RBI’s authentication rules start from one line: every digital payment in India must be confirmed by “at least two distinct factors of authentication”. What changed in 2026 is how that is done. Since 1 April, RBI’s Authentication Directions let banks offer factors other than the SMS OTP. From 1 October, card issuers must also check…
A one-year Treasury bill now yields roughly what banks pay on FDs of more than a year. The 364-day bill’s cut-off yield at RBI’s 7 October auction, 6.2869%, falls inside the 6.00%–6.75% range RBI lists for term deposits of more than a year. Individuals can buy Treasury bills through RBI’s Retail Direct portal. At the…
Why would RBI tighten a rule that leaves the CRR rate at 3%? On 9 October 2026 it raised the daily minimum banks must keep from 90% of their CRR requirement to 99%, from the fortnight beginning 16 October. That sounds like a technical change, and partly it is. But it shows how RBI uses…
Meera, a teacher in Nagpur, found three subscriptions charged to her debit card on the same morning. She had forgotten about two of them. All three were mandates she had registered once and debited every month after that. RBI’s Digital Payments – E-mandate Framework, 2026, issued on 21 April 2026, collects every earlier rule on…
Twenty-three companies lost their NBFC registration in two RBI lists published on 9 October 2026. RBI cancelled the Certificate of Registration (CoR) of 13 companies on its own. Another 10 surrendered theirs, and RBI then cancelled those too. Most are small companies registered in Kolkata, Chennai and Delhi; many have held their CoR since 1998–2004….
“The bank has been directed not to allow withdrawal of any amount from savings bank or current accounts or any other account of a depositor.” RBI used that sentence in two press releases on 8 October 2026: one for The Tiruvalla Urban Co-operative Bank Ltd. in Pathanamthitta district of Kerala, the other for Sri Mahatma…
RBI moved on three fronts this week to steady the rupee and drain surplus cash. The RBI forex measures came on Saturday 10 October: two foreign-exchange circulars, one of which brings in a new 20% cash reserve on some hedging contracts. It also opened a dollar window for the three public-sector oil companies from Monday…
₹1,49,430 for 10 grams of 24-carat gold. That is IBJA’s Friday 9 October PM fix, and the latest benchmark you can use on Saturday. IBJA’s site says rates “are not published on Central Govt. Holidays & SAT/SUN”, so the next fix is due on Monday 12 October. If you’re checking the gold silver price today,…
From Monday 12 October, the most an SBI credit card can take off a non-mobile order on Amazon falls from ₹1,500 to ₹1,250. On mobiles it falls from ₹1,000 to ₹750. The Amazon Great Indian Festival 2026 opened to everyone at midnight on 8 October and is still running today, 10 October, and the SBI…
Most readers who write to us after a sale aren’t asking about the price they paid. They want to know where their cashback is. That question is worth settling before you check out in Big Billion Days 2026, which Flipkart opened to everyone on Friday 9 October. Instant discounts come off the bill straight away….