Reserve Bank of India – Press Releases

[ad_1]

Read More/Less


In terms of GoI notification F.No.4(4)-B(W&M)/2020 and RBI circular IDMD.CDD.No.730/14.04.050/2020-21, dated October 09, 2020, the Sovereign Gold Bond Scheme 2020-21 – Series X will be open for subscription for the period from January 11, 2021 to January 15, 2021. The nominal value of the bond based on the simple average closing price [published by the India Bullion and Jewellers Association Ltd (IBJA)] for gold of 999 purity of the last three business days of the week preceding the subscription period, i.e. January 06 – 08, 2021 works out to ₹5,104/- (Rupees five thousand one hundred and four only) per gram of gold.

Government of India, in consultation with the Reserve Bank of India, has decided to offer a discount of ₹50/- per gram less than the nominal value to those investors applying online and the payment against the application is made through digital mode. For such investors, the issue price of Gold Bond will be ₹5,054/- (Rupees five thousand and fifty four only) per gram of gold.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2020-2021/917

[ad_2]

CLICK HERE TO APPLY

Reserve Bank of India – Press Releases

[ad_1]

Read More/Less


The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period October 26 – October 29, 2020.

All Figures are in USD Millions
Position Date MERCHANT INTER BANK
FCY / INR FCY / FCY FCY / INR FCY / FCY
Spot Forward Forward
Cancel
Spot Forward Forward
Cancel
Spot Swap Forward Spot Swap Forward
Purchase
26-10-2020 3,528 877 631 184 215 125 6,683 6,168 130 2,798 1,432 146
27-10-2020 4,718 1,587 1,542 259 337 673 8,365 7,176 712 3,749 2,412 176
28-10-2020 4,008 1,245 654 352 260 164 9,482 8,072 832 2,853 2,751 194
29-10-2020 3,711 2,055 964 238 326 223 9,685 7,686 502 3,682 2,972 214
Sales
26-10-2020 2,020 1,388 632 185 214 125 6,412 6,256 562 2,784 1,572 146
27-10-2020 3,339 1,667 1,518 271 269 666 8,331 7,372 517 3,793 2,473 176
28-10-2020 3,425 1,143 706 375 266 164 9,918 9,206 608 2,801 2,772 194
29-10-2020 3,650 1,384 1,522 243 327 223 9,006 9,013 927 3,653 3,010 214
(Provisional Data)

Ajit Prasad
Director   

Press Release: 2020-2021/916

[ad_2]

CLICK HERE TO APPLY

Reserve Bank of India – Tenders

[ad_1]

Read More/Less


1. Tenders by e- tendering process are invited from the vendors empanelled at its Bhubaneswar Office for the “Annual Maintenance Service Contract (AMSC) for Electrical Work in Bank’s Three Residential Colonies at Bhubaneswar”. The tender will be applicable for initial period of 1-year w.e.f. April 01, 2021 to March 31, 2022. However, the contract can be extended for further period of two years (one year at a time) subject to satisfactory performance of the successful bidder and adherence to contractual obligations by the service provider. 1.(a) Interested tenderers may like to go through the entire tender document before taking part in the tendering process. The tenderers may obtain for themselves on their own responsibility and at their own expenses all the information which may be necessary for the purpose of making tender and for entering into a contract and acquaint themselves with all local conditions, means of access to the work, nature of the work and all matters pertaining thereto. 2. All pre-Qualification documents shall be uploaded with Techno-commercial bid (Part-I) on MSTC portal. Those who do not upload the Pre-qualification documents would not be considered for this tender process. Further, the contractor should submit the original of the documents to the Bank when demanded to qualify for further tendering process. 2.(a) Registration Certificate – Shram Svuidha portal The tenderers are required to upload the copies of EPF/ESIC registration Certificates issued on Shram Suvidha Portal. 2.(b) Proof of submission of EPF/ESIC The tenderers are required to upload at least 2 months of ECR & Combined challan for EPF and Challan for ESIC to the Bank along with their tender. 3. Interested tenderers have to upload applicable documents satisfying all the points as stated above along with techno-commercial (Part-I) bid of tender. The same Eligibility documents should be uploaded with Techno Commercial Bid (Part-I) on the MSTC portal. 4. Tenders form will be available for downloading w.e.f January 08, 2021 from 6:00 pm. A pre-bid meeting will be held on February 05, 2021 at 11:00 am in the Estate Department, RBI Bhubaneswar.

