Even today, fixed deposits (FDs) remain one of the safest ways to invest money. There’s no risk of market loss, and you already know how much return you’ll get in the end. That’s why many people still trust FDs for steady and secure savings. Let’s take a simple look at what Bank of Baroda is … Read more
If you regularly use digital wallets like PhonePe or Google Pay, a new update from the Reserve Bank of India could directly impact you. The RBI is planning new rules that aim to make your wallet safer, reduce issues, and ensure faster refunds. Here’s everything explained in a simple way. What Is Changing and Why … Read more
The Reserve Bank of India (RBI) has officially cancelled the banking license of Paytm Payments Bank Limited. This means the bank will no longer be allowed to carry out any banking activities in the future. According to the RBI, the license—issued under Section 22(4) of the Banking Regulation Act, 1949—has been cancelled effective from the … Read more
If you’re planning to visit the bank in May, it’s better to check the holiday list in advance. The Reserve Bank of India has released the official bank holiday calendar for May 2026, and banks will remain closed for a total of 12 days. These holidays include weekends and major festivals. While some holidays may … Read more
Reserve Bank of India (RBI) has cancelled the banking licence of Paytm Payments Bank, effective April 24, 2026. This means the bank can no longer carry out any banking activities. The decision comes after repeated regulatory concerns and non-compliance with rules. With this move, Paytm Payments Bank’s operations under the payments bank model have come … Read more
Bank of Baroda has introduced a new premium savings account called BoB Senior Citizen Special Samman. This account is specially designed to make banking easier, safer, and more comfortable for senior citizens. The biggest highlight is convenience. Elderly customers will not need to visit bank branches again and again. Most services can be accessed from … Read more
The Reserve Bank of India (RBI) is planning stricter rules for digital wallets. These changes mainly target prepaid payment instruments (PPIs), often used for mobile wallets and prepaid cards. The goal is simple—make digital payments safer, more reliable, and better regulated as usage continues to grow. Stricter Rules for Wallet Companies The RBI wants non-bank … Read more
The Reserve Bank of India has introduced new guidelines to make recurring digital payments safer. These rules fall under the “Digital Payments – E-mandate Framework, 2026” and apply to all platforms like cards, UPI, and prepaid wallets. The main focus is simple: improve security while keeping payments smooth for users. What Is Changing for Users? … Read more
The Reserve Bank of India (RBI) has introduced new rules to make digital payments safer and more transparent. These guidelines, known as the Digital Payment E-Mandate Framework 2026, are now in effect. The focus is on improving security for recurring payments by making Additional Factor Authentication (AFA), like OTP, more important. What is an E-Mandate? … Read more
The Reserve Bank of India (RBI) has introduced new rules to make recurring digital payments safer. Under the updated e-mandate framework for 2026, an extra layer of security—called Additional Factor of Authentication (AFA)—will now be required for auto-debit transactions. The goal is simple: give users more control and reduce the risk of unauthorized deductions. You’ll … Read more
The Reserve Bank of India (RBI) has relaxed some of its recent restrictions on forex trading. It has partially rolled back curbs on offshore non-deliverable forward (NDF) trades—giving banks more flexibility to offer certain derivative contracts again. This move is aimed at making it easier for businesses to manage currency risks. What Has Changed? Earlier, … Read more