Reserve Bank of India (RBI) vide notification / Circular No. RBI/2020-21/66 A.P. (DIR Series) Circular No. 05 dated 13th November, 2020, has published Discontinuation of Returns/ Reports under Foreign Exchange Management Act, 1999 ” in exercise of the powers conferred under sections Section 10(4) and 11(2) of the Foreign Exchange Management Act, 1999 (42 of […]
The Reserve Bank of India (RBI) has released Statement on Developmental and Regulatory Policies dated 06th August, 2020 on account of various developmental and regulatory policy measures to enhance liquidity support for financial markets and other stakeholders; further easing of financial stress caused by COVID-19 disruptions. Payment and Settlement Systems 1. Scheme of Offline Retail […]
RESERVE BANK OF INDIA (RBI), vide notification dated 05th May, 2020 has issued 10 important FAQ’s on Cash Withdrawal Facility at Point of Sale (PoS) Terminals. 1. Which types of cards are allowed for withdrawing cash at PoS terminals? Ans. Under the facility of cash withdrawal at PoS terminals, cardholders can withdraw cash using their debit […]
RESERVE BANK OF INDIA (RBI) vide RBI/2019 -20/228 and DOR.BP.BC.No.68 /21.04.018/ 2019-20 dated 29th April, 2020 has extended the timelines for Submission of regulatory returns. In order to mitigate the difficulties in timely submission of various regulatory returns, in view of disruptions on account of COVID-19 pandemic. The circular was issued to: All Scheduled Commercial […]
