Sentences with phrase «rbi guidelines»

The forum directed the bank «to refund the complainant an amount of Rs 1.5 lakh with interest as applicable on FDR account as per RBI guidelines» as it had failed to produce any proposal form purportedly signed by the complainant.

Several public sector banks have shown their reluctance in adopting this model because of the existing RBI guidelines and also because they have entered into an exclusive tie - up with one insurance company.

As per the RBI guideline, banks now do not charge any pre-payment penalty for foreclosure of the loan.

Not exact matches

RBI has taken cognisance of the space and is framing the relevant guidelines.

Waiting for your clarification whether banks are justified in charging conversion fees, when there is no guidelines from RBI?

Dear Rayadurg, I could not find RBI's guidelines on minimum or maximum switch fee that a bank / lender can charge..

The main reason for all this is RBI, being regulator, has not given any guidelines / instructions while introducing MCLR system, regaridng conversion fees.

As per RBI's guidelines, the nominees in the case of bank accounts, mutual funds and other investments also need not be the automatic, sole beneficiaries.

In a new set a guidelines aimed at improving transmission of policy rates to end customers, RBI has issued a new formula to price lending rates known as «marginal cost of funds based lending rates» or MCLR which will replace the base rate.

The much - awaited Reserve Bank of India (RBI) guidelines on calculating the benchmark lending rate are finally out.

RBI has yet to release the guidelines for P2PL platforms, so its better to wait before venturing into them.

The Insurance Regulatory and Development Authority of India (Irdai) has allowed insurers to be part of the Joint Lenders» Forum (JLF), formed under Reserve Bank of India (RBI) guidelines for loan accounts that could turn non-performing assets (NPAs).

Chargeback allows transactions to be reversed by you under specified circumstances such as, on account of (i) alleged forgery of the card number / bank account or other details (ii) any charge / debit made on a card that has been listed as a hot listed card or otherwise listed on the card association (Visa, MasterCard, etc.) warning bulletins (iii) duplicate processing of the transaction; or (iv) for other reasons as per applicable rules and guidelines issued by RBI, card Associations, your card / payment instrument issuing bank etc..

In December 2014, the Insurance Regulatory and Development Authority (IRDA) issued guidelines applicable to group insurance policies and schemes executed by institutions acting as group organizers or master policyholders — the scheduled commercial banks regulated by the Reserve Bank of India (RBI), NBFCs with certificate of registration from RBI, and National Housing Bank (NHB)- regulated housing finance companies.

On 15th January 2015, the Reserve Bank of India (RBI) had issued final guidelines and notification on entry of Banks as Insurance Brokers.

Bitcoin does not come under the ambit of currency, legal tender or foreign exchange and the RBI hasn't come up with guidelines on this yet, except for the warning it issued in December 2013.

- The RBI should issue guidelines regarding investment in and purchase of bitcoins and other cryptocurrencies.