikanta Das announced on Friday. “Keeping in view the similar nature of activities undertaken by online and offline PAs, it is proposed to ...

Tourist attractions in Arunachal Pradesh, costs involved [ad_1] [ad_2]

RBI to publish paper on expected loss-based approach for loan provisioning The Reserve Bank of India (RBI) wants banks to adopt the expected credit loss (ECL) regime for provisioning of loan assets and it will shortly come out with a discussion paper on the transition, said Governor Shaktikanta Das on Friday. Banks in India are currently required ...

SCSS Interest rate: Senior Citizens’ Savings Scheme: Govt clarifies on interest rate payable after death of SCSS account holder [ad_1] The Ministry of Finance, said in a press release issued on September 29, 2022, that it has been observed that when a Senior Citizens’ Savings Scheme (SCSS) account holder passes away, the operating agencies close the account and consider it ...