Smart and Easy Cheque Printing Software
RBI has issued a press released on 21st November 2014 in which it has cautioned customers against fraudsters issuing credit card in the banking regulator’s name and duping people. The banking regulator said the consumer is sent a credit card that allows withdrawal of money up to a certain limit, typically a small sum, from […]
The RBI has issued a notification in which it has allowed banks to levy penalty charges for non-maintenance of minimum balance in savings bank account but the banks shall also adhere to the additional guidelines given in Annex (given above). These guidelines come into effect from April 1, 2015. The issued notification has been given […]
The Reserve Bank said bank accounts will not become inoperative if a dividend cheque has been credited in it in the previous two years. “Since dividend on shares is credited to savings bank accounts as per the mandate of the customer, the same should be treated as a customer induced transaction. “As such, the account should […]