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New Delhi: The Reserve Bank of India (RBI) has introduced Beneficiary Account Name Look-up Facility akin to UPI and IMPS payments for RTGS or NEFT transactions. At present, UPI and Immediate Payment Service (IMPS) provide a facility for the remitter of funds to verify the name of the receiver (beneficiary) before executing a payment transaction,…
New Delhi: With India experiencing strong economic growth, the Reserve Bank of India (RBI) is unlikely to announce any rate cuts in its upcoming monetary policy meeting, says a report from the State Bank of India (SBI). The report suggests that domestic economic conditions are the primary factor influencing the central bank’s decisions. With India…
New Delhi: October is packed with holidays across India with banks set to observe 15 days off, including Sundays, the second and fourth Saturdays and several regional festivals, according to the Reserve Bank of India (RBI). These closures will impact various cities nationwide. Here’s a city-wise list of bank holidays in October 2024: – October…
New Delhi: Dominance of fossil fuels in electricity generation in India will end by the end of the decade said Reserve Bank of India in its latest report. The report also noted that the renewable energy is expected to cross 50 per cent share in electricity generation globally. It added that the energy transition has…
Whether it’s a house in California or luxurious bungalows Dubai’s Emirates Hills and Palm Jumeirah, Indians have their eyes on everything. (News18 Hindi) Previously, individuals would accumulate sufficient funds in foreign bank accounts to purchase high-value properties. However, the 180-day limit has complicated this process, leading people to explore new methods to avoid the complexities…
New Delhi: As per Reserve Bank of India (RBI) guidelines, banks remain closed on the second and fourth Saturdays of each month along with all Sundays. In addition to these regular closures banks are also closed on various regional and national holidays. Will Banks Be Open on September 21, 2024? Banks in India are generally…
New Delhi: You may prematurely redeem Sovereign Gold Bond Scheme 2019-20 Series IV issued in 2019 today, September 17. “SGB 2019-20 Series IV – Issue date September 17, 2019) on Sovereign Gold Bond Scheme, premature redemption of Gold Bond may be permitted after fifth year from the date of issue of such Gold Bond on…
New Delhi: The Reserve Bank of India has informed that the government of Maharashtra has declared September 18, 2024 as a public holiday under Section 25 of the Negotiable Instruments Act, 1881. The public holiday on September 16, 2024 declared earlier has been cancelled. “Accordingly, there will be no transactions and settlements in Government securities,…
New Delhi: As per the RBI holiday guidelines, banks are closed on account of gazetted and non-gazetted holidays depending on regional festivities and functions. Banks across several states will remain closed today (September 16) on account of Milad-un-Nabi or Id-e Milad (Birthday of Prophet Mohammad) (bara vafat). Banks in Ahmedabad, Aizawl, Belapur, Bengaluru, Chennai, Dehradun, Andhra Pradesh, Telangana,…
New Delhi: As per the RBI holiday guidelines, banks are closed on account of gazetted and non-gazetted holidays depending on regional festivities and functions. Tomorrow, September 14 being Onam, banks will remain closed in Kerala. However, tomorrow also being second saturday of the month, banks across all the states will be closed. Following Bank Holidays Are…