Due to the extremely slow service of SBBJ Bank [A/c no. 51115684312] the cheque clearance was delayed at the bank’s end until 1st April 2017 and thereby, the cheque deposited as transfer from SBBJ (savings) to INDUSIND Bank (Current) had bounced and could not be cleared. Due to this...
RBI circular on embossing of bank / branch name on locker keraj kumar makkadEmail thisPrint this
First select your bank, select the state, now select your district and finally select the branch of your bank to find MICR Code. If you need to change any search list term, please use Up Arrow Icons. ↺RESERVE BANK OF INDIA↺Select Your StateANDHRA PRADESHASSAMBIHARCHANDIGARHCHHATTISGARHDEL...
Yes, if you have any unclaimed deposit, it may be possible to claim it through the UDGAM portal or account holders can visit the respective bank branch and submit the "Claim Form” or verify their KYC documents. 7. Is there any timeline for banks to process claims? Banks generally have ...
Additionally, banks must givenotices in two newspapers, while alsonotifying customers at least two months in advancein case of a relocation of the bank branch, a merger, or a closure. In such a case, the bank must also give its customers thechoic...
As per RBI, Truncation is the process of stopping the flow of the physical cheque issued by a drawer at some point by the presenting bank en-route to the paying bank branch. In its place an electronic image of the cheque is transmitted to the paying branch through the clearing house, alo...
A valid Full Fledged Money Changer License, also known as a Foreign Exchange License, is a license granted by the Reserve Bank of India (RBI). The FFMC license authorizes the holders to deal in money-changing and foreign exchange business. The object of acquiring the Full Fledged Money Change...
4. IndusInd Bank’s GIFT City IFSC Banking Unit branch has signed $100 million long-term loan agreement with JBIC. It has signed the agreement with the Japan Bank for International Cooperation (JBIC) to encourage the growth of Japanese construction equipment companies in India. ...
Recently, the Reserve Bank of India (RBI) Working Group (WG) Committee has made recommendations pertaining to Digital Lending, including a separate legislation to prevent illegal digital lending activities.The RBI constituted a WG on digital lending including lending through online platforms and mobile...
owned by or held for the benefit of the designated individuals/entities, an order to freeze these assets under Section 51 A of the UAPA would be issued within 24 hours of such verification and conveyed electronically to the bank branch concerned under intimation to the Reserve Bank and FIU-...