Important RBI rules for credit cards
Bank can't charge joining fee if customer has not activated their credit card
CC should be automatically closed if not used for more than a year
Rs 100 compensation per day for delay in closure of credit cards
The Reserve Bank of India (RBI) has launched "RBI Unlocked: Beyond the Rupee," a five-part documentary series on JioHotstar. Produced by Chalkboard Entertainment, the series commemorates RBI's 90-year history, aiming to educate the public on its dive
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Rajan Paswan
Honorary Mentions - ...ย โขย 1y
RBI governor confident of 7.2% GDP growth in FY25
โWe are confident about 7.2 percent growth in the current financial year. Of course in any projection, in any forecast, there would be always risks to the upside and downside.,โ Das stated.
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Atharva Deshmukh
Daily Learnings...ย โขย 1y
Brief History of RBI
The Reserve Bank of India (RBI) was established on April 1, 1935, based on the Hilton Young Commission's recommendations and the Reserve Bank of India Act, 1934.
Initially, the RBI took over the functions of the Controller of
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Rohan Saha
Founder - Burn Inves...ย โขย 1m
India's inflation rate has now come down to 3.16% year-on-year, which is roughly in line with expectations. Now, the key question is whether the RBI will opt for a rate cut in its next meeting or not.