Will ₹500 notes be taken back too? RBI reveals number of fake ₹500 notes is 10x more than fake ₹2000 notes in FY23

Rbi 2000-500 notes taken back

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

Regulatory hurdle. RBI returns PA applications of Paytm, Freecharge, PayU

RBI returns PA applications of Paytm, Freecharge, PayU

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

RBI issued new Bank Locker rule: If the valuables kept in the bank locker are stolen or eaten by termites, then who will compensate?

new locker agreement rbi

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