UDGAM portal is RBI’s centralized online platform to search unclaimed bank deposits across multiple banks that have been inactive for 10 years or more and transferred to RBI’s Depositor Education and Awareness ( DEA) Fund.
UDGAM Portal: Check Unclaimed Bank Deposits Online (RBI Guide) Read More »
Discover the essentials of Know Your Customer (KYC) in India’s banking sector. This comprehensive guide delves into the significance of KYC, its evolution, types, required documentation, and the latest RBI guidelines aimed at simplifying the process. Understand how KYC safeguards the financial system against fraud and money laundering and learn about the challenges and future outlook of KYC in India.
What is KYC in Indian Banking? Read More »
The Reserve Bank of India has decided to withdraw Rs 2000 Notes from circulation vide its press release 2023-2024/257. RBI has advised banks to stop issuing Rs 2000 denomination banknotes with immediate effect, In Pursuance of the Clean Note Policy.
Impact of Rs.2000 Denomination Notes from Circulation Read More »