Bank Of India Deposits
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RBI to Introduce Pilot for Deposit Tokenisation Using CBDC Layer: Report
The Reserve Bank of India is set to begin a pilot for deposit tokenisation, leveraging the wholesale CBDC as its base. The initiative will test blockchain-based deposits for improved speed, security, and transparency in regulated financial markets. Officials also plan to explore tokenising money market instruments, including commercial papers, as p...
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India's Household Savings To Generate USD 9.5 Trillion Inflows: Goldman Sachs
India's household savings are expected to generate cumulative inflows of around USD 9.5 trillion into financial assets over the next ten years, according to a report by Goldman Sachs.
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No More 2-Day Wait, RBI's New Rules To Ensure Cheque Clearance Within Hours
Bank customers will no longer have to wait two working days for cheque deposits to clear. Starting October 4, the Reserve Bank of India (RBI) will implement a faster settlement system promising funds in only a few hours.
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Banks To Clear Cheques Within Few Hours From October 4: RBI
The RBI will introduce a new mechanism from October 4 for clearance of cheques within hours of being presented to banks, reducing the current time period of up to two working days.
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Gold Sold, Deposits Broken: Gujarat Doctor Loses 19 Crores To 'Digital Arrest'
A senior woman doctor in Gujarat's Gandhinagar was kept under 'digital arrest' for over three months, forced to break fixed deposits, take loans, and blackmailed into paying more than Rs 19 crore to fraudsters, police have found
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Unclaimed Deposits With Banks Stand At Rs 67,003 Crore: Minister
Unclaimed deposits with banks, including private lenders, stood at Rs 67,003 crore at the end of June 2025, Parliament was informed on Monday.
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Buildings, Land, Homes Across Cities: Telangana Ex-Chief Engineer's Asset List
The staggering scale of disproportionate assets allegedly accumulated by a former engineer-in-chief of the Telangana Irrigation Department has come out in the open following raids at 11 locations, including his Banjara Hills residence in Hyderabad.
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India, US, China Record Lower Swiss Bank Deposits Over 10 Years
Deposits of Indian customers in Swiss banks have declined by around 18 per cent over the past decade, according to the latest figures released by the Swiss National Bank.
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RBI Allows Minors Over 10 Years To Open Bank Accounts Independently
The Reserve Bank of India (RBI) is now allowing minors aged 10 years and above to open and operate savings and term deposit accounts independently.
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RBI Imposes Restrictions On New India Co-operative Bank, Customers Unable to Withdraw Funds
The Reserve Bank of India has taken this step to protect the interests of the customers, citing concerns about the bank's financial condition.
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3 Days After Big Order On Deposits With SBI And PNB, Karnataka Hits Pause
The Karnataka government has paused its order suspending all transactions with the Central government-run State Bank of India (SBI) and Punjab National Bank (PNB) just three days after it was issued.
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India 2nd Only To US In Number Of Banks Covered By Deposit Insurance: RBI
India's Deposit Insurance and Credit Guarantee Corporation (DICGC) has extended coverage to 1,997 banks comprising 140 commercial banks and 1,857 cooperative banks.
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2.08% Of Rs 2000 Notes, Valued Rs 7,409 Crore, Still To Be Returned: RBI
About 2.08 per cent or Rs 7,409 crore of the withdrawn Rs 2,000 banknotes have not yet been returned to the RBI, about ten months after the deadline to deposit or exchange them at bank branches were over.
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Deposits Still Most Preferred Instrument Of Saving In India: RBI Article
Deposits are still the most preferred instrument of saving in India although market-based instruments are gaining share, said an article published in the Reserve Bank's July Bulletin.
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Rs 37 Crore Deposits, Cash Seized In Raids Against Mumbai-Based Ponzi Company
Bank and demat account deposits apart from cash worth about Rs 37 crore has been seized by the Enforcement Directorate (ED) as part of a money laundering probe against a Mumbai-based financial consultant and his company.
