New FAQ Page 2 - ಆರ್ಬಿಐ - Reserve Bank of India
Storage of Payment System Data
Ans. The following payments are eligible to be settled through ACU:-
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for export / import transaction between ACU member countries on deferred payment terms; and
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not declared ineligible as mentioned under Q.10
Note:- Trade transaction with Myanmar may be settled in any freely convertible currency, in addition to the ACU mechanism.
Ans. Yes. The TReDS could deal with both receivables factoring as well as reverse factoring.
Ans. The IFSC number can be obtained by the remitter (customer) from his / her bank branch. Alternatively, it is available on the cheque leaf of the beneficiary. This code number / bank branch information can be communicated by the beneficiary to the remitting customer. The list of IFSCs is also available on the RBI website at the link https://rbi.org.in/Scripts/Bs_viewRTGS.aspx?Category=5. The list is updated on a fortnightly basis.
The instructions in the circular dated September 7, 2020 is applicable in the case of all borrowers in respect of whom resolution is being undertaken in terms of Part B of the Annex to the circular dated August 6, 2020 on Resolution Framework.
Response: The cardholder shall be provided option to choose any date as the starting or closing day of the billing cycle at least once. Further, card-issuers may provide the option to modify the billing cycle through multiple channels such as helpline, dedicated e-mail-id, Interactive Voice Response (IVR), internet banking, mobile-application and any other modes.