The Union Cabinet is planning to implement the high allowance for the central government employees most probably from February 2017 as per the recommendations made in 7th pay commission. The Confederation of Central Government Employees and Workers observed the advisory on the basis of Reserve Bank of India‘s statements. RBI governor DrUrijit Patel stated during a press conference that the …

In a probe to curb the black money policy as well as banishing the old notes at a massive level, Reserve Bank of India has issued a new circular to all the leading banks and financial institutions regarding the ban on the deposit of old notes in the existing small saving accounts which are mainly possessed by the students. The …

In a recent report from ANI, the cabinet has declared that account holders of current/cash/credit/overdraft accounts, which is active from the past 3 months can withdraw as much as Rs. 50,000 cash per week. The enhanced limitation will help the customer have time for withdrawal thus not lining up in queue leaving their daily chores at hold. However, the following benefit is …

The Apex court has taken an austere decision by asking (Supreme Court of India) Reserve Bank of India (RBI) to reveal the names of 57 people who are in debt and has to repay almost Rs. 85,000 Crore. According to a report by International Business Times the confidential list of debtors has to clear almost an amount of Rs. 500 …

In a recent event, recharge facilitator, as well as e-commerce company Paytm, is diverting its focus towards newly introduced service Payment Banks which might hold an Aadhar-based client authentication system so as to upgrade its digital wallet thus converting the future of bank transactions completely electronic. The respective measures will help the customers or say, its Payment Bank account holders …