RBI New Rules: Salary, SIP payments, EMIs, Insurance Premium rules to change from August 1
Currently, this facility of crediting salary is operational on working days of banks and therefore, the auto-debits are not allowed on bank holidays, gazetted holidays and even Sundays.
Jul 31, 2021, 14:00 PM ISTRBI Update: Salary, pension, EMI payment rules to change from August 1
The new NACH rules showed that the payments such as salary and pensions can be transferred on weekends which is not possible now as it is only available when the banks are open.
Jul 25, 2021, 11:01 AM IST