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    No Limit On Cash Withdrawal From March 13: RBI

    In a welcome move, the Reserve Bank of India on Wednesday decided to phase out weekly limit on cash withdrawal from savings accounts in two stages, starting from February 20.First, the weekly withdrawal limit for savings accounts
  • hile removing the limits on ATM withdrawals, RBI said banks may, at their discretion, have their own operating limits as was the case before November 8, 2016.

    Cash withdrawal limit for ATMs,current accounts removed: RBI

    The Reserve Bank of India (RBI) removed cash withdrawal limits at ATMs from 1 February and on current accounts and overdraft accounts with immediate effect.
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    RBI Increases ATM Withdrawal Limit To Rs.10,000 Per Day

    In a welcome move, the Reserve Bank of India (RBI) on Monday decided to increase the cash withdrawal limit from ATMs to Rs 10,000 per day from the present Rs 4,500 with immediate effect.
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    Govt asks banks to obtain PAN of all account-holders by Feb 28

    The Union Government has asked the banks to obtain and link PAN or Form No 60 (where PAN is not available) in all existing bank accounts  by February 28.
  • People outside the Reserve Bank of India (RBI) to exchange their old high-denomination banknotes in New Delhi on December 30. (Reuters)

    RBI allows NRIs to exchange old Rs500,Rs1000-banknotes up to June-2017

    Non-resident Indians (NRIs) can exchange old Rs 500 and Rs 1000 notes till June 30, 2017, the Reserve Bank of India said on Saturday.However, Indian citizens in Nepal, Bhutan, Pakistan and Bangladesh cannot avail this facility.
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    Withdrawal-limit from ATM hiked to Rs 4,500 per day from Jan 1

    In a relief to common man, the Reserve Bank of India (RBI) on Friday said cash withdrawal limit from ATMs will be increased to Rs 4,500 per day from the current Rs 2,500 from 1 January.
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    Cabinet clears ordinance to penalise persons with old notes

    The Cabinet today approved promulgation of an ordinance to impose a penalty, including a jail term, for possession of the scrapped 500 and 1,000 rupee notes beyond a cut-off.
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    RBI rolls back norms for deposit of old notes by KYC customers

    Under all-round attack, the Reserve Bank on Wednesday did a U-turn on customers depositing demonetised notes over Rs 5,000 till December 30 by making it clear that there will be no questions
  •  RBI Agrees To Clears Loan Restructuring In J&K

    RBI Agrees To Clear Loan Restructuring In J&K

    Denied earlier, the banking regulator, RBI Thursday cleared the much sought restructuring proposal of bank accounts in Jammu & Kashmir submitted by the State Level Bankers Committee through its convener, J&K Bank ltd.
  • What is Islamic Banking and why does the RBI want it in India?

    What is Islamic-Banking and why does the RBI want it in India?

    An Islamic Banking window will encourage many from the Muslim community to come forward and invest in projects thereby mobilising huge amount of capital which they may not be willing to put in the banks.
  • The government has stepped on the escalator of seemingly radical disruption; it can only now continue on that path. (File Photo)

    It’s permanent revolution

    There will be a new moral language: Permanent revolution is always Janus-faced about the virtues of the people. On the one hand, the people can overcome the absence of initial conditions for a revolution. On the other hand.
  • RBI allows Rs 50,000 a week withdrawal from overdraft accounts

    RBI allows Rs 50,000 a week withdrawal from overdraft accounts

    Further relaxing cash withdrawal norms, the Reserve Bank on Monday said overdraft and cash credit account holders can now withdraw up to Rs 50,000 in a week.Earlier, current account holders were allowed to withdraw up to Rs 50,000 in cash, in a w
  • RBI turn down proposal of restructuring of stressed loans

    RBI turn down proposal of restructuring of stressed loans

    In a setback to the loanees of Kashmir valley, who could not recycle their accounts due to the unrest, The Reserve Bank of India has rejected the proposal for restructuring of stressed loans, sent by State Level Bankers Committee.
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    Banks to remain open on Saturday, Sunday

    The government said on Wednesday that banks will remain open on the coming weekend for convenience of people following its decision to demonetise currency notes of Rs 500 and Rs 1,000 denomination.
  • The perils of plastic

    The perils of plastic

    In this context, former RBI Governor Raghuram Rajan’s comment at a recent banking technology conference is instructive: “Payment systems are the plumbing of the financial system; so long as there is no leakage or clogging,