Fema / RBI
Log in to FollowRBI Circular Notification Press Release and Instructions issued by Reserve bank of India. News and Article on provisions, Rate changes, Policy changes and FAQ
DCCB Banks can pay existing customers in cash upto ₹ 24,000 a week
Cash withdrawal limit for Current Accounts Rs. 50000- Separate Slips- More ATMs
No charges on use of ATM between 10.11.2016 to 30.12.2016
No Change in ATM Cash withdrawal Limit from 19.11.2016
Promotion of payments through cards and digital means
Exemptions for acceptance of old Rs. 500 & 1000 notes to continue till 24.11.2016
Constitution of Task Force for enabling dispensation of new Banknotes
Cleaning Currency- A Surprising Swachh Bharat Abhiyaan!!
My View on Ban on old currency note
15 highlights of Currency Demonetization decisions taken by Govt
Latest RBI / FEMA News
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The RBI (Reserve Bank of India) is India’s Apex bank which governs the banking regulations in the country and controls all the monetary policies of the country. It began its operations 1st of April 1935 at the time of British Rule as per the provisions laid down in the Reserve Bank of India Act, 1934. After India’s independence on 15th August 1947, the Reserve Bank of India was nationalized on 1st January 1949.
Reserve Bank of India is an independent monetary authority that regulates banks and offers important financial services such as controlling inflation, maintaining foreign exchange reserves, and providing monetary policy report. It plays a significant role in developing strategies of the Indian Government.
The FEMA Act (Foreign Exchange Management Act) is an Act constituted by the Indian Parliament for consolidating and amending the law related to foreign exchange for facilitating the external trade and payments and also for encouraging orderly maintenance and development of foreign exchange market in the country. This act was passed in the year 1999 during the winter session which replaced the previous Foreign Exchange Regulation Act (FERA). The FEMA Regulations makes offenses with respect to foreign exchange civil offenses.This Act extends and is applicable for the entire nation. FEMA Act allowed a new regime for foreign exchange management that is consistent with the World Trade Organization’s emerging framework.
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