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Banks and payment gateways are seeking additional time to comply with the RBI directive on automatic recurring payment
You can open a basic savings account in a public sector or a private lender – deposit, withdraw or transfer money free of cost
While the reason behind the issue was not known immediately, the bank was looking into it
The RBI is slated to announce its first bi-monthly monetary policy of the 2021-22 fiscal on April 7, 2021 after a three-day meeting of the MPC headed by RBI Governor Shaktikanta Das
Regulator sets March 31 deadline for full compliance by companies "to avoid any disruption in the communication with customers"
Technology is transforming the way banking is done and bankers need to internalise this, says K V Kamath
Tata Motors has signed an MoU with State Bank of India which enables customers to avail loans in a hassle-free manner
Shaktikanta Das said upgradation of IT infrastructure and improving customer services together with cybersecurity measures are other key issues that also need attention from the banks
Deposit, withdrawal, cheque clearance, loan approvals and pensioners to be hit during this period
The deposits in post offices carry returns assured by the government and the rate of return is a shade higher than that offered by FDs in banks