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RBI releases draft guidelines for customer liability in case of fraudulent transactions

BE/RBI/15/2016 RBI has clarified through its draft guidelines, that a customer will not be responsible for frauds occurred in any online transaction, from his/her account outside their control.  Any delay however, from the customer’s end in reporting the fraud within a period of 4 to 7 days about the fraud, would make the customer to

RBI releases draft guidelines for customer liability in case of fraudulent transactions

BE/RBI/15/2016 RBI has clarified through its draft guidelines, that a customer will not be responsible for frauds occurred in any online transaction, from his/her account outside their control.  Any delay however, from the customer’s end in reporting the fraud within a period of 4 to 7 days about the fraud, would make the customer to

RBI makes certification necessary for bank employees involved in specialised jobs

BE/RBI/13/2016 Specialized jobs in Banking relate to very sensitive desks and control the economy in a great way.  RBI has now come out with a latest notification that Bank Employees who work in the specialized areas viz Treasury, Risk Management, Accounting etc., will be required to undergo specialized training programs and thus get themselves certified

RBI makes certification necessary for bank employees involved in specialised jobs

BE/RBI/13/2016 Specialized jobs in Banking relate to very sensitive desks and control the economy in a great way.  RBI has now come out with a latest notification that Bank Employees who work in the specialized areas viz Treasury, Risk Management, Accounting etc., will be required to undergo specialized training programs and thus get themselves certified

RBI EASES NORMS IN CHEQUE DISHONOUR CASES OF Rs. 1 CRORE AND ABOVE

BE/RBI/13/2016 – Issuing a cheque book, leading to return of the instrument, due to insufficient balance is a criminal offence as per RBI guidelines.  The current guideline reads that banks are not allowed to issue fresh cheque books in the event of cheque dishonor valuing Rs 1 crore and above on four occasions during a

RBI EASES NORMS IN CHEQUE DISHONOUR CASES OF Rs. 1 CRORE AND ABOVE

BE/RBI/13/2016 – Issuing a cheque book, leading to return of the instrument, due to insufficient balance is a criminal offence as per RBI guidelines.  The current guideline reads that banks are not allowed to issue fresh cheque books in the event of cheque dishonor valuing Rs 1 crore and above on four occasions during a

Sovereign Gold Bond Scheme 2016 -17 – Series I to open on July 18

BE/RBI/2/2016 – The Reserve Bank of India, on behalf of Government of India, has decided to issue fourth tranche of Sovereign Gold Bonds. Its salient features are as under: Applications for the bond will be accepted from July 18, 2016 to July 22, 2016. The Bonds will be issued on August 5, 2016. The Bonds

Sovereign Gold Bond Scheme 2016 -17 – Series I to open on July 18

BE/RBI/2/2016 – The Reserve Bank of India, on behalf of Government of India, has decided to issue fourth tranche of Sovereign Gold Bonds. Its salient features are as under: Applications for the bond will be accepted from July 18, 2016 to July 22, 2016. The Bonds will be issued on August 5, 2016. The Bonds

PRADHAN MANTRI SNEH BANDHAN YOJANA

In terms of Government guidelines, two schemes of Govt. of India were announced viz., i) Pradhan Mantri Suraksha Bima Yojana (PMSBY) and ii) Pradhan Mantri Jeewan Jyoti Bima Yojana (PMJJBY). These schemes will be available at all the times. (i) Gift for Composite insurance under PMSBY and PMJJBY:- For One time premium payment (Amount in

PRADHAN MANTRI SNEH BANDHAN YOJANA

In terms of Government guidelines, two schemes of Govt. of India were announced viz., i) Pradhan Mantri Suraksha Bima Yojana (PMSBY) and ii) Pradhan Mantri Jeewan Jyoti Bima Yojana (PMJJBY). These schemes will be available at all the times. (i) Gift for Composite insurance under PMSBY and PMJJBY:- For One time premium payment (Amount in