Rbi Monetary Policy

Rbi Monetary Policy News

RBI Expands UDGAM Portal To More Banks, Making It Easier For Public To Claim Unclaimed Deposits; Here Are The Details

ANI October 6, 2023 4:14 PM IST

RBI had launched the centralised web portal 'udgm UDGAM' on August 17, 2023 for the public to facilitate and make it easier for them to search their unclaimed deposits across multiple banks at one place. Given the increasing trend in the amount of unclaimed deposits, RBI said it has been undertaking public awareness campaigns from time to time to sensitise the public on the matter.

RBI Unveils New Facility To Empower Debit And Credit Card Users; Here's What You Should Know

Abhijeet Sen October 6, 2023 3:41 PM IST

The RBI has extended the card-on-file tokenisation or token creation facility at the level of the issuer bank. It was earlier available only through merchant applications or websites. This means that customers can now tokenise their cards directly with their banks instead of having to do so through a merchant. This will make the tokenisation process more convenient and secure for customers.

By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts Cookies Policy.