Lakh vs Lac in cheque: RBI’s big name, if written wrong the cheque will be returned

Lakh vs Lac in cheque: RBI’s big name, if written wrong the cheque will be returned – Advertisement – Cheque Spelling rule: Many people get confused between ‘Lakh’ and ‘Lac’ when writing the amount on a Cheque. ‘Lakh’ is part of the Indian numbering system, and according to the RBI, ‘Lakh’ should officially be used. […]

RBI’s New Rule: Same-Day Cheque Clearance from October 4

– Advertisement – RBI : If you often deposit cheques in the bank, then this news has brought relief for you. Now the era is about to end when it used to take 2 to 3 days for the cheque to be cleared. The Reserve Bank of India (RBI) has announced a big change in […]

RBI’s Big Update on ₹2,000 Notes: What You Need to Know

2000 Rupee Notes – Advertisement – The Reserve Bank of India (RBI) on Friday gave a big update on the Rs 2,000 note. The Reserve Bank said that even after 2 years of being removed from circulation, notes worth Rs 6,017 crore are still in circulation. Two thousand rupee banknotes are still legal tender. RBI […]

RBI’s monetary policy committee meeting begins, interest rate hike expected

RBI’s monetary policy committee meeting begins, interest rate hike expected Reserve Bank of India: The three-day meeting of the Monetary Policy Committee (MPC), which decides the interest rate of the Reserve Bank of India (RBI), began on Monday. It is expected that in the first bi-monthly monetary review meeting of the current financial year, the […]