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Home Personal Finance RBI’s new website and mobile app launched, know complete details

RBI’s new website and mobile app launched, know complete details

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RBI Action: RBI canceled the registration certificate of 2 NBFCs, know the reasonTwo separate notices were issued to the bank, asking it to explain its reasons. After considering the bank's replies to the notices, additional submissions made by it and oral submissions made during the personal hearing, RBI found that the allegations against SBM Bank (India) were substantiated and warranted imposition of monetary penalty. The bank also carried out some transactions under the liberalised remittance scheme despite RBI's directive to stop such transactions with immediate effect. However, RBI said that the penalty is based on deficiencies in regulatory compliance and is not intended to affect the validity of any transaction or agreement entered into by the bank with its customers.

The new mobile application of Reserve Bank of India can be downloaded by Android users through Play Store and iOS users through App Store.

Mumbai: Reserve Bank of India has launched its new website on Friday. Along with this, RBI has also started a mobile application. RBI Governor Shashikanta Das launched the new website and mobile application. Users can access the new website using the URL https://website.rbi.org.in.

The new mobile application of Reserve Bank of India can be downloaded by Android users through Play Store and iOS users through App Store. Along with the new website, the existing website (https://rbi.org.in) will also be available simultaneously for some time, so that the users do not face any inconvenience.

Facility to deposit cash through UPI soon

On the other hand, RBI will soon provide the facility to deposit money in cash deposit machines through UPI. It has also been proposed to provide facility to prepaid payment instruments card holders to make UPI payments through third party UPI apps like bank account holders.

Presenting the first bi-monthly monetary policy review of the current financial year, RBI Governor Shaktikanta Das said, “Given the experience gained from card-less cash withdrawals using UPI at ATMs, it is now being decided to allow cash deposit machines (CMMs) using UPI. It is also proposed to provide the facility of depositing money in CDM).

At present, debit cards are mainly used to deposit money in cash deposit machines.

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