Others Articles

My learnings from Rich Dad Poor Dad

Dhruv Nandani 13 September 2021 at 09:30

This blog is not meant to capture the facts discussed in the book - so if I tweak them slightly because I learnt something else from it, please don’t hold me for it. Also, your learnings may differ from mine

FEMA (Foreign Exchange Management Act, 1999) And RBI Compliances

Neha Rajan Redekar 10 September 2021 at 17:05

FEMA aims at facilitating external trade, payments and for promoting the orderly development and maintenance of foreign exchange markets in India.

Are you ready for a Credit Card?

Muskan Mudgil 09 September 2021 at 09:38

A credit card is a payment card issued by a bank or financial services company that allows cardholders to borrow funds from a pre-approved limit to pay for their purchases.

Neo Banks - A New Era in Banking

Poojitha Raam Vinay 08 September 2021 at 15:49

A new era in banking is where banking activities are done through a digitized mechanism. Neobanks are fintech firms, that is to say, digital banks without any physical branches.

KYC, Re-KYC, Misconceptions around KYC and Dormant Account

Shivaprasad Laxman Chhatre 06 September 2021 at 13:36

KYC is a mandatory process by which bank/s, FI/s obtain information about the identity and address of the customers to establish the legitimacy of a customer.

RBI to impose Penalty Rs.10,000 soon, for non-replenishment of ATMs with cash

CS Lalit Rajput 04 September 2021 at 09:31

The Reserve Bank of India will start imposing penalties on banks in case the ATMs remain out-of-cash for a total period of 10 hours in a month from October 1, 2021, onwards.

Will all eligible depositors of banks under directions, moratorium get an interim payment of Maximum of Rs. 5 lacs from DICGC in 90 days?

Shivaprasad Laxman Chhatre 03 September 2021 at 09:38

The amendment has been made to the DICGC Act,1961 to provide interim payments to depositors subject to certain provisions stipulated in the DICGC (Amendment) Act, 2001.