RBI has issued the Master Circular for dealing with the Fake/Counterfeit Currency notes at Banks. Reserve Bank of India(RBI) has instructed all the Banks in India that they should not return the fake currency notes to the tenderer or destroy them at the bank branches / treasuries. The notes identified as counterfeit should be kept… Read More »
As per Reserve Bank of India (RBI) master circular Aadhar is accepted as Officially Valid Document for Bank KYC Process and further RBI has accepted Aadhar as valid documents under e-KYC service for KYC verification for opening bank account in India. RBI through Master Circular DBOD.AML.BC. No. 24/14.01.001/ 2013-14 dated July 1, 2013 on Know Your Customer… Read More »
NATURE RATE OF INTEREST# MINIMUM BALANCE* NORMAL SENIOR CITIZEN Metro Urban Semi Urban Rural ACCOUNT 1. Savings Bank A/c A. Domestic 4.00 % 4.00 % a. With cheque book facility – – Rs.10,000 Rs.10,000 Rs.5,000 Rs.2,000 b. Without cheque book facility – – Not available Not available Not available Not available c. No Frills… Read More »