Payment of pension to the Central Government pensioners – Continuation of either or survivor pension account after death of a pensioner - RBI Instruction RESERVE BANK OF INDIA www.rbi.org.in Ref. DGBA.GAD No. H-7386/45.01.001/2012-13 The Chairman / Managing Director State Bank of India & its Associates Banks Chairman & Managing Director All … [Read more...] about Payment of pension to the Central Government pensioners – Continuation of either or survivor pension account after death of a pensioner – RBI Instruction
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Home Loan Interest Rates : Different rate of interest on home loans charged by banks
Home Loan Interest Rates : Different rate of interest on home loans charged by banks... Minister of State for Finance replied to a question in Lok Sabha on 22nd February 2013 regarding rate of interest on home loans being charged by various Scheduled Commercial Banks is given below... Interest rates on advances have been de-regulated by the Reserve Bank of India (RBI). … [Read more...] about Home Loan Interest Rates : Different rate of interest on home loans charged by banks
New Norms for Credit Cards
Press Information Bureau Government of India Ministry of Finance 08-March-2013 18:33 IST New Norms for Credit Cards Reserve Bank of India (RBI) vide Circular dated 28.02.2013on “Security and Risk Mitigation Measures for Electronic Payment Transactions” has directed banks to put in place the following safety measures for Credit and Debit Card Transactions : • All … [Read more...] about New Norms for Credit Cards
GAP between WPI and CPI; Government and RBI takes Several Measures to Contain Inflation
Press Information Bureau Government of India Ministry of Finance 06-December-2012 18:59 IST GAP between WPI and CPI; Government and RBI takes Several Measures to Contain Inflation Year-on-year inflation in October, 2012 measured in terms of Wholesale Price Index (WPI) and the Consumer Price Index (CPI) (New series) was 7.45 per cent and 9.75 per cent, respectively. The … [Read more...] about GAP between WPI and CPI; Government and RBI takes Several Measures to Contain Inflation
Bankers demand 5 days week, NUBE submitted memorandum
Bankers demand 5 days week, NUBE submitted memorandum Demand for five days' week in bank is again on the news. NUBE, an organization of bank employees recently submitted a memorandum to Central Govt for implementation of this long awaited demand. "At present all Central government establishments, RBI, Forex Department, Parliament, State Assemblies, Treasury, ITBT industries … [Read more...] about Bankers demand 5 days week, NUBE submitted memorandum
New Format Cheques CTS-2010 Standards will be implemented from 1st January, 2013
New Format Cheques CTS-2010 Standards will be implemented from 1st January, 2013 CTS- 2010 Standards implementation : Standardisation and Enhancement of Security Features in Cheque Forms, the introduction and implementation of additional security features on cheque forms will commence from 1.1.2013, this Guidance Note will be called CTS-2010. Important things on new … [Read more...] about New Format Cheques CTS-2010 Standards will be implemented from 1st January, 2013
Stop charging prepayment penalty on home loans: RBI to banks
Stop charging prepayment penalty on home loans: RBI to banks In a relief to borrowers, the RBI on Tuesday asked banks to immediately stop charging penalty on pre-payment of home loans taken on floating interest rates. "It has...been decided that banks will not be permitted to charge foreclosure charges\pre-payment penalities on home loans on floating interest rate basis, … [Read more...] about Stop charging prepayment penalty on home loans: RBI to banks
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