Rs 2000 notes RBI extends deadline for exchange to October 7: In a recent development, the Reserve Bank of India (RBI) has extended the deadline for the exchange of Rs 2,000 banknotes until October 7, 2023. Originally, the deadline was set to expire on October 1, 2023. This decision comes after a careful review of … Read more
There’s been 14.4% rise in counterfeit ₹500 notes in the country. In its recently released annual report for the financial year 2022-23, the Reserve Bank of India (RBI) has brought attention to a significant increase in the number of counterfeit Rs 500 denomination notes in circulation. The report highlights a rise of 14.4%, with a … Read more
A major update has been introduced for the 500 rupee note, making it imperative for every citizen to be aware of these changes.
The Reserve Bank of India (RBI) is the central bank of India. It is responsible for the management of the country’s currency and monetary policy. The RBI is also responsible for regulating the banking system and supervising financial institutions. One of the key functions of the RBI is to manage the supply of money in … Read more
Gives ‘In-Principle Authorisation’ to 32 existing PAs Hey there! Have you heard the latest news in the world of finance? The Reserve Bank of India (RBI) has returned the applications of some of the most popular non-bank Payment Aggregators (PAs), including Freecharge Payment Technologies, PayTM Payments Services, and PayU Payments. This means that these companies … Read more
Are you the kind of person who likes to keep your precious belongings safe by storing them in a bank locker? Well, if you are, then you might want to pay attention to the new bank locker rule issued by the RBI (Reserve Bank of India). The RBI has decided to tackle one of the … Read more