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RBI makes standard guidelines to settle the claims of the deceased account holders

October 04, 2025

1. Overview and Applicability:

  • RBI standardizes ways in which banks should pay claims on dead customers.
  • Intends to remove the divergent practices between banks.
  • Only available to: Any commercial and co-operative bank.
  • Inapplicable to: Government savings schemes (SCSS, PPF etc.)
  • Deadline of implementation: 31 st March 2026.

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India industrial production increased 4 percent in August 2025

October 04, 2025

1. Overall Growth Trend:

  • Index of Industrial Production (IIP) increased 4.0 percent annually in August 2025.
  • Increase in slight under forecasts of 5%
  • July 2025 IIP revised upward to 4.3%
  • Cumulative growth (April-August FY26): 2.8 % vs 4.3% in April-August FY25.

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RBI Installs New Continuous Cheque Clearing System

October 04, 2025

1. System Transition/Implementation:

  • Special CTS clearing to be made on 3 rd October 2025 to help in transition.
  • The start of the new continuous clearing mechanism will be on 4th October 2025.
  • Transition as authorized by Payment and Settlement Systems Act, 2007.

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Life Insurance Corporation Celebrates 69 th Anniversary

October 04, 2025

1. Milestone Achievement:

  • 69th anniversary on 1 st September 2025.
  • Almost 70 years of experience in insurance and financial industry.
  • The greatest life insurance company and the fastest expanding Indian brand in India (36% growth per Brand Finance 2025).

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US Becomes the top FDI source in Q1 FY26 in India

October 04, 2025

1. Record US Investment Surge:

  • In Q1 FY26 (April-June 2025) United States became the largest source of FDI.
  • Contribution:Rs48, 104 crore equity inflows.
  • Growth: 282 % growth over past year.
  • Significance: Marks giant turn in the way the foreign investment in India is conducted.

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