RBI Launches UDGAM: Centralised Portal for Unclaimed Bank Deposits
RBI's UDGAM portal, launched to assist public in finding and claiming unclaimed deposits across banks, to be fully operational by 15th October 2023.
Tag: RBI
RBI to launch a Centralised Portal for Unclaimed Bank Deposits
The Reserve Bank of India has announced to launch a centralised portal for unclaimed deposits. Learn how it works and how it benefits depositors or beneficiaries.
Locker Agreement Renewal: RBI Extends Deadline and Issues Revised Guidelines
The RBI has extended the deadline for banks to renew locker agreements with existing customers and issued revised guidelines for safe deposit lockers and safe custody article facilities offered …
RBI’s Revised Guidelines for Opening of Current/ CC/ OD Accounts by Banks
RBI has issued consolidated/ revised guidelines and instructions for scheduled commercial banks and payment banks, regarding opening of Current Accounts and Cash Credit/ Overdraft (CC/ OD) Accounts in various …
RBI Master Directions/ Regulatory Framework 2022 for Microfinance Loans
RBI has released Master Directions/ Regulatory Framework 2022 in respect of Microfinance Loans, after necessary review and inviting public suggestions/ comments, i.e. the Reserve Bank of India (Regulatory Framework …
Don’t make Forex Transactions with ETPs not Authorised under FEMA: RBI
RBI has cautioned the general public/ residents to not to make forex transactions with Unauthorized Electronic Trading Platforms (ETPs) offering forex trading/ investments schemes with exorbitant returns, to avoid …
RBI Guidelines on Safe Digital Banking Practices to Avoid Cyber Frauds
In order to prevent “Cyber Frauds,” the RBI has published guidelines on “Safe Digital Banking” practises and advised all parties concerned to be extremely cautious of fraudulent messages, spurious …
No BO/ LO/ PO Approval for Foreign Law Firms in India: RBI
RBI has issued directions to ‘AD Category I banks’ for not granting any FEMA approval to open Branch/ Project/ Liaison Office (BO/ PO/ LO) in India, for the purpose …
RBI Discontinues 17 FEMA Returns/ Reports for Different Entities
For improving the ease of doing business in India and to reduce the cost of compliance, RBI has made a review of requirements of submission of various forms and …
RBI extends Pre/ Post Shipment Export Credit/ Advance Period from 12 to 15 Months
RBI has notified extension of Period of Advance from 12 months to 15 months in the case of all Pre/ Post Shipment Export Credits disbursed upto 31 July 2020, …