OZG Fintech Center

16/04/2026

*FCRA 2026: Donation in Cryptocurrency to Indian NGOs*

OZG Digital offers specialized FCRA compliance solutions, facilitating cryptocurrency donations for Indian NGOs under the FCRA Amendment Act, 2026. We provide tech-enabled guidance to navigate the expanded "foreign contribution" rules covering VDAs like Bitcoin and stablecoins over ₹10,000, ensuring MHA prior approvals and donor traceability via blockchain.

The OZG FCRA Helpdesk offers step-by-step support for crypto inflows, including routing through SBI FCRA accounts post-conversion on licensed exchanges, real-time valuations to handle 15-20% volatility, and reconciliations for audits. Our services counter risks like speculative holdings bans by implementing custodial controls and source disclosures, as seen in models like Save the Children's Fortris Bitcoin Fund. You can contact the OZG FCRA Helpdesk at WhatsApp +91-9811415831 or email to: [email protected].

The OZG FCRA Helpdesk guides NGOs to adhere to strict utilization timelines, non-speculative rules, and Designated Authority oversight for lapsed registrations, while leveraging appeals to District Judges. We enable compliant innovation through platforms like ozgdigital.com, aligning VDA donations with FCRA's traceability and reporting mandates. This positions OZG Digital as a bridge for "crypto philanthropy" amid regulatory shifts.

Book your ticket:
Go to ➡ ticket.ozgdigital.com

Ticket @ ₹999/ + ₹192/ OZGiAN Membership Fee.

20/11/2025

08/07/2025

The (RBI) issued the Reserve Bank of India (Pre-payment Charges on Loans) Directions, 2025, introducing significant changes regarding prepayment charges on loans:

1️⃣ No prepayment charges are allowed on floating-rate loans availed by individuals for non-business purposes. This means borrowers can repay such loans—like —early without incurring any penalty or additional fee.

2️⃣ The directions also extend this benefit to Micro and Small Enterprises (MSEs) and to business loans up to ₹50 lakh, depending on the lender category.

3️⃣ The rules apply regardless of whether the loan is repaid fully or partially, the source of funds used, or the presence of co-obligants. There is no minimum lock-in period for availing this benefit.

4️⃣ The new norms cover commercial banks, co-operative banks, NBFCs (Middle and Upper layers), and All India Financial Institutions. are excluded, and certain exemptions apply for and Regional Rural Banks unless the loan is up to ₹50 lakh.

5️⃣ For fixed-rate loans, lenders may levy prepayment charges, but these must be disclosed upfront in the , sanction letter, and (KFS), and must be proportional to the prepaid amount—not the entire loan.

6️⃣ No retrospective charges: If a prepayment charge has been waived, it cannot be revived later.

7️⃣ The directions take effect for all loans and advances sanctioned or renewed on or after January 1, 2026.

These measures aim to standardize practices, enhance transparency, and strengthen borrower protection by curbing unfair or restrictive prepayment practices.

📕Ozg Finance

09/07/2024

*RBI cancelled the Certificate of Registration of Star Finserv India Limited due to irregular lending practices*

In exercise of the powers conferred under Section 45-IA (6) of the Act, 1934, the Reserve Bank has cancelled the Certificate of Registration (CoR) issued to India Limited.

This company shall not transact the business of a Non-Banking Financial Institution ( ), as defined in clause (a) of Section 45-I of the RBI Act, 1934.

RBI Compliance for NBFC
💁🏻‍♀️ compliance.nbfc.in
Email 📬 [email protected]

*The CoR has been cancelled by as:*

1. 🔖 The company has violated RBI guidelines on code of conduct in outsourcing of financial services in its operations by its core decision-making functions such as credit appraisal, loan sanctioning as well as KYC verification process to the service provider.

2. 🔖 The company has violated RBI guidelines on data confidentiality and security of customer information by providing complete access to customer data to the service provider.

3. 🔖 The company has violated RBI guidelines on Fair Practices Code by not providing the copy of loan agreement and sanction letter in vernacular language to its customers.

