RBI announces SGB 2021-2022

Subscription for the Series Bonds may be made in the prescribed application form stating clearly the grams (in units) of gold and the full name and address of the applicant.

Revised Fee structure for IFSC Banking Units

The fees payable for the period 1st October 2020 to 31st March 2021 and financial year 2021-22 shall be paid by the BUs within one month of this circular. From next financial year onwards, the annual fee shall be payable within 30 days from the beginning of financial year.

IFSCA notifies guidelines on issuance of Certificate of Deposits.

The Banking units may issue CDs to persons resident in India and persons resident outside India as defined in the Foreign Exchange Management Act,1999.Qualified Individual (‘QI’) or Qualified Resident Individual (‘QRI’)shall not be applicable for investment in CDs.