Rbi
4 articles tagged “Rbi”
Is a Credit Card Halal in India? Cards, No-Cost EMI and BNPL (2026)
Whether an Indian Muslim can hold a credit card, what the RBI's 2022 card directions say about the interest-free period, no-cost EMI and minimum dues, and how BNPL and charge cards compare.
Riba Meaning in Hindi and Urdu (2026): Sood, Byaj and Indian Bank Products
Riba is sood in Urdu and byaj in Hindi: a stipulated excess on money lent or deposited for time. We map savings interest, FDs, EMIs, credit cards, EPF, rent and trade profit to riba or not, using RBI definitions.
Current Accounts: The Only Interest-Free Bank Deposit in India (2026)
RBI rules make the current account the one deposit in Indian banking that pays no interest by law. How the rules work, who can open one, and why the famous 'interest waiver instruction' does not exist.
Why India Has No Islamic Banks: The RBI Story, Told Accurately
The world's largest Muslim-minority country licenses no Islamic banks. The reason is legal architecture, not theology: the Banking Regulation Act, an RBI examination that ended quietly in 2017, and a capital market that became the default home for halal money.