To check this loophole, the RBI has vide a notification dated 6th August, issued fresh guidelines in respect of opening and operating CC/OD/Current accounts of borrowers which are mandatory to be followed by all branches. The main provisions of the notification are given below: 1. No bank c...
RBI chief says current account deficit unsustainableReuters
The UDGAM portal to check unclaimed deposits can be really useful for those account holders who may have changed residences, closed accounts, may have lost track of some savings over the years. There are also cases of accounts being unclaimed for deceased depositors. FAQ on RBI UDGAM portal to...
Companies issuing PPIs mustcomplywith RBI guidelines. These include customer verification processes, transaction limits, and maintaining a certain level of liquidity. The RBImandatescertain consumer protection measures, including ensuring the security of transactions and offering grievance redressal mechanisms. ...
Adherence to Tor Guidelines: We aspire to aligning our Tor integration as closely as possible with the best practices recommended by the Tor Project. This includes careful configuration to prevent leaks and maintaining the anonymity that Tor provides. Ongoing Security Enhancements: Our goal is to eve...
RBI releases new due diligence guidelines for operators to prevent AePS fraud The Reserve Bank of India released new draft directions ondue diligence of Aadhaar Enabled Payment System (AePS) Touchpoint Operatorsto “streamline the process of onboarding customers”. The new directions aim to combat ...
Sector6 5.RBIRefinance7 6.ConstructionActivitiesNotEligibleForBankCredit7 7.Reporting7 8.OpeningofspecializedHousingFinanceBranches8 9.HomeLoanAccountScheme(HLAS)forNHB9 10.RiskWeightonHousingFinance10 11.TermsandConditionsforBanksInvestmentsinMortgageBacked Securities(MBS) 10 Annexure–1 12 Annexure–216 ...
of an existing card in lieu of the change in the underlying account relationship, upgradation due to new technology or systems or re-issuance of cards that have been lost, blocked or suspended temporarily, but does not include the opening of a new account after a previous...
2. Guidelines 2.1 General (i) Banks should keep in mind that the information collected from the customer for the purpose of opening of account is to be treated as confidential and details thereof are not to be divulged for cross selling or any other like purposes. Banks should, therefore, ...
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