As per RBI guidelines, it is mandatory for customers to periodically update their KYC details with the bank. Last Date: September 1st 2016. Click to know more
No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account
Overseas Forex Trading through internet trading portals
As per RBI guidelines, sending money overseas for foreign exchange trading using internet trading portals is strictly prohibited. Use of Credit Cards, Debit Cards, Forex Cards or bank accounts are not permitted for this purpose - either directly or indirectly. The Bank will be forced to close any account or card where such transactions occur.For further details Click here
As per the Cheque Truncation System (CTS) guidelines issued by Reserve Bank of India, cheques with alterations and corrections will be returned unpaid. Please do not issue or accept cheques with alterations or corrections.