Tag Archives: RBI

New Delhi: In a bid to speed up small value online transactions, the RBI today relaxed norms for 2-factor authentication for payments up to Rs. 2,000. Relaxing the norms for 2-factor authentication requirement for transactions up to Rs. 2,000 for online CNP (card not present) transactions, the RBI said only ...

Features of Rs. 2000 Colour: magenta Series is a part of the Mahatma Gandhi (New) series, with a design of India’s Mars orbiter, the Mangalyaan on the reverse. Size: 66mm x 166mm. See through register where the numeral 2,000 can be seen when note is held against light. Latent image of ...

Press Release With a view to curbing financing of terrorism through the proceeds of FakeIndian Currency Notes (FICN) and use of such funds for subversive activities suchas espionage, smuggling of arms, drugs and other contrabands into India, and for eliminating Black Money which casts a long shadow of parallel economy ...

NEW DELHI: The Reserve Bank of India will issue new notes for Rs. 500 and Rs. 2000. Prime Minister Narendra Modi in his address to the nation on Tuesday said that the notes will be circulated soon, RBI has decided to limit the notes with higher value. The Prime Minister announced ...

PM Narendra Modi today launched three gold related schemes and the country’s first ever gold coin namely Gold Monetisation Scheme (GMS), Sovereign Gold Bonds and Gold Coin and Bullion Scheme. The main objective behind this launch is to curb the increasing demands of the physical availability of gold in household. ...

News: Indian business sentiment fell close to the lows of 2014 in August, a Deutsche Boerse survey said adding there is “strong possibility” that the RBI will go for a rate cut before the September 29 policy meet. As per the report, Indian businesses were less confident about the business environment in ...

News: Successive Reserve Bank of India chiefs have faced bigger challenges than the government meddling in their affairs, poor quality data with which they have to call interest rates, and a research infrastructure that falls short of need. The Columbia University alumnus, Prachi Mishra is on a mission to bring ...