Tender form can be downloaded for viewing from RBI website www.rbi.org.in or www.mstcecommerce.com/eprochome/rbi. The applicable pre-Qualification papers should be uploaded with Techno Commercial Bid (Part-I) on the MSTC portal.

5. Interested vendors/firms can participate in e – Tender after getting registration with www.mstcecommerce.com/eprocurement/rbi). Online Part I – Techno-Commercial Bid and Part II – Price Bid shall be opened through www.mstcecommerce.com/eprocurement/rbi and applicable transaction charges have to be paid by the firm. 6. Tender in prescribed format shall be uploaded on MSTC website. Part-I of tender will contain the Bank’s standard technical and commercial conditions for the proposed work & tenderers’ covering letter.

The EMD of ₹15,260/- should be submitted by each successful bidder through NEFT transfer to A/C No-186004001, Reserve Bank of India, IFSC Code-RBIS0BBPA01, Branch Name – Bhubaneswar Or by a demand draft issued by a Scheduled Bank in favor of ‘Reserve Bank of India, Bhubaneswar’ Or in the form of an irrevocable bank guarantee issued by a scheduled bank in the Bank’s standard proforma which is available in the tender-form along with pre-Qualification documents.

7. The schedule of the tender is as follows: Activity Tentative date a) e -Tender no. RBI/Bhubaneswar/Estate/288/20-21/ET/399 b) Mode of Tender e- Procurement System
(Online Part I – Techno-Commercial Bid
and Part II – Price Bid through www.mstcecommerce.com/eprochome/rbi) c) Estimated Cost ₹7,63,000/- (for each colony) d) Date of download of NIT from RBI website (www.rbi.org.in) and MSTC portal for the applicants January 08, 2021 @ 6:00 pm onwards e) Date & time for start of Off-line Pre-bid meeting February 05, 2021 @ 11:00 am f) Earnest Money Deposit ₹15,260/- (2% of Estimated cost) (only for successful bidder) g) Tender Fees Nil h) Transaction Fee

Please note that the vendors will have the access to online e-tender only after payment of transaction fees online.

Payment of Transaction fee through MSTC Gateway/NEFT/RTGS in favor of MSTC Limited, as advised by M/s MSTC Ltd. i) Last date of submission of EMD in the Estate Department of RBI, Bhubaneswar 10 days from the date of issue of work order j) Start Bid date – Date of Starting of e- Tender for submission of online Techno- Commercial Bid and Price Bid at www.mstcecommerce.com/eprochome/rbi February 06, 2021 @ 02:00 pm k) Close Bid date – Date of closing of online e – tender for submission of Techno- Commercial Bid & Price Bid February 15, 2021 @ 02:00 pm l) Part I Bid opening date February 15, 2021 @ 03:00 pm m) Part II Bid opening date Shall be informed separately to parties 8. The Bank is not bound to accept the lowest tender and reserves the right to accept either in full or in part of any tender. The Bank also reserves the right to reject all the tenders without assigning any reason thereof.

[ad_2]

CLICK HERE TO APPLY

Reserve Bank of India – Press Releases

[ad_1]

Read More/Less


The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period October 19 – October 23, 2020.

All Figures are in USD Millions
Position Date MERCHANT INTER BANK
FCY / INR FCY / FCY FCY / INR FCY / FCY
Spot Forward Forward
Cancel
Spot Forward Forward
Cancel
Spot Swap Forward Spot Swap Forward
Purchase
19-10-2020 2,693 1,345 238 161 56 42 4,835 6,360 443 2,366 1,125 171
20-10-2020 3,292 680 536 189 73 29 7,220 7,742 669 2,437 1,471 74
21-10-2020 2,701 1,287 704 263 104 94 9,219 7,033 453 3,438 1,523 99
22-10-2020 3,076 788 376 245 68 84 7,193 6,645 111 3,368 1,471 111
23-10-2020 3,019 741 348 139 81 58 7,866 5,241 235 2,751 1,322 106
Sales
19-10-2020 2,720 770 727 160 51 42 4,666 6,769 708 2,363 1,168 172
20-10-2020 2,268 561 284 189 52 29 9,135 7,227 799 2,422 1,469 74
21-10-2020 2,502 567 472 263 103 95 9,639 7,070 871 3,447 1,542 99
22-10-2020 2,509 628 295 243 61 84 6,716 6,574 212 3,372 1,496 111
23-10-2020 2,387 620 437 139 74 58 8,241 6,787 291 2,746 1,339 106
(Provisional Data)

