How much notice does a Bank need to give before crystalizing inoperative FC denominated deposit with no fixed maturity period?
Crystallisation of inoperative foreign currency deposits – · In case of foreign currency denominated deposit with no fixed maturity period, if the deposit remains inoperative for a period of three years (debit of bank charges not to be reckoned as operation), the authorised bank shall, after giving a three month notice to the depositor at his last known address as available with it, convert the deposit from the foreign currency in which it is denominated to Indian Rupee at the end of the notice period at the prevailing exchange rate · In case a foreign currency denominated deposit with a fixed maturity date remains inoperative for a period of three years from the date of maturity of the deposit, at the end of the third year, the authorised bank shall convert the balances lying in the foreign currency denominated deposit into Indian Rupee at the exchange rate prevailing as on that date.
The Department of Animal Husbandry & Dairying, Ministry of Fisheries, Animal Husbandry, and Dairying (DAHD) has introduced the ‘Credit Guarantee Schem...
American private equity firm Carlyle will sell a ________ stake in e-commerce logistics company Delhivery which will fetch as much as ₹709.5 crore.
Which is not a type of External Commercial Borrowings (ECB)?
Recently the Netherlands and India have the 11th Foreign Office Consultations in which of the following places?
What was the projected growth in private sector capital expenditure (capex) according to the recent RBI study?
Recently Tata Steel unveils 7 mn pound green investment plan for which of the following European country?
Which Australian cricketer recently announced his retirement from One-day International (ODI) cricket, and which match marked his last appearance in the...
According to the Speedtest Global Index by Ookla,India’s median download speed increased 3.59 times after 5G was launched.What rank has India achieved...
Which of the following statements best describes the outcome of the 10th India-South Korea Joint Commission Meeting (JCM)?
The Securities and Exchange Board of India (SEBI) has opened the doors for asset management companies (AMCs) to become 'self-sponsored', while adding to...