If you’re planning to invest in a fixed deposit (FD), this could be the right time to check the latest interest rates. Unity Small Finance Bank has revised its FD interest rates, with the new rates coming into effect from July 15. The bank is now offering up to 8.50% annual interest on its special … Read more
The Reserve Bank of India (RBI) has proposed a major change that could make it easier for mutual funds, insurance companies, and pension funds to increase their stake in banks. Under the proposal, these institutions would need RBI approval only for their first major investment in a bank. After that, they could buy or sell … Read more
The Reserve Bank of India (RBI) has updated its Integrated Ombudsman Scheme, 2026, which came into effect on July 1. The revised rules are designed to make customer complaints easier to file and faster to resolve. The new framework introduces a shorter complaint filing deadline, higher compensation limits, and a simpler appeal process. If you … Read more
Punjab National Bank (PNB) has launched a new Tribal Plus Loan Scheme to make home loans easier for people living in tribal areas. The scheme is designed to help eligible borrowers who often face difficulties in getting housing loans because of restrictions related to land ownership and mortgage creation. With this initiative, PNB aims to … Read more
If you still have a Rs 2,000 note, there’s no need to worry. The Reserve Bank of India (RBI) has once again clarified that the Rs 2,000 note continues to be legal tender. This means you can still exchange it or deposit it into your bank account. Although the RBI withdrew the Rs 2,000 note … Read more
Private sector lender IDFC First Bank has introduced a new digital service that makes Provident Fund (PF) payments easier for businesses. The bank has integrated its services with the Employees’ Provident Fund Organisation (EPFO) under the Ministry of Labour and Employment. With this move, employers can make PF payments directly through the EPFO platform using … Read more
Have you ever visited a bank for a loan or fixed deposit and been asked to buy insurance or a mutual fund as well? Many customers face this situation and often end up buying financial products without fully understanding them. To protect customers from such practices, the Reserve Bank of India (RBI) has introduced new … Read more
Banks across India are seeing a steady rise in overseas deposits after the Reserve Bank of India (RBI) revised its Foreign Currency Non-Resident Bank (FCNR-B) deposit scheme. The new rules have made the scheme more attractive for Non-Resident Indians (NRIs), especially those living in Gulf countries. According to reports, banks have already raised around $3–4 … Read more
The Reserve Bank of India (RBI) has introduced a new facility that could make it easier and cheaper for government financial institutions to borrow money from overseas markets. According to a recent report by S&P Global Ratings, this move could also help attract more foreign capital into India. The new facility, called a concessional forex … Read more
There is good news for Non-Resident Indians (NRIs) looking to earn better returns on their foreign currency savings. DBS Bank India has revised the interest rates on its Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits. The new rates came into effect on July 1, 2026, following the Reserve Bank of India’s (RBI) recent policy changes. Under … Read more
Companies and financial institutions operating in GIFT International Financial Services Centre (GIFT IFSC) have received a major relief. A fresh clarification issued on Wednesday has confirmed that regulated entities in GIFT IFSC do not have to file their annual Foreign Liabilities and Assets (FLA) return with the Reserve Bank of India (RBI). Instead, the return … Read more