They will also need to ensure timely KYC updates at regular intervals, as directed under the RBI’s KYC norms. The new rules will enable a minor of any age to be able to set up and operate a savings or ...

Mumbai: New rules pertaining to minors' deposit accounts have been published by the Reserve Bank of India (RBI ... must perform customer due diligence (KYC) and Continue to keep a close eye ...

Hyderabad: Thousands of people marched down the lanes leading to Darussalam in Old City on Saturday evening, denouncing the ...

The RBI also addressed industry issues, including interchange fees on transactions over UPI, ease of KYC requirements, and PPIs receiving Direct Benefit Transfers (DBT), acknowledging that ...

The Reserve Bank of India (RBI) often tweaks the repo rate to influence lending costs, but if you're wondering why your loan EMI hasn't dropped even after a rate cut, you're not alone. Many ...

On the Indian financial markets, the RBI governor said all market segments including FX, G-sec, Money Markets, have largely remained stable. While the rupee came under a bit of pressure a few ...

The Reserve Bank of India (RBI) has revised its guidelines for opening and operating bank accounts for minors — children below 18 years of age. The new framework gives more flexibility to banks ...

Despite India’s sunny climate, vitamin D deficiency is extremely common among Indian children. Studies have shown that more than half of Indian children and adolescents have low levels of ...

Sambhal: Posters bearing "Free Gaza, Free Palestine" messages were found pasted on the walls of shops in the Narauli town of this Uttar Pradesh district, prompting a police investigation.

The Digital Rupee, officially known as Central Bank Digital Currency (CBDC), is a digital version of India’s physical currency issued by the Reserve Bank of India (RBI). It is a legal tender, has the ...