Tag Archives: Deposits

What to Check before depositing your money in any Scheme ?

1. Which entities are authorised to raise deposits from public? The entities authorised to accept deposits are given in the table as below: Sr. No. Category Regulator Additional Comments 1 Commercial and Cooperative Banks Reserve Bank of India (RBI) All Commercial and Co-operative Banks are entitled to accept deposits 2 Non-Banking Finance Companies (NBFCs) RBI… Read More »

Deposits regulations between resident in India & outside India

RBI/2015-16/390 A.P. (DIR Series) Circular No. 67/2015-16 [(1)/5(R)] May 05, 2016 To All Category – I Authorised Dealers and Authorised Banks Madam/Sir Foreign Exchange Management (Deposit) Regulations, 2016 Attention of Authorised Dealers (ADs) is invited to (a) A.D. (M.A. Series) Circular No. 11 dated May 16, 2000 in terms of which ADs were advised of… Read More »