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
  • Lt. Gen. Pushpendra Singh to take over as Vice Chief of Army Staff on Friday.

    Read More....
  • Shubman Gill becomes highest run-scorer as Indian Test captain in a single series with 743 runs.

    Read More....
  • From August 1, PSBs allowed to transfer unclaimed assets to IEPF under amended Banking Laws.

    Read More....
  • Cabinet approves four multi-tracking railway projects worth ₹11,169 crore across six states.

    Read More....
  • DPIIT signs MoU with Roche India to support healthcare startups in critical therapeutic areas.

    Read More....
  • Eminent economist and author Lord Meghnad Desai passes away at age 85.

    Read More....
  • ISRO scientist A. Rajarajan appointed Director of Vikram Sarabhai Space Centre from August 1.

    Read More....
  • Khalid Jamil becomes first Indian in 13 years to be appointed head coach of Indian men's football team.

    Read More....
  • Indian Navy receives third Project 17A stealth frigate ‘Himgiri’ from GRSE, Kolkata.

    Read More....
  • World Breastfeeding Week 2025 to be observed from August 1 to 7 with focus on healthcare system support.

    Read More....