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The Standardized Test of English Proficiency (STEP) is an English language certification exam for Indian students and job-seekers. This test will help students, institutions and employers access and improve reading, writing, listening and speaking skills. The STEP uses the latest testing techniques and advanced technologies to deliver a practical, engaging and reliable test. Our smart […]

Group of Digital Transformation and Process Reengineering Committee

Council Affairs/M-626/2016 28th December, 2016 ALL MEMBERS OF THE COUNCIL Madam/Dear Sir, The President, in terms of the authority given to him by the Council at its 351st meeting held on 12th February, 2016, has constituted a Group of Digital Transformation and Process Reengineering Committee with the following members:- Sanjay Kumar Agarwal, (Convenor) Anil S. […]

Introduction of Interest Rate Options in India

RBI/2016-17/199 FMRD.DIRD.12/14.01.011/2016-17 December 29, 2016 To All eligible market participants Dear Sir/Madam Introduction of Interest Rate Options in India As announced in the fourth bi-monthly Monetary Policy Statement 2016-17, it has been decided to introduce Interest Rate Options in India. 2. The Reserve Bank of India has accordingly issued a Notification No. FMRD.DIRD. 11/2016 dated December […]

White Label ATM Operators (WLAOs) – Sourcing of cash from retail outlets

RBI/2016-17/202 DPSS.CO.PD. No.1621/02.10.002/2016-17 December 30, 2016 The Chairman and Managing Director / Chief Executive Officers All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks / Authorised ATM Network Operators /Card Payment Network Operators/ White Label ATM Operators Dear Madam/ Sir, White Label ATM Operators (WLAOs) […]

Special measures to incentivise Electronic Payments – Extension of time

RBI/2016-17/203 DPSS.CO.PD.No.1669/02.14.006/2016-2017 December 30, 2016 All Prepaid Payment Instrument Issuers System Providers, System Participants and all other Prospective Prepaid Payment Instrument Issuers Dear Madam/ Sir, Special measures to incentivise Electronic Payments – Extension of time A reference is invited to circular DPSS.CO.PD.No.1288/02.14.006/2016-17 dated November 22, 2016 advising enhancements in the limits of semi-closed PPIs    [….] Notification : https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=10806&Mode=0

RBI relaxes ATM withdrawal limit to Rs 4500 from Rs 2500 per day

Cash withdrawal from ATMs – Enhancement of daily limits RBI/2016-17/204 DCM (Plg) No. 2142/10.27.00/2016-17 December 30, 2016 The Chairman / Managing Director/ Chief Executive Officer, Public Sector Banks/ Private Sector Banks / Foreign Banks/ Regional Rural Banks / Urban Cooperative Banks/ State Cooperative Banks District central Cooperative Banks Dear Sir, Cash withdrawal from ATMs – […]