Payment of Agency Commission on pension accounts – RBI Circular on 21.1.2016

Payment of Agency Commission on pension accounts – RBI Circular on 21.1.2016 Reserve Bank Of India RBI/2015-16/294 DGBA.GAD.No.2278/31.12.2010/2015-16 January 21,2016 The Chairman & Managing Director/ The Chief Executive Officer All Agency Banks Dear Sir/Madam Payment of Agency Commission on pension accounts As you may be aware, agency banks are being compensated at Rs.65 per transaction … Read more

RBI denies Message on Currency Notes circulating on Social Media

RBI denies Message on Currency Notes circulating on Social Media The Reserve Bank of India has today denied having issued a communication circulating on social media alerting members of public that banks will not accept currency notes with scribbling on them from January 1, 2016. The Reserve Bank has reiterated that all currency notes issued … Read more

Every 2nd and 4th Saturday of every month as public holiday for banks in India with effect from 1st September, 2015

Every 2nd and 4th Saturday of every month as public holiday for banks in India with effect from 1st September, 2015 Ministry of Finance issued orders and necessary gazette notifications regarding declaring every 2nd and 4th Saturday of every month as public holiday for banks in India with effect from 1st September, 2015 F.No.4/1/7/2015-IR Government … Read more