ASSOCHAM (The Associated Chambers of Commerce and Industry of India)’s Post

98% of ₹2000 banknotes have been successfully returned to the RBI! However, ₹6920 crore worth (2%) is still with our incredible citizens. Let’s ensure every note is accounted for. Deposit/exchange to strengthen India’s financial ecosystem! 💪 #CleanNotePolicy #RBI #2000Notes #IndiaProgress #FinancialResponsibility Reserve Bank of India (RBI)

RBI Plans Major Upgrade! The Reserve Bank of India is set to revamp its currency management systems over the next 5 years, ensuring better cash flow and storage solutions. A move in line with India's evolving economy! . . #InvestmentManagement #FinancialAdvice #CorporateConsulting #WealthBuilding #FuturePlanning #ClientSuccess #AhmedabadFinance #GlobalFinance #TrustedAdvisors #FinancialGrowth #GuidingYou #InvestmentExcellence #HandInHandSuccess #BuildingFutures #FinanceWithCare #MarketTrends #RBIUpdates #InformedDecisions #EconomicInsights #FinancialStability #RBIPolicy

🔓 RBI Lifts Restrictions on JM Financial! 📈 The Reserve Bank of India has removed restrictions on JM Financial, allowing them to finance against shares and debentures once again. This move is expected to enhance liquidity and support capital market activities. #RBI #JMFinancial #FinancialNews #CapitalMarkets #Investment #Liquidity #StockMarket #MarketUpdate #Finance #EconomicGrowth

The Reserve Bank of India (RBI) (https://buff.ly/2Vi6LRl) has announced new rules for Domestic Money Transfers (DMT), wh - New Post: RBI introduces new domestic money transfer rules from Nov 1. https://buff.ly/3YV6jte #marketnewsviews #domesticmoneytransfer #rbi #rbiregulations

The Reserve Bank of India's new bulk deposit threshold of Rs 3 crore eases operational challenges for high-value depositors. Vivek Ramji Iyer, Partner, Financial Services - Risk, #GTBharat, explains how this move benefits high net worth individual senior citizens and allows banks to better service large deposits.   Know more about this in the News18 India article: https://brnw.ch/21wKDHo #HNI #RBI #FinancialServices 

Ever wondered what to do if you end up with a torn note or a note that is mutilated? See the quick explainer below to understand what your rights are and how you can get some value out of such notes. 👇🏾👇🏾👇🏾👇🏾

Have you ever wondered how to exchange your mutilated notes? Check out this video for an overview of the Reserve Bank of India (Note Refund) Rules, 2009. To understand more about this process, please visit the RBI website at https://lnkd.in/dGh9x6tG #RBI #NoteRefundRules #FinancialAwareness #rbitoday

Crisp Informative Video by Reserve Bank of India (RBI) on The Reserve Bank of India (Note Refund) Rules, 2009 👉How to exchange your mutilated notes? 👉Check out this video for an overview of the Reserve Bank of India (Note Refund) Rules, 2009 👉To understand more about this process,please visit the RBI website at https://lnkd.in/dGh9x6tG #Personalfinance #Fianancialwareness #mutilatednotesexchange #RBI

The changes, however, can be summarised as given below. According to the amendments, the notes can be refunded, as per the following criteria, based upon the denominations: 1.Less than Rs 20: One should have more than 50% of the note (single undivided piece) to get the full refund. 2.Rs 50 or above: One should have more than 80% of the note (single undivided piece) to get the full refund. If one has more than 40% and less or up to 80% (single undivided piece), he/she will get half of the value of note.

RBI Cuts CRR to Boost Liquidity The Reserve Bank of India (RBI)'s Monetary Policy Committee (MPC) announced a 50 bps cut in the Cash Reserve Ratio (CRR), bringing it back to 4%, the level before April 2022’s policy tightening. The cut will happen in two tranches on December 14 and December 28, 2024, releasing ₹1.16 lakh crore into the banking system. The repo rate remains unchanged at 6.5% for the 11th time, with a 4:2 decision by the MPC. Governor Shaktikanta Das highlighted the balance between price stability and economic growth, acknowledging recent GDP slowdown concerns. Following the announcement, banking stocks turned green, with Nifty PSU Bank up 1% and top gainers including Canara Bank, Union Bank of India , and Bank of Baroda. This marks Governor Das’s last policy speech of his term. #RBI #MonetaryPolicy #CRR #BankingUpdates #Economy