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Business Compliance

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Business Compliance

238 articles
RTGS payment controls: the ₹2 lakh floor, charge ceilings and 30-minute beneficiary-credit clock

RTGS payment controls: the ₹2 lakh floor, charge ceilings and 30-minute beneficiary-credit clock

RBI’s RTGS guidance sets a ₹2 lakh minimum, outward charge ceilings by amount and a beneficiary-credit clock starting from receipt of the transfer message. Verify the account details, actual bank tariff and confirmation rather than treating a debit as proof of credit.

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Cheque Deposit Acknowledgements: RBI Counter Access, Drop-Box Choice and Instrument Reconciliation

Cheque Deposit Acknowledgements: RBI Counter Access, Drop-Box Choice and Instrument Reconciliation

RBI requires both drop-box and counter acknowledgement facilities at covered commercial banks. Customers cannot be compelled to use the box. Preserve cheque-level submission evidence, box-opening counts and the separate clearing trail; acknowledgement is not proof of realisation.

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Commercial-Bank Prepayment Charges in 2026: Floating-Rate Individual and MSE Loans, Renewal Dates

Commercial-Bank Prepayment Charges in 2026: Floating-Rate Individual and MSE Loans, Renewal Dates and Fee Bases

For covered commercial-bank loans sanctioned or renewed from 1 January 2026, RBI bars prepayment charges on specified floating-rate individual and MSE loans. Check lender category, purpose and rate status; other permitted charges need a disclosed policy and the correct prepaid-amount base.

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RBI Locker Break-Open Procedure: Three Years’ Unpaid Rent Versus Seven Years’ Inoperation

RBI Locker Break-Open Procedure: Three Years’ Unpaid Rent Versus Seven Years’ Inoperation

RBI’s commercial-bank directions distinguish three consecutive years of unpaid locker rent from seven years of inoperation where the hirer cannot be located. Both routes require the prescribed notices, witnesses, inventory and custody controls; neither permits automatic appropriation of the contents.

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Stale Cheques and Drafts: RBI’s Three-Month Rule and a Treasury Revalidation Register

Stale Cheques and Drafts: RBI’s Three-Month Rule and a Treasury Revalidation Register

RBI prohibits payment of specified instruments presented beyond three months from their date. Track the instrument date separately from receipt and deposit dates, avoid a blanket ninety-day shortcut, and reconcile replacements without recognising the same receipt twice.

By Team assureOffice