NEW DELHI, India — India Post has widened the eligibility framework for Rural Postal Life Insurance (RPLI), allowing an operative savings account with either the Post Office Savings Bank (POSB) or any scheduled bank to serve as an additional eligibility criterion for the scheme.
Tag: Banking
India Draws $72.85 Billion in Forex Inflows as FCNR(B) Deposits Surge
New Delhi, India — India has mobilised $72.85 billion in foreign currency inflows through a special Reserve Bank of India (RBI) USD-INR swap facility, with Foreign Currency Non-Resident (Bank), or FCNR(B), deposits accounting for $65.397 billion as of August 21.