Tag: rbi

bank rules for torn currency notes exchange know how can avail the facility

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Torn Currency Note Exchange Process: The need for cash can arise anytime. That is why people withdraw money from banks and ATMs. Sometimes torn notes are also found in them. Sometimes notes kept in homes for a long time also get torn. When you go to a shop or anywhere else to buy something with such notes, you are not able to get the goods due to the torn notes. For this, it is necessary that you exchange your torn notes. Many people may not know that you can exchange…

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RBI: Where does the Reserve Bank keep hundreds of tons of gold? Is there a separate locker for this?

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The Reserve Bank of India has brought back more than 100 tons of gold from Britain to India. This gold will be kept in the Reserve Bank’s reserves. But do you know where the Reserve Bank of India keeps so much gold? Today we will tell you where India has kept the 100 tons of gold brought from Britain. Gold Let us tell you that more than half of the RBI’s gold reserves are kept safely abroad with the Bank of England and the Bank of International Settlements. About one-third…

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debit card fraud we will tell you how you can avoid debit card fraud

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You all must be aware of the debit card, the bank provides you a card for ATM and cashless transactions, which is known as debit card. When people want to buy something, they buy it using cash or the money in their bank account. In such a case, you have to use a debit card. When you make an online transaction, you have 2 options. The first option is Save Your Card and the second option is Generate One Time Password (OTP). You should always choose the OTP option while…

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Can a note be changed even if it has four pieces? this is the rule

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Most people tear notes by mistake. Many times, while withdrawing money from ATM, some notes get torn. Most people remain troubled by this. Many times people go to the market for shopping with torn notes but shopkeepers refuse to accept them. In such situations, people throw away these notes. If you also have a lot of torn notes, then do not throw them away considering them useless, now you can exchange these torn notes. Use of old torn notes If you find these torn notes If you want to change…

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Notes of many countries are printed in this printing press, know who protects it

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All the countries of the world have their own printing presses to print notes. But today we are going to tell you about a printing press located in England, where currencies of all the countries of the world are printed. Not only this, the name of this company is also registered in the London Stock Exchange. ‘De La Rue’ is the world’s largest currency printing company. The big company is ‘De La Rue’. Let us tell you that this is a British company. Its headquarters is in Basingstoke, England. Apart…

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What will happen if someone finds a Rs 1000 note now What could be jail

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Many times old notes of Rs 500 and Rs 1000 are still found in the house. The question is that if you have Rs 500, 1000 notes, can you go to jail? Today we will tell you what the punishment can be for keeping old notes. Punishment for keeping old notes The question is, what action can the government take against you for keeping old banned notes of Rs 500 and Rs 1000? According to the information, those keeping old notes more than the prescribed limit will not be punished…

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RBI Former Governor Raghuram Rajan On Unemployment in India PM Modi Government Congress UPA

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Raghuram Rajan On Unemployment: Other opposition parties including Congress are attacking the Modi government at the Center regarding unemployment. Meanwhile, former Governor of Reserve Bank of India (RBI) Raghuram Rajan has responded to the problem of lack of jobs. Raghuram Rajan said in a discussion on ‘Making India an advanced economy by 2047: What will be required for this’ at George Washington University in Washington that we have a problem of lack of jobs. Rajan has been critical of India spending billions of dollars on chip manufacturing. “Think about these…

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Reserve Bank of India Apart from issuing notes it plays an important role in these works of the country

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Most people know about the Reserve Bank of India (RBI). But it is also true that regarding RBI, people have only the image of currency and bank in their mind. Most people think that the job of RBI is only to issue money. But today we will tell you in which works RBI plays an important role in the country. Issuance of notes in the country In India, the responsibility of printing and issuing currency rests with the central bank i.e. Reserve Bank of India (RBI). Apart from this, RBI…

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April Bank Holidays 2024 Bank Closed for 14 days in coming month check here state wise Full List

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Bank Holidays 2024: The new financial year is going to start from April 1, 2024. Before this, the Reserve Bank of India has released the calendar regarding the bank holidays to be held in the month of April. Holidays related to festivals and other occasions occurring in different states have also been included in the bank holiday list. Besides, the weekly holidays of Saturday and Sunday in the month of April have also been included in it. Banks will remain closed for a total of 14 days in the month…

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Indian Currency: Can a common man buy paper for making notes of Rs 100-200 and Rs 500, is any license required for this also?

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All the countries in the world have their own currency. Every country has its own strict rules and regulations regarding these currencies. But many times you must have heard on social media and elsewhere that not everyone can print notes? The answer is no. Because printing currency notes of any country is legally wrong and is considered fraud. But today we will tell you who can buy the special paper from which notes are made. Indian Currency  Let us tell you that in India today Notes ranging from Rs 1…

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