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With effect from April 06, 2023, eligible entities desirous of applying fresh FFMC licence/authorisation are required to submit their application through …

Frequently asked questions

Q:
What is the definition of “Basic Savings Bank Deposit Account” (BSBDA)?
A:
All the existing ‘No-frills’ accounts opened pursuant to guidelines issued vide and converted into BSBDA in compliance with the guidelines issued in as well as fresh accounts opened...
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