Reliance Jio has taken another big step towards digital inclusion by partnering with Bank of Baroda. This move will allow feature phone users to access mobile banking services without needing a smartphone. The company has launched a new app called “BOB World Lite,” specially designed for keypad phones like the JioPhone Prima 4G. Banking Now … Read more
If you have an account with Punjab National Bank (PNB), this is important. The bank has warned that some accounts may be closed from April 16. These are accounts that have been inactive for a long time. Specifically, accounts with no transactions for 3 years and zero balance are at risk. If your account falls … Read more
If you have any important bank work next week, this update is important for you. Banks in different parts of India may remain closed for up to four days between April 13 and April 19, 2026. These closures are due to major festivals like Ambedkar Jayanti, Pohela Boishakh, and Bohag Bihu. Because holidays vary by … Read more
Everyone wants their money to grow. But when it comes to investing, many people hesitate because of the risks in the stock market or crypto. If you’re someone who prefers safety and guaranteed returns, a Fixed Deposit (FD) is still one of the most trusted options. And here’s the interesting part — as of April … Read more
The Reserve Bank of India (RBI) is planning to simplify how large non-banking financial companies (NBFCs) are identified. Instead of using a complex scoring system, the RBI now wants to classify NBFCs based mainly on their size. This new approach could also include government-owned NBFCs, which were earlier left out. At first glance, this may … Read more
Reserve Bank of India (RBI) is planning to make digital payments safer as fraud cases continue to rise with the growing use of UPI. The central bank has shared a discussion paper with several new ideas. People can give feedback on these proposals until May 8, after which RBI may release final rules. The goal … Read more
Reserve Bank of India (RBI) has released a discussion paper proposing new safety measures for digital transactions. The move comes as online fraud cases continue to rise across the country. The RBI says scammers are using advanced tricks like fake call centres, deepfake scams, and mule bank accounts to cheat people. Senior citizens and other … Read more
The Reserve Bank of India has taken a big step to make it easier to receive money from abroad. In a circular issued on April 9, 2026, the central bank focused on reducing delays and making cross-border payments smoother. This move is expected to bring relief to individuals and businesses who often faced problems while … Read more
Sending money to a new person may soon come with a short waiting period. If you transfer more than ₹10,000 to a new account, banks may introduce a mandatory one-hour delay. This means your money will not be sent instantly. Instead, it will be held for one hour before completion. During this time, you can … Read more
The Reserve Bank of India (RBI) may soon introduce new rules for classifying non-banking financial companies (NBFCs). This update was shared by RBI Governor Sanjay Malhotra during a recent press conference. The move is important because it could impact several big companies, including the future of Tata Sons. New NBFC Classification Framework Coming Soon RBI … Read more
The Reserve Bank of India (RBI) has made an important change in the money market that could improve how companies and financial institutions borrow funds. In a recent move, RBI has allowed more players—like non-banking financial companies (NBFCs) and corporates—to participate in the term money market. This step is expected to boost liquidity and make … Read more