RBI Press Release 2024-2025/651
Date: 8 July 2024

💁🏻‍♀️ Any ⁉️
RBI Compliance for NBFC
Email 📬 [email protected]

Go to 💁🏻‍♀️ compliance.nbfc.in

31/05/2024

This is a 's framework in the form of a Self-Regulatory Organisation (SRO) for the FinTech Sector. SRO essentially is an industry-led entity responsible for establishing and enforcing regulatory standards, promoting ethical conduct, ensuring market integrity, resolving disputes, and fostering transparency and accountability among its members. The Framework contains the characteristics of an for the sector (SRO-FT), and includes, inter-alia, broad functions, governance standards, eligibility criteria and expectations for grant of recognition as an .

Read it at the link ⬇

💁🏻‍♀️ fintech.rbicompliance.com

OZG Advisory for Fintech
Write to 📬 [email protected]

OZG Advisory for Fintech 📬 [email protected]

31/05/2024

RBI imposed a penalty of ₹36,38,000/ on Limited under Section 11(3) of FEMA, 1999, for violation of Reserve Bank of India’s instructions on reporting requirements under Liberalised Remittance Scheme (LRS) of , 1999.

RBI Press Release: 2024-2025/399
Date - 29 May 2024

💁🏻‍♀️

RBI Direction on Liberalised Remittance Scheme (LRS) for Resident Individuals - Reporting of monthly return and daily transactions.

Link to the full post ⬇️

💁🏻‍♀️
Email 📬 ask@fema .in

25/04/2024

*Strict RBI action on Kotak Bank*

Reserve Bank of India directed Limited, a leading private sector bank -

(i) to stop onboarding of new customers through its online and mobile banking channels and

(ii) issuing fresh credit cards.

The bank shall, however, continue to provide services to its existing customers, including its credit card customers.

These actions are necessitated based on significant concerns arising out of Reserve Bank’s IT Examination of the bank for the years 2022 and 2023 and the continued failure on part of the bank to address these concerns in a comprehensive and timely manner. Serious deficiencies and non-compliances were observed in the areas of IT inventory management, patch and change management, user access management, vendor risk management, data security and data leak prevention strategy, business continuity and disaster recovery rigour and drill, etc.

For two consecutive years, the bank was assessed to be deficient in its IT Risk and Information Security Governance, contrary to requirements under Regulatory guidelines. "During the subsequent assessments, the bank was found to be significantly non-compliant with the Corrective Action Plans issued by the Reserve Bank for the years 2022 and 2023, as the compliances submitted by the bank were found to be either inadequate, incorrect or not sustained."

In the absence of a robust IT infrastructure and IT Risk Management framework, the bank’s Core Banking System (CBS) and its online and digital banking channels have suffered frequent and significant outages in the last two years, the recent one being a service disruption on April 15, 2024, resulting in serious customer inconveniences. The bank is found to be materially deficient in building necessary operational resilience on account of its failure to build IT systems and controls commensurate with its growth.

🪀 Follow the RBI Compliance (WhatsApp) -
https://whatsapp.com/channel/0029Va5MlGR5Ui2fZK9q983B

- rbicompliance.com

⬇

OZGiAN Membership Fee ₹192/year 🏠 Pay ➡ ozg@upi

26/02/2024

*Amendment to RBI Master Direction on Prepaid Payment Instruments (PPIs)*

🔖 1. This has reference to the Master Directions CO.DPSS.POLC.No.S-479/02.14.006/2021-22 dated August 27, 2021 on Prepaid Payment Instruments (MD-PPIs) (as amended from time to time), which prescribes, inter alia, the various types of PPIs which banks and non-banks can issue after obtaining necessary approval / authorisation from RBI.

🔖 2. Public transport systems across the country cater to a multitude of commuters on a daily basis. To provide convenience, speed, affordability, and safety of digital modes of payment to commuters for transit services, it has been decided to permit authorised bank and non-bank PPI issuers to issue PPIs for making payments across various public transport systems. The MD-PPIs has been updated by revising paragraph 10.2 thereof.

🔖 3. These instructions are issued under Section 18 read with Section 10 (2) of Payment and Settlement Systems Act, 2007 (Act 51 of 2007). These instructions shall come into effect immediately.

*RBI Notification 🔔 February 23, 2024*

RBI/2023-24/126
CO.DPSS.POLC.No.S1092/02-14-006/2023-2024

- rbicompliance.com

OZGiAN Membership Fee ₹192/year 🏠 Pay ➡ ozg@upi

22/02/2024

*RBI restraining unauthorized payment intermediary in Card Network*

👁️‍🗨️ 1. It has come to the notice of Reserve Bank of India that a Card Network had an arrangement that enables businesses to make card payments through certain intermediaries, to entities that do not accept card payments.

