The central government is preparing for one of the biggest changes in the banking sector. A new plan is underway to merge several public sector banks. If everything moves as planned, by 2027, India may have only four major public sector banks instead of the current twelve. The idea is to merge smaller banks with larger … Read more
Did you know that more than ₹67,000 crore is lying unclaimed in Indian banks as of June 2025? This huge amount belongs to people who forgot about their bank accounts or whose families never knew these accounts existed. If you or someone in your family has an old account that hasn’t been used for years, … Read more
If you are a senior citizen looking for a safe place to keep your savings and earn steady returns, a fixed deposit (FD) is a reliable option. But before opening an FD, it’s smart to compare interest rates offered by different banks. Here’s a quick look at which major banks are offering the highest FD … Read more
Banks across India will be closed for nearly 19 days in December 2025. The holidays are listed under the RBI’s Holiday Calendar and fall under the Negotiable Instruments Act. This means the holidays vary from one state to another depending on regional festivals and observances. However, one holiday will be common nationwide. All banks across … Read more
The Reserve Bank of India (RBI) has released draft guidelines to update credit scores every week. This is a major step to improve the country’s credit system. At present, banks and financial institutions send customer credit data to credit bureaus once a month or once every two weeks. After the new rules are implemented, these … Read more
December is the last month of the year, and during this month, banks will be closed for 18 days due to festivals and weekly holidays. Out of these, six days are weekly offs that apply to all states. The remaining holidays will vary depending on state-specific festivals. Apart from Christmas, many local festivals in different … Read more
The Government of India has given major relief to taxpayers. The Ministry of Finance has announced that the facility to deposit money under the Capital Gains Account Scheme (CGAS) will no longer be limited to public sector banks. In a recent notification, the government has included 19 private and small finance banks in the list. … Read more
The Reserve Bank of India (RBI) has directed all banks to move their official websites to the ‘.bank.in’ domain to strengthen cybersecurity and reduce online fraud. According to an RBI circular, the migration to this new domain must be completed by October 31, 2025, or earlier. Major banks such as State Bank of India (SBI), … Read more
Reserve Bank of India (RBI) Governor Sanjay Malhotra said on Friday that lifting restrictions on acquisition financing for banks will help strengthen the real economy. Recently, the RBI allowed banks to fund acquisitions and also raised loan limits for buying shares in IPOs. This move signals a major push to increase bank lending and investment … Read more
November is packed with several bank holidays. Last month, many banks were closed multiple times due to the festive season. The Reserve Bank of India (RBI) releases a list of bank holidays in advance, so customers can plan their visits accordingly. If you’re planning to go to the bank on Wednesday, November 5, you should … Read more
If you have a bank account, or even a locker or safe custody, this update from the Reserve Bank of India (RBI) is important for you. RBI has made major changes to the nomination rules, which will take effect from November 1, 2025.These new rules will apply to all banks in India — public, private, … Read more