Ajit Prasad
Director   

Press Release: 2020-2021/915

[ad_2]

CLICK HERE TO APPLY

Reserve Bank of India – Press Releases

[ad_1]

Read More/Less


The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period October 12 – October 16, 2020.

All Figures are in USD Millions
Position
Date
MERCHANT INTER BANK
FCY / INR FCY / FCY FCY / INR FCY / FCY
Spot Forward Forward
Cancel
Spot Forward Forward
Cancel
Spot Swap Forward Spot Swap Forward
Purchase
12-10-2020 2,466 557 283 57 95 50 4,891 1,887 413 2,090 454 27
13-10-2020 4,834 457 977 194 35 28 8,440 8,676 1,045 3,272 1,381 114
14-10-2020 2,589 516 195 136 83 29 6,084 6,929 345 2,229 856 70
15-10-2020 3,486 564 243 308 77 36 8,011 5,657 264 2,600 1,035 79
16-10-2020 2,907 464 198 144 69 95 6,421 5,205 315 2,599 880 42
Sales
12-10-2020 1,393 1,120 147 58 84 50 5,921 1,818 67 2,090 454 28
13-10-2020 3,582 808 215 195 37 29 9,251 8,942 1,291 3,273 1,415 114
14-10-2020 2,334 435 257 143 81 29 5,920 7,984 672 2,238 853 70
15-10-2020 2,295 725 265 307 66 36 8,589 5,672 147 2,642 1,059 78
16-10-2020 2,591 568 271 146 73 98 6,878 5,826 89 2,591 869 42
(Provisional Data)

Ajit Prasad
Director   

Press Release: 2020-2021/914

[ad_2]

CLICK HERE TO APPLY

Reserve Bank of India – Tenders

[ad_1]

Read More/Less


1. Tenders by e- tendering process are invited from the vendors empanelled at its Bhubaneswar Office for the “Annual Maintenance Contract for Operation & Upkeep of DG Sets and Maintenance work of Electrical equipments in Bank’s Main Office Premises”. The tender will be applicable for initial period of 1-year w.e.f. April 01, 2021 to March 31, 2022. However, the contract can be extended for further period of two years (one year at a time) subject to satisfactory performance of the successful bidder and adherence to contractual obligations by the service provider. 1.(a) Interested tenderers may like to go through the entire tender document before taking part in the tendering process. The tenderers may obtain for themselves on their own responsibility and at their own expenses all the information which may be necessary for the purpose of making tender and for entering into a contract and acquaint themselves with all local conditions, means of access to the work, nature of the work and all matters pertaining thereto. 2. All pre-Qualification documents shall be uploaded with Techno-commercial bid (Part-I) on MSTC portal. Those who do not upload the Pre-qualification documents would not be considered for this tender process. Further, the contractor should submit the original of the documents to the Bank when demanded to qualify for further tendering process. 2.(a) Registration Certificate – Shram Svuidha portal The tenderers are required to upload the copies of EPF/ESIC registration Certificates issued on Shram Suvidha Portal. 2.(b) Proof of submission of EPF/ESIC The tenderers are required to upload at least 2 months of ECR & Combined challan for EPF and Challan for ESIC to the Bank along with their tender. 3. Interested tenderers have to upload applicable documents satisfying all the points as stated above along with techno-commercial (Part-I) bid of tender. The same Eligibility documents and the scanned copy of EMD should be uploaded with Techno Commercial Bid (Part-I) on the MSTC portal. 4. Tenders form will be available for downloading w.e.f January 08, 2021 from 6:00 pm. A pre-bid meeting will be held on February 05, 2021 at 02:00 pm in the Estate Department, RBI Bhubaneswar.