👁️‍🗨️ 2. Under this arrangement, the intermediary accepts card payments from corporates for their commercial payments and then remits the funds via IMPS/RTGS/NEFT to non-card accepting recipients.

👁️‍🗨️ 3. On closer scrutiny, it was observed that this arrangement qualified as a payment system. Under the provisions of Payment and Settlement Systems (PSS) Act, 2007, such payment system requires authorization under Section 4 of PSS Act, which has not been obtained in the instant case. The activity was, therefore, without legal sanction.

👁️‍🗨️ 4. The arrangement has also raised following concerns:

The intermediary in the above arrangement pooled large amount of funds into an account which is not a designated account under PSS Act.

Transactions processed under this arrangement did not comply with the originator and beneficiary information requirements, as stipulated under Master Direction on KYC issued by the Reserve Bank.

👁️‍🗨️ 5. As per information available, only one card network has operationalized this arrangement in the country so far.

👁️‍🗨️ 6. As the matter is under detailed examination, the Card Network has been advised to keep all such arrangements under abeyance, till further orders. It is clarified that the Reserve Bank has not placed any restriction with respect to normal usage of business credit cards.

*OZG Fintech Center*

✉️ Email: [email protected]

02/02/2024

*Strict RBI action against Ltd under Section 35A of the Banking Regulation Act, 1949*

1. In Press Release dated March 11, 2022, the Reserve Bank of India, in exercise of its powers under section 35A of the , 1949, had directed Payments Bank Ltd (PPBL or the bank) to stop onboarding of new customers with immediate effect.

2. The Comprehensive System Audit report and subsequent compliance validation report of the external auditors revealed persistent non-compliances and continued material supervisory concerns in the bank, warranting further supervisory action.

3. Accordingly, in exercise of its powers under section 35A of Banking Regulation Act, 1949 and all other powers enabling it in that behalf, the , has today directed PPBL as below:

👁️‍🗨️ No further deposits or credit transactions or top ups shall be allowed in any customer accounts, prepaid instruments, wallets, , cards, etc. after February 29, 2024, other than any interest, , or refunds which may be credited anytime.

👁️‍🗨️ Withdrawal or utilisation of balances by its customers from their accounts including savings bank accounts, current accounts, prepaid instruments, FASTags, National Common Mobility Cards, etc. are to be permitted without any restrictions, upto their available balance.

👁️‍🗨️ No other banking services, other than those referred in (ii) above, like fund transfers (irrespective of name and nature of services like AEPS, , etc.), BBPOU and should be provided by the bank after February 29, 2024.

👁️‍🗨️ The Nodal Accounts of Ltd and Ltd. are to be terminated at the earliest, in any case not later than February 29, 2024.

👁️‍🗨️ Settlement of all pipeline transactions and nodal accounts (in respect of all transactions initiated on or before February 29, 2024) shall be completed by March 15, 2024 and no further transactions shall be permitted thereafter.

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👁️‍🗨️ *FEMA Matters*
Email: 📮 [email protected]

👁️‍🗨️ *NBFC Compliance*
Email: 📮 [email protected]

👁️‍🗨️ *Banking Compliance*
Email: 📮 [email protected]

🕹️

OZGiAN Membership Fee ₹192/year 🏠 Pay ➡ ozg@upi

02/12/2023

The (RBI) and the (BoE) signed a Memorandum of Understanding (MoU) concerning cooperation and exchange of information in relation to the Limited ( ). The MoU establishes a framework for the BoE to place reliance on RBI’s regulatory and supervisory activities while safeguarding UK . The MoU also demonstrates the importance of cross-border cooperation to facilitate international clearing activities and the BoE’s commitment to deference to other regulators’ regimes.

This MoU confirms the interests of both the authorities in enhancing cooperation in line with their respective laws and regulations. It will also enable the BoE to assess the application of CCIL for recognition as a third country Central Counterparty (CCP) which is a pre-requisite for UK based banks to clear transactions through CCIL.

The MoU was signed at on December 1, 2023.

- RBIcompliance.com