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What is section 7 of the RBI Act?

Wednesday, October 31, 2018, 7:29 PM

In an unprecedented move, the government has reportedly invoked Section 7 of the Reserve Bank of India Act. According to Section 7 of the RBI Act the central government is empowered to issue directions it considers necessary for public interest to the central bank from time to time after consultation with the RBI governor.
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What are prepaid payment instruments?

Wednesday, October 24, 2018, 6:48 PM

Prepaid payment instruments are methods that facilitate purchase of goods and services against value stored on such instruments. The value stored on such instruments represents the value paid for by the holder, by cash, by debit to a bank account, or by credit card. Prepaid instruments can be issued as smart cards, magnetic stripe cards, and any such instruments used to access prepaid amount.
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What you need to know about Mobile Insurance?

Wednesday, October 17, 2018, 6:37 PM

Mobiles have become integral and inseparable part of our lives today. Mobile Insurance is a specialist insurance policy that covers the cost of replacing or repairing your phone if it is lost, damaged, or stolen. Mobile phone policies usually have a lower excess than most other contents insurance policies. They also include extra cover like: Accidental damage.

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