Two deadlines today: what bankers must check

Change: The Reserve Bank of India will take Rs 6,00,000 crore from banks today.

Impact: That money stays with the Reserve Bank of India for 15 days.

Action: Treasury teams should bid only money they will not need.

Change: The special dollar deposit window for non-residents closes today.

Impact: After today banks get no special support behind these deposits.

Action: Book any pending case before the day ends.

Change: One co-operative bank in Ahmednagar has been frozen.

Impact: Its customers cannot take out any money at all.

Action: Branch staff should learn the five lakh rupee cover today.

Change: The government will buy back its own bonds on Wednesday.

Impact: Up to Rs 30,000 crore returns to the market that day.

Action: Watch your cash position on Wednesday morning.

Change: Registration for the entry banking certification closes tomorrow.

Impact: Staff who miss it must wait for the next round.

Action: Tell your team today, not tomorrow evening.

What changed: The Reserve Bank of India holds a 15 day cash auction this morning.

Who is affected: Every bank that keeps spare money with the Reserve Bank of India.

What to do: Bid between 9:30 and 10:00 in the morning. Bid only spare money.

Last date: Today. The money comes back to banks on 15 September.

Source: Reserve Bank of India press release, 28 August 2026 ↗

What changed: The special swap window behind non-resident dollar deposits closes today.

Who is affected: Banks that raise deposits from Indians living outside India.

What to do: Book pending cases today. Tell customers the deposit itself stays open.

Last date: Today. The last swaps under it are settled on 11 September.

Source: Reserve Bank of India press release, 22 August 2026 ↗

What changed: The Reserve Bank of India has stopped all withdrawals at one bank.

Who is affected: Ashok Sahakari Bank Limited in Ahmednagar. Its customers and its staff.

What to do: Be ready to explain the deposit cover of five lakh rupees.

Last date: The order runs for six months from 28 August.

Source: Reserve Bank of India press release, 28 August 2026 ↗

Treasury: Money bid this morning is locked until 15 September. Keep month end needs out.

Branch staff: Customers may ask if their money is safe. Today's problem solver has the answer.

Compliance: Check that the deposit insurance notice at your branch is on display.

Credit: Nothing new for credit today. Wednesday's bond buyback may ease funding.

A customer asks: my bank is frozen. Is my money safe?

One bank was frozen on Friday. The same question will reach many counters.

1. Give the cover first. Each depositor is covered up to five lakh rupees.
2. Say that the cover counts the money kept and the interest earned together.
3. All accounts of one person in the same right are added together first.
4. All branches of one bank count as one bank for this cover.
5. Money in a different bank gets a fresh cover of five lakh rupees.
6. Claims must be settled within 90 days of the order on the bank.
7. Give the customer the official page so that he can read it himself.

Source: Deposit Insurance and Credit Guarantee Corporation, guide to deposit insurance ↗

Check today: A frozen bank attracts fake agents. Warn customers to pay nobody who promises a faster claim.

Entry banking exam: last day tomorrow

Registration closes on 1 September for the November round. A first attempt costs Rs 4,000. The first exam day is 1 November.

Source: Indian Institute of Banking and Finance, November 2026 round ↗

65.4 billion dollars

Money that Indians living abroad placed in Indian banks under the window closing today, counted to 21 August.

Source: Reserve Bank of India press release, 22 August 2026 ↗

31 August — Last day of the special dollar deposit window.

1 September — Entry banking certification registration closes.

3 September — Government buys back its own bonds.

15 September — Today's auction money returns to banks.

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