RBI Circular on Bank ChargesPrakash YedhulaEmail thisPrint this
These entities are called Authorized Money Changers (AMCs). The RBI annually publishes the applicable guidelines for FFMC in the form of a master circular called the Memorandum of Instruction on Money Changing Activities. What are the Types of Money Changers? The different types of authorized ...
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In case of intra-group transfers, NBFCs shall submit an application, on the company letter head, for obtaining prior approval of the Bank. Based on the application of the NBFC, it would be decided, on a case to case basis, whether the NBFC requires to submit the documents as prescribed ...
Minimum capital adequacy ratio has been kept at 15% for a small finance bank and payment banks. It has been kept at 9% for local area banks and regional rural banks. According to the RBI’s circular, banks must compute dividends on the basis of the “dividend payout ratio”. ...
2. RBI has released draft circular on Credit Card Network Portability. RBI has proposed rules that could possibly restrict card issuers from engaging in exclusive arrangements with card networks like Mastercard, Visa or RuPay. The central bank also proposed that rules would apply to both banks and...
The charges for transactions up to ₹50,000 shall continue as provided in circular DPSS (CO) No.1381/04.09.003/2008-09 dated February 09, 2009. For transactions beyond ₹50,000, the charges prescribed by SBI shall apply. The banks shall put in place suitable velocity checks...
In the context of the subject line of the above circular while advising banks to automatically convert CASA as well as term deposit accounts of individual customers to senior citizens' account based on the date of birth mentioned in the Bank's records your in...
7. Charges for NEFT Transaction fee would levied on your account for NEFT services. Pleaseclick hereto know the charges applicable, as per the account / program. 8. CONDITIONS OF TRANSFER THROUGH NEFT 1) The Bank shall not be liable for any loss of damage arising or resulting from delay ...
insofartheyrelatetoprovidingbankfinancetothe housingsector.TheMasterCircularhasalsobeenplacedontheRBIweb-site (http://.rbi.in). Yoursfaithfully, (P.VijayaBhaskar) ChiefGeneralManager Encls:Asabove 3 MasterCircular HousingFinance CONTENTS 1.Introduction3 2.DirectHousingFinance3 3.IndirectHousingFinance4 4...