RBI Holds Repo Rate at 6.5%, Balancing Economic Growth and Inflation Concerns
The Reserve Bank of India (RBI) has decided to maintain the repo rate at 6.5% for the eighth consecutive time, aiming to strike a balance between...
MAS team | 08 June 2024
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Exchanging Soiled, Mutilated or Defective Currency Notes in India: A Comprehensive Guide
In India, individuals have the option to exchange their soiled, mutilated, or defective currency notes at any bank across the country. However, the...
MAS Team | 15 May 2024
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SEBI's New Rules: 'On Hold' KYC Status and Its Implications for Mutual Fund Investors
Recent data from KYC registration entities (KRAs) reveals that approximately 1.3 crore mutual fund accounts are currently 'on hold' due to incomplete...
MAS Team | 02 May 2024
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Key Financial Changes Coming in May: What You Need to Know
As we approach May, there are several significant changes on the horizon that will impact individuals, especially mutual fund investors and banking...
MAS Team | 30 April 2024
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RBI Imposes Restrictions on Shirpur Merchants' Co-operative Bank; Deposit Insurance Coverage Explained
The recent directive from the Reserve Bank of India (RBI) has left customers of Shirpur Merchants' Co-operative Bank in Maharashtra unable to access...
MAS Team | 15 April 2024
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RBI's Scrutiny on Credit Card Usage for Rent and Tuition Fees
The Reserve Bank of India (RBI) has turned its focus towards the usage of credit cards for payments like rent and tuition fees, expressing concerns...
MAS Team | 15 April 2024
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RBI's Comprehensive Measures for Safe Digital Banking
Digital banking has revolutionized financial transactions, but it has also brought along a surge in frauds.
MAS Team | 22 March 2024
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Understanding the Impact of Identity Theft on Credit Scores
Imagine the repercussions if your identity were to fall into the wrong hands and be misused. The consequences could be more severe than one might...
MAS Team | 22 March 2024
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Understanding and Preventing Money Mule Scams in Digital Transactions
In today's digital era, transferring funds between bank accounts has become incredibly convenient, taking just a few minutes.
MAS Team | 22 March 2024
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RBI Enhances Credit Card User Control with New Billing Cycle Amendments
Credit card users have gained greater control over their financial management, thanks to recent amendments introduced by the Reserve Bank of India...
MAS Team | 20 March 2024
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NPCI Urges Banks to Enhance Security Measures for Aadhaar-enabled Payment System (AePS)
The National Payments Corporation of India (NPCI) has taken proactive steps to address the growing concerns surrounding security breaches in...
MAS Team | 01 March 2024
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RBI-MAS Collaboration Expands UPI Cross-Border Remittances: Enhanced Convenience for Users
In a collaborative effort between the Reserve Bank of India (RBI) and the Monetary Authority of Singapore (MAS), significant strides have been made...
MAS Team | 12 January 2024
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NPCI Raises UPI Transaction Limits for Hospitals and Education
In a bid to accommodate the growing ticket size in the healthcare and education sectors, the National Payments Corporation of India (NPCI) has...
MAS Team | 04 January 2024
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Beware of the Surge in Instant Loan Scams: Safeguard Your Finances with These Tips
In the era of digital financial transactions and instant loan applications, the ease of access has unfortunately given rise to a concerning surge in...
MAS Team | 04 January 2024
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IMF Reclassifies India's Exchange Rate Regime Amid Disagreements
The International Monetary Fund (IMF) has made a significant reclassification of India's exchange rate regime, shifting it from
MAS Team | 20 December 2023
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Bank of India Unveils Nari Shakti Savings Account for Women Empowerment
Bank of India has introduced an innovative savings account,
MAS Team | 11 December 2023
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NPCI Bharat BillPay Integrates SBI Card for Effortless Credit Card Bill Payments
In a significant development, NPCI Bharat BillPay (NBBL), a wholly-owned subsidiary of the National Payments Corporation of India (NPCI), has...
MAS Team | 07 December 2023
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QR Code Scams Surge, Posing Threats to Digital Payments
The proliferation of QR code scams is emerging as a major concern in the rapidly expanding digital payment landscape. Scammers are capitalizing on...
MAS Team | 07 December 2023
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RBI Mandates Enhanced Consumer Notifications for Credit Information Access
The Reserve Bank of India (RBI) has issued directives to Credit Information Companies (CICs) to elevate customer communication standards. The primary...
MAS Team | 28 November 2023
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Revolutionary Changes in Money Transfers: Send up to Rs5 Lakh via IMPS Using Just a Mobile Number
Money transfers have transformed with the advent of online banking in India. What was once a cumbersome visit to the bank can now be achieved with a...
MAS Team | 20 October 2023
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