Reserve Bank of India (RBI)

<!-- -->International credit card spends abroad will not attract Tax Collected at Source or TCS.New Delhi: Payments made by using international credit cards (ICC) during overseas visits will not attract Tax Collected at Source or TCS,…

Last Updated: June 13, 2023, 11:24 ISTPrivate sector banks attracted 45.6% of incremental deposits and 53.7% of households’ deposits during 2022-23, according to RBI. (File Photo)The share of term deposits in total deposits increased to…

<!-- -->RuPay Debit, Credit, and Prepaid Cards will be enabled for issuance in foreign jurisdictionsMumbai: In order to expand payment options for Indians travelling abroad, the Reserve Bank of India on Thursday decided to allow…

About three-fourths of Indians are choosing to deposit the recently withdrawn 2000-rupee notes into bank accounts so far rather than exchanging them for smaller denominations, with the trend likely to boost bank deposits, bankers said.…

<!-- -->The new system will be resilient to disruptions and easier to use in remote areas.New Delhi: The Reserve Bank of India (RBI) is developing a new lightweight and portable Payment and Settlement System…

<!-- -->RBI working on portable payment system for critical transactions during catastrophic eventsMumbai: Reserve Bank of India is working on a light weight and portable payment system, a "bunker equivalent in payment systems", that…

<!-- -->RBI said that India's growth momentum is likely to continue in 2023-24. (Representational)Mumbai: The Reserve Bank today said that India's growth momentum is likely to continue in 2023-24 even as it made a case for pushing…

The RBI has been making efforts to reduce the number of unclaimed deposits (Representative image) Once the claim is verified by the bank, the funds will be released to the nominee.The Reserve Bank of India (RBI) has instructed banks to…

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The Reserve Bank of India (RBI)  recently announced the withdrawal of Rs 2000 notes from circulation, allowing people to exchange or deposit them in their bank accounts by September 30, 2023. Although these notes will remain legal tender…