Tender form can be downloaded for viewing from RBI website www.rbi.org.in or www.mstcecommerce.com/eprochome/rbi. The applicable pre-Qualification papers should be uploaded with Techno Commercial Bid (Part-I) on the MSTC portal.

5. Interested vendors/firms can participate in e – Tender after getting registration with www.mstcecommerce.com/eprocurement/rbi). Online Part I – Techno-Commercial Bid and Part II – Price Bid shall be opened through www.mstcecommerce.com/eprocurement/rbi and applicable transaction charges have to be paid by the firm. 6. Tender in prescribed format shall be uploaded on MSTC website. Part-I of tender will contain the Bank’s standard technical and commercial conditions for the proposed work & tenderers’ covering letter.

The EMD of ₹45,780/- should be submitted through NEFT transfer to A/C No-186004001, Reserve Bank of India, IFSC Code-RBIS0BBPA01, Branch Name – Bhubaneswar Or by a demand draft issued by a Scheduled Bank in favor of ‘Reserve Bank of India, Bhubaneswar’ Or in the form of an irrevocable bank guarantee issued by a scheduled bank in the Bank’s standard proforma which is available in the tender-form along with pre-Qualification documents. The documents pertaining to EMD should be scanned and uploaded with the pre- Qualification documents. No tender will be accepted without EMD.

7. The schedule of the tender is as follows: Activity Tentative date a) e -Tender no. RBI/Bhubaneswar/Estate/299/20-21/ET/415 b) Mode of Tender e- Procurement System
(Online Part I – Techno-Commercial Bid and Part II – Price Bid through www.mstcecommerce.com/eprochome/rbi) c) Estimated Cost ₹22,89,000/- d) Date of download of NIT from RBI website (www.rbi.org.in) and MSTC portal for the applicants January 08, 2021 @ 6:00 pm onwards e) Date & time for start of Off-line Pre-bid meeting February 05, 2021 @ 02:00 pm f) Earnest Money Deposit ₹45,780/- (2% of Estimated cost) g) Tender Fees Nil h) Transaction Fee

Please note that the vendors will have the access to online e-tender only after payment of transaction fees online.

Payment of Transaction fee through MSTC Gateway/NEFT/RTGS in favor of MSTC Limited, as advised by M/s MSTC Ltd. i) Last date of submission of EMD in the Estate Department of RBI, Bhubaneswar February 15, 2021 @ 02:00 pm j) Start Bid date – Date of Starting of e- Tender for submission of online Techno- Commercial Bid and Price Bid at www.mstcecommerce.com/eprochome/rbi February 06, 2021 @ 02:00 pm k) Close Bid date – Date of closing of online e – tender for submission of Techno- Commercial Bid & Price Bid February 15, 2021 @ 02:00 pm l) Part I Bid opening date February 15, 2021 @ 04:00 pm m) Part II Bid opening date Shall be informed separately to parties 8. The Bank is not bound to accept the lowest tender and reserves the right to accept either in full or in part of any tender. The Bank also reserves the right to reject all the tenders without assigning any reason thereof.

[ad_2]

CLICK HERE TO APPLY

RBI to restore normal liquidity management operations in a phased manner

[ad_1]

Read More/Less


The Reserve Bank of India (RBI), on Friday, said it will conduct a Variable Rate Reverse Repo auction of 14-day tenor, aggregating ₹2-lakh crore, on January 15, as part of its decision to restore normal liquidity management operations in a phased manner.

Through this auction, the RBI is seeking to suck out excess liquidity in the banking system, which, as on January 7, 2021, stood at ₹7,09,041 crore, going by the funds parked in the one-day reverse repo auction.

Marzban Irani, CIO-Fixed Income, LIC Mutual Fund, said: “The RBI is gradually sucking out liquidity. Short-term yields of money market papers, which are below reverse repo rate, will correct.”

The Variable Rate Reverse Repo auction is being conducted under the revised Liquidity Management Framework issued on February 6, 2020.

This framework was temporarily suspended in the backdrop of the outbreak of Covid-19, the rapidly evolving financial conditions, and taking into account the impact of disruptions due to the lockdown and social distancing.

