Earning in dollars? New FEMA rules from October 1: How freelancers and YouTubers need to file EDF declaration with banks
- From 1 October, a new RBI rule changes reporting for service exporters receiving overseas payments
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RBI rules▲ +50% net tone today
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RBI consolidates existing guidelines on credit facilities for SC/ST borrowers
- RBI issued a Master Circular consolidating existing guidelines on bank credit facilities for SC/ST borrowers
- The guidelines cover lending and loan processing
- Banks must follow consolidated credit guidance for SC/ST borrowers
New rules for ATMs, UPI, NPS, and LPG: 5 big October 2026 money changes to impact your finances and banking
- New financial rules take effect from October 1; UPI MDR charges begin October 15 for certain transactions
- Payment rule changes may affect UPI providers, banks and SBI Cards
RBI allows one-time approval for eligible funds’ repeat bank stake acquisitions up to 10%
- Eligible mutual funds, insurers and pension funds can seek one-time approval for subsequent acquisitions up to 10%
- Prior approval remains mandatory for the initial acquisition
- Simpler stake-building rules may aid demand for Indian bank shares, including Bank of India
