RBI Rules That Changed Everyday Banking

Simran

RBI simplified KYC norms, enabling faster account opening through video verification nationwide process.

Two-factor authentication mandate made digital payments safer, reducing fraud across banks and apps.

Cheque clearing became quicker as RBI pushed technology-driven settlement systems for customers nationwide.

ATM fee rules and transparent charges forced banks to clearly disclose customer costs.

Revised nomination guidelines helped families receive deposits faster during emotionally difficult times periods.

Read More Stories!