RBI Simplifies FEMA Rules to Promote Indian Rupee in Global Trade
The Reserve Bank of India (RBI) has introduced changes to the Foreign Exchange Management Act (FEMA) to boost…
How the RBI is Managing the Rupee’s Stability in 2024
India is working hard to keep the rupee stable to protect its economy from global financial risks, according…
Are ₹5 Coins Going Out of Circulation? Facts vs. Rumors
Key Takeaways Key PointsDetailsTwo Types of ₹5 CoinsBrass coins and thick metal coinsThick ₹5 Coin DiscontinuedDue to higher…
RBI Raises Collateral-Free Loan Limit to Rs 2 Lakh for Farmers
Source The Reserve Bank of India (RBI) has announced an increase in the collateral-free loan limit for farmers from…
RBI Proposes New Credit Access via UPI for Small Finance Banks
The Reserve Bank of India (RBI) has proposed that small finance banks (SFBs) should be allowed to offer…
What Is The Meaning Of MCLR?
Ever wondered how banks and financial institutions decide the interest rate on funds for users? The RBI plays…
Section 80EE: Tax Deduction for Interest on Home Loan
When any financial institution avails loan on residential house property, they are obliged to pay interest over the…
RBI to Launch Affordable Cloud Services for Financial Firms in 2025
The Reserve Bank of India (RBI) is planning to launch a pilot project in 2025, which will provide…
How to Calculate Monthly Payment on a Loan?
Taking out a loan is a common solution for financing large purchases or managing unexpected expenses. Whether you’re…
What is Interest Rate and How to Calculate it?
Interest rates play a significant role in finance, and even if you haven’t taken a loan yourself, you’ve…