RBI launches One-Year Incentive Scheme for Inactive Accounts

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Starting October 1, 2025, the Reserve Bank of India (RBI) has introduced a one-year incentive scheme to reduce inactive bank accounts and unclaimed funds. Under this scheme, banks will earn incentives based on the deposits and the duration of inactivity in these accounts. The goal is to encourage banks to contact customers, reactivate accounts, and … Read more

RBI announces 7 New Bank Guidelines

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The Reserve Bank of India (RBI) has introduced seven new guidelines for banks, covering areas such as interest rates, loans against gold and silver, and capital regulations. These rules will come into effect on October 1, 2025. In addition, the RBI has also released four draft guidelines, aimed at benefiting both customers and banks. Changes … Read more

RBI Introduces New Rules for Digital Payments

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The Reserve Bank of India (RBI) has announced new rules to make digital payments more secure. Under these rules, two-factor authentication (2FA) options beyond SMS OTP will now be allowed. These regulations, called the “Authentication Mechanisms for Digital Payment Transactions Directions, 2025,” will take effect from April 1, 2026. What Are the New Authentication Options? … Read more

15 Bank Holidays in September 2025

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As September 2025 is approaching, people are already checking the list of bank holidays. This month, banks will remain closed for 15 days in total. Out of these, 9 holidays are due to festivals, while the rest are weekly offs. Major festivals like Onam, Navratri, and Eid are falling in September, which has increased the … Read more

Loans from THESE Banks Now Cheaper

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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