On 1st October 2021, RBI’s regulations on e-mandates or recurring payments via cards to strengthen the safety of card transaction became effective. As per regulatory guidelines on ‘Processing of e-mandate on cards for recurring transactions’, several requirements are mandated for processing ...
For successful FOREX transactions undertaken per RBI guidelines for foreign exchange transactions, you must comply with RBI requirements. You should send funds according to RBI-approved purposes and submit the Know Your Customer (KYC) documents. Open a DBS Bank Account Now RBI Rules on Currency Exch...
The card-issuer shall ensure adherence to the guidelines on ‘Managing Risks and Code of Conduct in Outsourcing of Financial Services by banks’, as amended from time to time. Card-issuers shall ensure that cash backs, discounts and other offers advertised by a co-branding partne...
Razorpay TokenHQ, India’s first Multi-network Card Tokenisation Solution Customers can access their saved card details through tokenisation while you comply with RBI credit/debit card guidelines. Offer a seamless payment experience and grow your business! Get Started Join the Program Learn more ...
While the internal audit function itself is a core management process, the Outsourcing Guidelines in the same lines allows regulated entities to engage internal auditors on a contractual basis. This means external professionals can be brought in to execute internal audits, provided their engagement adhe...
Upload scanned copies of your photograph, signature, and other necessary documents as per the specified format and size guidelines provided in the notification. Step 5: Pay the Application Fee Proceed to the payment section and pay the application fee online using a debit card, credit card, net...
However, in June 2019 following concerns raised by the industry, RBI went on to clarify theguidelines: What data should be stored in India?The central bank elaborated on data that had to be stored in India mandatorily: Customer data: Name, mobile number, email, Aadhaar number, PAN number, ...
The central banking institution released extensive IT security guidelines in 2011, but it felt compelled to update its guidance partly because the original advisory didn’t sufficiently address the need for post-breach capabilities. Strengthening Cybersecurity & Cyber Resilience As the RBI points out,...
While Home Loans often offer a maximum tenure of up to 20 years, the specific terms can vary depending on the lender and the loan product you choose. Understanding the tenure and choosing one that aligns with your financial goals is essential. RBI Guidelines for Loan Against Property When co...
“The recently issued regulatory guidelines on digital lending strike a well considered balance between customer protection and business conduct on the one hand and supporting innovation on the other,” Das said. He stressed that innovations must be responsible and should enhance the efficiency and res...