ICICI Bank has reduced interest rates on its fixed deposits (FDs) by 10 basis points (bps) for deposits below ₹3 crore. The revised rates came into effect on March 11, 2026. The updated rates apply to deposits with a premature withdrawal facility across tenures ranging from 7 days to 10 years. After the revision, the … Read more
Over the last few years, Apple has been steadily expanding its manufacturing operations in India. Now the results are clearly visible. According to a recent report, the number of iPhone devices manufactured in India has increased by about 53 percent in the past year. This means that one out of every four iPhones sold worldwide … Read more
Bank of Baroda has introduced a new premium savings account specially designed for women. Called the bob Women Sapphire Savings Account, the new offering combines banking benefits with health, wellness, and lifestyle privileges. The account aims to provide financial convenience while also supporting women’s health and well-being through several additional services. One of the biggest … Read more
The Reserve Bank of India has introduced new guidelines that make it tougher for banks to distribute dividends to shareholders. Under the updated rules, banks will now be allowed to pay out a maximum of 75% of their net profit as dividends. The move aims to ensure that banks maintain strong financial health and adequate … Read more
Private sector lender YES Bank has decided to update some fee-related rules for its credit card users. These new rules will come into effect from April 1. The changes mainly affect utility bill payments and transportation-related expenses. The bank has increased the monthly spending limits in these categories. This means customers can spend more before … Read more
With the rapid growth of digital payments, cases of online fraud are also increasing quickly. To protect bank customers, the Reserve Bank of India (RBI) has proposed new rules that could provide relief in cases of digital banking fraud. According to the proposal, if a customer loses up to ₹50,000 due to digital fraud, they … Read more
As digital services grow rapidly, life has become easier for people. However, cases of online fraud are also increasing at the same time. To address this problem and protect customers, the Reserve Bank of India (RBI) has introduced an important proposal. Under this proposal, people who become victims of small-value digital banking fraud may receive … Read more
The Reserve Bank of India (RBI) has released draft guidelines for a new compensation scheme aimed at protecting people from digital banking fraud. Under the proposed rules, customers who lose money due to fraudulent online banking transactions may receive partial compensation. The move comes as digital payments and online banking continue to grow rapidly in … Read more
Ahead of International Women’s Day, YES Bank has introduced a special salary account designed specifically for working women. The new account is called the YES Essence Women’s Salary Account. According to the bank, this account focuses on women’s financial security, healthcare, and lifestyle needs. It brings several useful benefits together on a single banking platform, … Read more
The Reserve Bank of India (RBI) has permanently cancelled the banking licence of Shimsha Sahakara Bank Niyamitha, a cooperative bank located in Mandya district in Karnataka. After a long legal dispute in court, the decision has now become final. This means the bank must stop all banking activities immediately, and its branches will no longer … Read more
Customers of Punjab National Bank may soon notice a change when withdrawing cash from ATMs. The bank has decided to reduce the daily ATM withdrawal limit for several debit cards by up to 50 percent. The new limits will come into effect from April 1, 2026. According to the bank, this move is aimed at … Read more