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Tag Archives: RBI

Facts about payments bank

Payments banks cannot issue loans. They even cannot issue credit cards. However, they can issue ATM cards and debit cards.

RBI order: 40 percent currency

RBI notified that the supply of fresh notes to rural branches should be increased. It said that at least 40 per cent bank notes

Deadline to deposit old notes

If anyone wants to exchange their old notes they still have time to do so until March 31 at the designated Reserve Bank of

Cash payments over ₹2 lakh

In order to solve the confusion regarding cash payment, the Central Board of Direct Taxes (CBDT) clearly mentioned when it is needed to report

₹5000 deposit limit removed by

Now, the Reserve Bank of India (RBI) has decided to revoke the circular regarding ₹5000 deposit limit.