Reserve Bank of India
Don’t Get Caught Off Guard! Banks Closed for 12 Days in May — See Full Calendar Now
Plan your banking activities efficiently with our comprehensive guide to bank holidays in May 2025 across India. Stay informed about national and state-specific closures, stock market shutdowns, and online banking tips to avoid any financial disruptions.
Is ₹500 Note Being Phased Out? RBI Tells Banks to Stock ₹100 & ₹200 Notes!
The Reserve Bank of India (RBI) has clarified that the ₹500 note remains legal tender, dispelling rumors of its discontinuation. The RBI's recent directive focuses on enhancing the availability of ₹100 and ₹200 notes through ATMs to facilitate daily transactions, especially for small-value purchases. This move aims to improve public access to commonly used denominations without phasing out the ₹500 note.
Home and Auto Loans Could Get Cheaper Soon – RBI May Cut Repo Rate by 1.5%!
A potential 1.5% repo rate cut by the RBI could make home and auto loans significantly cheaper. This article explores how such a rate reduction would impact borrowers, offering practical advice on refinancing, securing better loan terms, monitoring reset dates, and understanding economic implications including fixed deposit returns.
