Post by: Renu Suresh in Banking Import - Export
Electronic Bank Realization Certificate (e-BRC) Electronic Bank Realization Certificate (e-BRC) is an essential digital certificate for those in the export business. A bank issues it as confirmation that the exporter has received payment from the buyer against the export of…
Post by: Renu Suresh in Banking Business Startup Registration
Foreign Contribution (Regulation) Amendment Rules, 2022 (FCRA Rules 2022) The Central Government vides a Notification No. GSR 506(E) dated 01.07.2022 introduced the Foreign Contribution (Regulation) Amendment Rules, 2022 to further amend the Foreign Contribution (Regulation) Rules, 2011. Any gift or…
Post by: Renu Suresh in Banking Business Startup Registration
2022 Extension of FCRA Registration Certificate Validity The Ministry of Home Affairs (MHA) has vide Public Notice No.II/21022/23 (22)/2020-FCRA-III dated 22.06.2022 announced the Extension of FCRA Registration Certificate Validity, for NGOs whose renewal applications are pending or whose validity is…
Post by: Renu Suresh in Banking Business Registration
Extension of New Agriculture Marketing Infrastructure Scheme The Government of India has extended the Agricultural Marketing Infrastructure (AMI) sub-scheme of the Scheme of Integrated Scheme for Agricultural Marketing (ISAM) up to 30 September 2022. The New AMI Sub-Scheme of ISAM…
Post by: Renu Suresh in Banking MSME
Modified Norms of Interest Equalization Scheme for MSME Exporters The Reserve Bank of India (RBI) has extended the interest equalization scheme for pre and post-shipment rupee credit for MSME exporters till March 2024, intending to boost outbound shipments. RBI, on…
Post by: Renu Suresh in Banking Business Startup
SIDBI’s Term Loan to Enhance Production of MSMEs (STEP) Scheme To facilitate the flow of credit to the Ministry of Micro, Small, and Medium Enterprises for meeting working capital requirements, the Small Industrial Development Bank of India (SIDBI) has recently…
Post by: Shubham atkari in Banking
How to open a Demat account? A Demat account functions similarly to a bank account. The only difference is that Demat holds the securities, which might be in the form of shares, bonds, or debentures, rather than money in the…
Post by: Renu Suresh in Banking
RBI Retail Direct Scheme The Reserve Bank of India announces the activation of the RBI Retail Direct Scheme with effect from 12th November 2021. The Scheme was launched in virtual mode by the Hon’ble Prime Minister, Shri Narendra Modi. Reserve…
Post by: Renu Suresh in Banking
Integrated Ombudsman Scheme, 2021 The Reserve Bank - Integrated Ombudsman Scheme, 2021 was launched on November 12, 2021, in virtual mode by Hon’ble Prime Minister Shri Narendra Modi. The key objective of this scheme is to further improve the grievance…
Post by: Renu Suresh in Banking
RBI Guidelines on Opening of Current Account - 2021 To strengthen the credit discipline, vide circular no. RBI/2021-22/116 dated 29th October 2021, the Reserve Bank of India has reviewed and revised the instruction on the opening of the Current Account…