As per the guidelines of the Reserve Bank of India, banks must update the details of their customers periodically.
RBI, in its circular, stated that the deadline for completing the process of renewal of locker agreements for banks had been extended till December
No UPI users can block a specific amount to meet a specific purpose or to pay a merchant.
RBI announced the launch of Central Bank Digital Currency (CBDC) soon, i.e. from Thursday onwards.
The Reserve Bank of India (RBI) directed banks to close the credit card of customers within seven working days of their request.