If you often deposit cheques in the bank, here’s some good news. Till now, cheque clearance used to take 2–3 days, but this delay will soon end. The Reserve Bank of India (RBI) has announced a big change—starting October 2025, cheque clearance will happen in real-time. This means the money will reach your account within … Read more
India’s automobile market is expected to be very active in July 2025, as many new cars will be launched this month. These launches include electric MPVs, luxury sedans, and updated versions of popular vehicles. Meanwhile, the Reserve Bank of India (RBI) has provided relief to loan borrowers. The RBI has announced the removal of pre-payment … Read more
The Reserve Bank of India (RBI) is strengthening its control over credit information companies (CICs) and has introduced a roadmap to improve customer awareness, data accuracy, and real-time reporting. As per a Zee Business report, the RBI is taking active steps to improve how credit bureaus function. It has instructed regulated entities like banks to … Read more
If you don’t have time to closely watch the stock market, investing in mutual funds can be a good option for you. Even with a small SIP of Rs 100, you can get better returns. We have picked 5 such mutual funds where you can invest just Rs 100 monthly. These funds have given up … Read more
After the Reserve Bank of India (RBI) reduced the repo rate by 0.50% (50 basis points) in June 2025, many major banks in the country have lowered the interest rates on their savings accounts. Because of this, bank customers—especially those with high balances—will now earn less interest than before. Customers should now check their bank’s … Read more
UCO Bank Cuts Lending Rates UCO Bank, a government-owned bank, has reduced its marginal cost of funds-based lending rate (MCLR) by 10 basis points across all loan durations, starting from June 10, 2025. This reduction means that loans linked to MCLR, like home and personal loans, could become cheaper for borrowers. Updated MCLR Rates UCO … Read more
On June 6, the RBI announced a 50 basis points cut in the repo rate during its monetary policy review. This cut was bigger than expected, as many had predicted only a 25 basis points reduction. This move is good news for home loan borrowers, both new and existing, as they will benefit from lower … Read more
Banks usually check a customer’s CIBIL score but don’t inform the customer about it. However, under the latest RBI rules, if a bank, NBFC, or credit information company checks your CIBIL report, they must now inform you via email or SMS. If your loan or request is rejected, the bank or NBFC must clearly explain … Read more
Starting July 1, major private banks like HDFC Bank and ICICI Bank will increase fees on credit cards and other banking services. HDFC Bank notified its customers about new charges, especially on credit card spending related to online gaming, digital wallets, and utility payments. If a customer spends over Rs 10,000 in a month on … Read more
This news can bring relief to common people. The RBI, which has been easing its monetary policies to support economic growth, is likely to reduce the repo rate by 0.50 percent from June till Diwali. According to reports, the RBI’s next review meeting is scheduled between June 4 and 6. In this meeting, the Monetary … Read more
Kotak Mahindra Bank has introduced significant changes to its credit card fee structure, effective from June 1, 2025. These updates include charges on auto-debit failures, dynamic currency conversion (DCC), utility bill payments, education fees, wallet loading, online gaming, and fuel transactions. Additionally, the calculation method for the Minimum Amount Due (MAD) has been revised. Charges … Read more