After the new rule introduced by “Reserve Bank of India” for the online credit card transactions in India from 1st August, many companies are asking for a “Credit Card Authorization Form”. What is this? How this form is authorized? Is it authorized by bank or VISA / Mastercard?
I would like to have a systematic answer.
this is necessary as per guidelines of tax and reserve bank of india
In 2008 reserve bank of india issued a guideline for the reschedulement of accounts but more than 2 years have passed and our banked has not followed the guidelines for reschedulement inspite of our continuous reminders, what to be done?
One company named Seashore securities is operating in Orissa at Bhubaneswar. It is paying good interest on money invested. Does the Reserve Bank of India guarantee on the public money, if at any time the company closes operation and flees?
Secondly, I also want to know if, I take a loan against a fixed deposit and I am not able to repay it, at the maturity date, I shall have a liability towards bank.
As far as basic logic says, bank did not lend any money to me and what I have is a part of my deposit.Why should bank ask for more money from me then?
Any pointer links to Reserve bank of India with norms for these conditions shall be helpful.
Reserve Bank of India put ban on sahara to collect the deposits from people. Then Sahara gave details that theeir financial position is strong and hence they can collect the deposits from persons. What is the latest status ? Does Sahara continue to collect the money from people ?