Canara Bank has partnered with Reserve Bank of India innovation hub

Canara Bank has partnered with Reserve Bank of India innovation hub

Daily Current Affairs   /   Canara Bank has partnered with Reserve Bank of India innovation hub

Change Language English Hindi

Category : National Published on: April 26 2023

Share on facebook
  • Canara Bank, in collaboration with Reserve Bank Innovation Hub (RBIH), has announced the launch of "Digitalised Submission of Form 15G/15H" as one of customer friendly services adding to our pursuit of "Customer Delight".
  • Form 15G (Individual and HUF) and Form 15H (Individual-Senior Citizen) are self-declaration forms that an individual submits to the bank requesting not to deduct TDS on interest income as their income is below the basic exemption limit. For this, providing PAN is compulsory.
  • The Reserve Bank Innovation Hub (RBIH) recognized the problem, engaged with various banks to explore possible solutions, and developed a blueprint to resolve the issue.
  • The Reserve Bank of India Innovation Hub (RBIH) is an initiative of the Reserve Bank of India (RBI) that was launched to promote innovation in the financial sector.
  • The RBIH works towards identifying areas where innovation can help address challenges and opportunities in the financial industry, and facilitates the development of solutions through collaboration with banks, fintech companies, and other stakeholders. 
  • Its main goal is to enhance financial inclusion, efficiency, resilience, and customer service through innovation.
Recent Post's

  • ITDC and the Ministry of Tribal Affairs launched a hospitality training program and manual for tribal homestay owners in New Delhi.

    Read More....

  • Evidence of a 125,000-year-old Neanderthal "factory" for fat extraction was discovered in Neumark-Nord, Germany, showing advanced cognitive skills.

    Read More....

  • The National Para Athletics Championship 2026 begins tomorrow at Kalinga Stadium, Bhubaneswar, featuring 1,460 athletes as a selection trial for the Asian Para Games.

    Read More....

  • IIT Guwahati has developed a dual-purpose MXene material for highly efficient hydrogen production and solar-powered seawater desalination.

    Read More....

  • Researchers discovered a rare "Vela carli" freshwater crab possessing both male and female traits in Kerala's Silent Valley National Park.

    Read More....

  • Ancient petroglyphs resembling prehistoric rock art have been uncovered near the Beerappa Temple in Manchirevula, Telangana.

    Read More....

  • The Indian Navy's P-8I aircraft is participating in "Exercise Sea Dragon 2026," a multi-national anti-submarine warfare drill in Guam, USA.

    Read More....

  • Kusunpur is set to become Odisha’s first "Smart Village" through CSIR-led scientific innovations in agriculture and renewable energy.

    Read More....

  • Japanese retailer Uniqlo has appointed Indian fast bowler Jasprit Bumrah as its brand ambassador for the "LifeWear" campaign.

    Read More....

  • Odisha topped the NITI Aayog Fiscal Health Index 2026 for its excellent revenue management, followed by Goa and Jharkhand.

    Read More....