Diabytes
RBI rules News
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The RBI specifies that the digital view should include essential details such as the name of the bank or NBFC extending the loan.
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This new rule will benefit the cheque book users as their issued cheques will be easily cleared on a holiday.
This means that the issued cheques will be cleared on a Saturday or Sunday too.
It is important for customers to keep in mind that NACH will be operational all hours of the day and even on holidays.
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Earlier, the employees had to wait till Monday or any weekday for their salary to get credited.
NACH services will continue on weekends.
Currently, NACH services are available only on days when banks are working.
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The Reserve Bank of India (RBI) has changed the rules for Fixed Deposits as it said that if a customer has not claimed FD even after maturity, then he/she will have to bear the loss in terms of interest in savings.
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RBI has issued a clarification stating that banks and other regulated entities are not in a position to mention its 2018 circular on cryptocurrencies.
Previously, through an email, HDFC Bank and State Bank of India had said that those who are dealing with virtual currencies will face account suspension citing a 2018 circular from the Reserve Bank of India.
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