Entrance Exams
Govt. Exams
PMJDY accounts are eligible for an overdraft facility up to ₹10,000 after maintaining the account properly.
The minimum opening balance for Sukanya Samriddhi Account is ₹1,000 as per 2024 guidelines.
RBI has a dedicated regulatory framework for NBFCs, with stricter norms for Si-NBFCs to maintain systemic stability.
The Digital Payment Index measures and monitors the progress of digital payments in the country across various segments.
Housing Finance Companies are regulated NBFIs that provide financing for housing but are not classified as banks.
As of 2024, the SLR is set at 19.5% of Net Demand and Time Liabilities (NDTL).
The Urjit Patel Committee (2014) reviewed the monetary policy framework and recommended an inflation-targeting approach.
The RBI Governor's tenure is 6 years or until age 65, whichever is earlier.
The Payment and Settlement Systems Act, 2007 provides the legal framework for regulating payment systems in India.
NEFT stands for National Electronic Fund Transfer, a system for electronic transfer of funds between banks in India.