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RBI to Introduce Pilot for Deposit Tokenisation Using CBDC Layer: Report
The Reserve Bank of India is set to begin a pilot for deposit tokenisation, leveraging the wholesale CBDC as its base. The initiative will test blockchain-based deposits for improved speed, security, and transparency in regulated financial markets. Officials also plan to explore tokenising money market instruments, including commercial papers, as p...
-
India's Household Savings To Generate USD 9.5 Trillion Inflows: Goldman Sachs
India's household savings are expected to generate cumulative inflows of around USD 9.5 trillion into financial assets over the next ten years, according to a report by Goldman Sachs.
-
No More 2-Day Wait, RBI's New Rules To Ensure Cheque Clearance Within Hours
Bank customers will no longer have to wait two working days for cheque deposits to clear. Starting October 4, the Reserve Bank of India (RBI) will implement a faster settlement system promising funds in only a few hours.
-
Banks To Clear Cheques Within Few Hours From October 4: RBI
The RBI will introduce a new mechanism from October 4 for clearance of cheques within hours of being presented to banks, reducing the current time period of up to two working days.
-
Gold Sold, Deposits Broken: Gujarat Doctor Loses 19 Crores To 'Digital Arrest'
A senior woman doctor in Gujarat's Gandhinagar was kept under 'digital arrest' for over three months, forced to break fixed deposits, take loans, and blackmailed into paying more than Rs 19 crore to fraudsters, police have found
-
Unclaimed Deposits With Banks Stand At Rs 67,003 Crore: Minister
Unclaimed deposits with banks, including private lenders, stood at Rs 67,003 crore at the end of June 2025, Parliament was informed on Monday.
-
Buildings, Land, Homes Across Cities: Telangana Ex-Chief Engineer's Asset List
The staggering scale of disproportionate assets allegedly accumulated by a former engineer-in-chief of the Telangana Irrigation Department has come out in the open following raids at 11 locations, including his Banjara Hills residence in Hyderabad.
-
India, US, China Record Lower Swiss Bank Deposits Over 10 Years
Deposits of Indian customers in Swiss banks have declined by around 18 per cent over the past decade, according to the latest figures released by the Swiss National Bank.
-
RBI Allows Minors Over 10 Years To Open Bank Accounts Independently
The Reserve Bank of India (RBI) is now allowing minors aged 10 years and above to open and operate savings and term deposit accounts independently.
-
RBI Imposes Restrictions On New India Co-operative Bank, Customers Unable to Withdraw Funds
The Reserve Bank of India has taken this step to protect the interests of the customers, citing concerns about the bank's financial condition.
-
3 Days After Big Order On Deposits With SBI And PNB, Karnataka Hits Pause
The Karnataka government has paused its order suspending all transactions with the Central government-run State Bank of India (SBI) and Punjab National Bank (PNB) just three days after it was issued.
-
India 2nd Only To US In Number Of Banks Covered By Deposit Insurance: RBI
India's Deposit Insurance and Credit Guarantee Corporation (DICGC) has extended coverage to 1,997 banks comprising 140 commercial banks and 1,857 cooperative banks.
-
2.08% Of Rs 2000 Notes, Valued Rs 7,409 Crore, Still To Be Returned: RBI
About 2.08 per cent or Rs 7,409 crore of the withdrawn Rs 2,000 banknotes have not yet been returned to the RBI, about ten months after the deadline to deposit or exchange them at bank branches were over.
-
Deposits Still Most Preferred Instrument Of Saving In India: RBI Article
Deposits are still the most preferred instrument of saving in India although market-based instruments are gaining share, said an article published in the Reserve Bank's July Bulletin.
-
Rs 37 Crore Deposits, Cash Seized In Raids Against Mumbai-Based Ponzi Company
Bank and demat account deposits apart from cash worth about Rs 37 crore has been seized by the Enforcement Directorate (ED) as part of a money laundering probe against a Mumbai-based financial consultant and his company.
