New RBI Rule – The Reserve Bank of India (RBI) has issued a new directive that will significantly impact loan borrowers and those paying EMIs across the country. This rule aims to increase transparency and protect consumers from hidden charges or unexpected hikes in their loan repayments. If you’re currently repaying a loan or planning … Read more
Bank Accounts Limit – In today’s digital age, having multiple bank accounts has become increasingly common. Whether for salary, savings, investments, or business needs, individuals often prefer to open multiple accounts in different banks. But is there a legal limit? What does the Reserve Bank of India (RBI) say about this? Here’s a complete and … Read more
New EMI Rules – In a major consumer-friendly move, the Reserve Bank of India (RBI) has rolled out new EMI regulations that have changed how late payments will be treated by banks and non-banking financial companies (NBFCs). Starting June 15, 2025, financial institutions are no longer allowed to charge penal interest on delayed EMI payments. … Read more
Banking System Changes – Starting June 1, 2025, several crucial banking rules are set to change, directly affecting millions of account holders across India. These regulatory updates, introduced by the Reserve Bank of India (RBI) and commercial banks, are expected to impact day-to-day banking operations, charges, and access to financial services. If you hold a … Read more
RBI Guidelines for Bank Lockers – The Reserve Bank of India (RBI) has issued a new set of guidelines to regulate bank locker services across the country. With increasing complaints and legal concerns, the new rules aim to make the locker system more transparent, secure, and customer-friendly. One of the key highlights is the compensation … Read more
New RBI Rules – The Reserve Bank of India (RBI) has issued new guidelines regarding the exchange of damaged, mutilated, or torn currency notes. This move comes as a relief for people holding unfit currency, offering them more clarity and access to get their money replaced without facing harassment or confusion. If you’ve been holding … Read more
New Banking Rule – Starting May 30, 2025, Indian banking customers will see major updates in the way they use ATMs, UPI apps, and cheque facilities. These changes have been introduced as part of the Reserve Bank of India’s (RBI) latest initiative to enhance transaction security and streamline daily banking processes. With new withdrawal limits, … Read more
Cheque Bounce Rules – The Reserve Bank of India (RBI) and Indian courts have introduced stricter rules and clearer enforcement mechanisms for cheque bounce cases starting in 2025. These reforms aim to curb the rising number of dishonoured cheques and streamline the legal process for both individuals and businesses. This article provides a full breakdown … Read more
Repo Rate : In a major relief for borrowers across India, the Reserve Bank of India (RBI) has announced a significant cut in the repo rate, making home loans, car loans, and other EMIs cheaper starting this month. This move is aimed at boosting consumption, increasing liquidity, and giving the economy a fresh push amid global … Read more
RBI New Rules : In a major relief for Indian borrowers, the Reserve Bank of India (RBI) has introduced six new rules aimed at safeguarding your credit history and protecting your CIBIL score from unfair damage. These reforms are especially important for people who rely on personal loans, credit cards, and EMI-based purchases. With increasing … Read more