However, the window for Fixed Rate Reverse Repo and Marginal Standing Facility (MSF) operations were made available throughout the day. This was intended to provide eligible market participants with greater flexibility in their liquidity management.

“On a review of evolving liquidity and financial conditions, it has been decided to restore normal liquidity management operations in a phased manner.

“…The Fixed Rate Reverse Repo and Marginal Standing Facility (MSF) operations will continue to be available throughout the day,” the central bank said.

The RBI reiterated that it will ensure availability of ample liquidity in the system.

[ad_2]

CLICK HERE TO APPLY

5 Best Fuel Credit Cards in India

[ad_1]

Read More/Less


1. Standard Chartered Super Value Titanium Credit Card

Issued by the Standard Chartered Bank, this card will be issued to the applicant who has a stable monthly income and the minimum income of the applicant should be Rs 55,000 per month.

It is a contactless credit card and the user can enjoy faster, secure payments and thus there will be a complete freedom from using cash. The annual fees of the card are Rs 750 and the same will be waived off if the annal spends is Rs 90,000 in a year.

Features of Standard Chartered Super Value Titanium Credit Card

• The cardholders can earn 5% cashback on fuel spends across any of the fuel stations in the country of up to Rs 200 per month.

• Earn maximum cashback of Rs 100 per transaction.

• Any transaction which is Rs 2,000 or below will be eligible for cashback.

• Get 5% cashback on telephone bills on a minimum transaction of Rs 750 and get a maximum cashback of Rs 200 per month.

• Earn 1 reward point for every Rs 150 spent on using the credit card for all other expenses.

• The cardholder can save up to Rs 6,000 per annum with 5% cash back on utilities, phone bills and fuel spends.

2. IndianOil CitiBank Platinum Credit Card

2. IndianOil CitiBank Platinum Credit Card

The IndianOil CitiBank Platinum Credit Card rolled out by CitiBank is one the best fuel credit card available in India. The card provides a range of offers to the customers like rewards on spends, dining, lifestyle, travel offers and so on.

The users of this card can earn up to 71 litres of free fuel annually from any of the IndianOil fuel filling stations located across the country.

The annual fees of Rs 1000 + taxes will be waived off, if the cardholder spends Rs 30,000 or more on the card during an annual year. The minimum income of the holder should be Rs 25,000 per month.

• Earn 4 Turbo points on spending Rs 150 using the credit card. (1 Turbo Point = Re 1 on free fuel)

• The earned Turbo points can be redeemed instantly through SMS for free fuel at IndianOil outlets.

• Get 1% fuel surcharge reversal on fuel purchases at any of the authorized IndianOil outlets in India.

• Earn 2 Turbo Points on spending Rs 150 at supermarkets and groceries.

• Earn 1 Turbo Points on spending Rs 150 on all other spends.

• Turn big purchases into small payments.

• Get instant loans on cards.

• Get 250 Turbo Points on the first spends within a span of 30 days from the date of issue of credit card.

3. BPCL SBI Card

3. BPCL SBI Card

The BPCL SBI Card issued by the largest lender, the State Bank of India comes up with a welcome offer of 2,000 bonus reward points worth Rs 500.

The SBI will charge a one-time joining fees of Rs 499 and the annual renewal fee stands at Rs 499 per year. This fuel card offers benefits to the users when they buy fuel from any of the Bharat Petroleum fuel stations in India.

• Get 4.25% value back which is equal to 13X reward points equivalent to 3.25% + 1% fuel surcharge waiver on every transaction of up to Rs 4,000 at any of the BPCL fuel outlets.

• Also get a maximum surcharge waiver of Rs 100 in a month (equal to an annual savings of Rs 1,200)

• Get annual savings of 70 litres of fuel.

• Get balance transfer on EMI at lower interest rates and pay back in EMIs.

4. ICICI HPCL Coral Credit Card

4. ICICI HPCL Coral Credit Card

This credit card helps the users to keep a check on the growing fuel cost by offering cash back and savings on fuel surcharge. Apart from this the accelerated reward points can be redeemed for fuel instantly at any of the HPCL petrol pumps.

The joining fee for ICICI HPCL Coral Credit Card is Rs 199 + GST charges. There will be no annual fees for the first year. But from second year onwards an annual fee of Rs 199 + GST charges will be applicable.

