Reserve bank of India

Did you know that the first ATM machine in India was set up by HSBC in Mumbai in 1987?

Frequently book movie tickets online through a mobile app or a website? Find out why RBI has just labelled that extra ‘internet handling fee’ as illegal! #ConsumerRights

If you forcefully try to remove the card while mistakenly thinking it got stuck in the ATM slot, the damage to the card might not just be extensive but possibly permanent.

To protect consumers from fraudulent transactions, the Reserve Bank of India has mandated that mobile wallet users will be provided with the same safety as given to regular credit or debit card users.

Since the demonetisation announcement in November 2016, the apex bank has introduced new notes of Rs 200 and Rs 2000 as well as of Rs 10, 50, 100 and 500.

Many had complained of receiving soiled notes, but the banks refused to exchange them, stating that they did not have permission from the Reserve Bank of India (RBI) to do so.

Interestingly, WhatsApp’s India team will be its first full country team outside the US.

There are many instances about the high-handed and illegal behaviour of recovery agents, who were trying to recover amounts on behalf of banks.

From GDP growth to bank frauds, the RBI report offers some long-awaited insights into the state of India's finances. Let us know what you think!

Here’s what you can do to avoid any possibility of card fraud, which is on the rise.