If you are looking for a safe investment with guaranteed returns, a fixed deposit in a government bank can be a good option. Bank of India, one of India’s 12 public sector banks, is currently offering attractive interest rates on fixed deposits after revising its rates from December 1, 2025. With the right FD scheme, … Read more
The Reserve Bank of India (RBI) has introduced new rules to make bank lending more transparent and prevent conflicts of interest. Starting April 1, 2026, banks will no longer be allowed to lend money to: Their promoters Major shareholders Companies controlled or influenced by these individuals The goal is to strengthen governance, improve transparency, and … Read more
Fixed Deposits (FDs) have always been a trusted investment option for senior citizens. They offer safety, stable returns, and peace of mind, especially during uncertain market conditions. To attract senior investors, many banks are now offering higher interest rates under special senior citizen FD schemes. At present, interest rates on 5-year FDs have gone up … Read more
If you still have Rs 2,000 notes at home, there’s no need to worry. The Reserve Bank of India (RBI) has confirmed that these notes continue to be legal tender, even though they have been withdrawn from active circulation. The Rs 2,000 note was officially withdrawn in May 2023 to improve the availability of smaller … Read more
Banks in India do not operate on national holidays, and they also remain closed on certain regional holidays depending on the state. While national holidays apply across the country, state-specific holidays can differ, often catching customers off guard. Many people delay important bank work to Saturdays due to busy weekdays. However, it’s important to remember … Read more
ICICI Bank has introduced the Capital Gains Account Scheme (CGAS), a facility that lets taxpayers park unutilised long-term capital gains while still claiming tax exemptions and earning interest on the deposited funds. The launch comes after the government approved ICICI Bank as an authorised institution to accept deposits under this scheme. The facility is available … Read more
With the beginning of the new year, many investors are once again looking for safe and reliable investment options. Fixed Deposits (FDs) continue to remain a popular choice, especially for those who prefer guaranteed returns. In this article, we explain how you can earn fixed interest of up to ₹22,420 by depositing ₹1 lakh in … Read more
If you have recently repaid a loan or cleared your credit card dues, there is good news. You no longer need to wait for months to see an improvement in your credit score. The Reserve Bank of India (RBI) has introduced new rules that will make credit score updates much faster from 2026. This change … Read more
As 2025 comes to an end, many people are wondering whether banks will be open on New Year’s Day, January 1, 2026. Since many offices and businesses remain closed for the holiday, it’s important to check before visiting a bank, especially if you have urgent transactions to handle. The Reserve Bank of India (RBI) releases … Read more
The Reserve Bank of India (RBI) has reduced the repo rate by 1.25 percent this year, bringing it down to 5.25 percent. Generally, when the repo rate is cut, interest rates on loans and fixed deposits (FDs) also fall. However, even after this reduction, several banks are still offering attractive interest rates on FD schemes. … Read more
The Reserve Bank of India (RBI) has issued a warning for bank account holders. Starting January 1, banks may begin closing certain types of inactive accounts. This move is aimed at cleaning up unused accounts, reducing fraud risks, and improving overall banking system hygiene. If you’re unsure whether your account could be affected, here’s what … Read more