• The cardholder can earn 2 PAYBACK points on every Rs 100 spent on retail purchases except fuel.

• Redeem 2000 PAYBACK points on purchase of fuel worth Rs 500.

• Earn 2.5% cash back and savings of 1% fuel surcharge on purchase of fuel at any of the HPCL fuel stations (minimum transaction value should be Rs 500).

• If the annual spends on the card is Rs 50,000 or more during an anniversary year, then the annual fees for the subsequent year will be reversed.

5. IndianOil HDFC Credit Card

5. IndianOil HDFC Credit Card

The IndianOil HDFC Credit card issued by the HDFC Bank provides the credit card holder to earn up to 50 litres of free fuel annually. The joining fees/ renewal membership fee of this credit card is Rs 500 + applicable GST charges.

• The cardholder can earn 5% of the spends as fuel points at any of the Indian Oil fuel filling stations.

• Earn maximum of 250 fuel points per month for the first 6 months and 150 fuel points after 6 months from the date of issue of credit card.

• Get 1 fuel point for every Rs 150 spent on other purchases.

• Earn 5% of spends as fuel points on grocery and bill payments (earn maximum of 100 fuel points per month on each category).

• Get 1% fuel surcharge waiver at all the fuel stations in the country, on a minimum transaction should be Rs 400.

• Get maximum cashback of Rs 250 per statement cycle.

GoodReturns.in



[ad_2]

CLICK HERE TO APPLY

Reserve Bank of India – Press Releases

[ad_1]

Read More/Less


The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period October 05 – October 09, 2020.

All Figures are in USD Millions
Position
Date
MERCHANT INTER BANK
FCY / INR FCY / FCY FCY / INR FCY / FCY
Spot Forward Forward
Cancel
Spot Forward Forward
Cancel
Spot Swap Forward Spot Swap Forward
Purchase
05-10-2020 3,117 1,041 967 182 91 66 9,172 9,052 716 2,709 1,940 154
06-10-2020 2,660 619 634 155 54 32 8,262 8,457 1,075 2,926 1,317 152
07-10-2020 2,555 406 591 101 66 34 6,901 7,062 513 2,385 966 71
08-10-2020 2,296 257 672 159 63 71 5,866 6,862 587 2,288 1,374 156
09-10-2020 3,676 621 492 149 198 140 10,718 8,213 1,317 3,697 1,521 91
Sales
05-10-2020 2,985 981 780 184 90 67 10,477 9,261 204 2,690 1,967 154
06-10-2020 2,110 656 321 154 49 32 10,322 8,912 362 2,844 1,333 152
07-10-2020 2,154 725 222 84 59 34 6,711 6,405 507 2,348 996 71
08-10-2020 2,295 997 228 158 65 70 5,447 7,274 779 2,264 1,416 156
09-10-2020 2,698 917 332 149 199 140 12,188 7,707 284 3,641 1,536 91
(Provisional Data)

Ajit Prasad
Director   

Press Release: 2020-2021/913

[ad_2]

CLICK HERE TO APPLY

Reserve Bank of India – Press Releases

[ad_1]

Read More/Less




April 14, 2015





Dear All




Welcome to the refurbished site of the Reserve Bank of India.





The two most important features of the site are: One, in addition to the default site, the refurbished site also has all the information bifurcated functionwise; two, a much improved search – well, at least we think so but you be the judge.





With this makeover, we also take a small step into social media. We will now use Twitter (albeit one way) to send out alerts on the announcements we make and YouTube to place in public domain our press conferences, interviews of our top management, events, such as, town halls and of course, some films aimed at consumer literacy.




The site can be accessed through most browsers and devices; it also meets accessibility standards.



Please save the url of the refurbished site in your favourites as we will give up the existing site shortly and register or re-register yourselves for receiving RSS feeds for uninterrupted alerts from the Reserve Bank.



Do feel free to give us your feedback by clicking on the feedback button on the right hand corner of the refurbished site.



Thank you for your continued support.




Department of Communication

Reserve Bank of India


Next

[ad_2]

CLICK HERE TO APPLY

1 65 66 67 68 69 87