RBI mandates digital services for floating rate savings bonds

Online application and account systems required

Capital Markets Financial Services Fintech & Payments
Economic Times ·
Change
India’s RBI required banks to enable online applications and account management for Floating Rate Savings Bonds by December 31, 2026.
Why it matters
Receiving offices must upgrade systems to process digital transactions, nominations, and redemption requests.
Implications
  • — Banks must upgrade systems — compliance requirement
  • — Failure delays investor services — operational risk increases

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Economic Times
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