RBI Withdraws Restriction on Deposits Above Rs 5000, Triggers More Confusion

Reserve Bank of India (RBI) withdrew the restriction on deposits above Rs 5000 in old notes and came up with a new rule that stated that for KYC compliant users the limit will no longer be applied. Yesterday, RBI came…

ATM Recalibration Has Started, and It Could Be Distressing For Many

Recalibration of Automated Teller Machines (ATMs) all across the country has started, there are almost 2.5 Lakhs ATMs in the country. These ATMs would be physically recalibrated, which is going to be a painful process for many people, in search…