Yes Bank has recently updated its fixed deposit (FD) interest rates for deposits under Rs 3 crore. For general citizens, the bank now offers interest rates ranging from 3.25% to a maximum of 7.75%. Senior citizens enjoy a slightly higher range, from 3.75% to 8.25%. The bank has specifically reduced the interest rate on the … Read more
The Reserve Bank of India (RBI) issued a circular on September 20, 2019, with guidelines for equalizing turnaround time (TAT) and compensating customers for transaction failures. According to this circular, if a bank does not reverse debited money within a set time frame after a transaction fails, it must pay a daily penalty until the … Read more
Banks offer locker facilities to various customers, including personal clients, partnership firms, limited companies, and clubs. However, lockers cannot be assigned to minors. The banks serve as lessees, providing these locker services for an annual rental fee. Security and Liability Banks ensure that the security of customers’ valuables is better than the rental fees they … Read more
The Modi government is planning to merge 21 Regional Rural Banks (RRBs) to enhance banking services and reduce costs. This is part of the fourth phase of merging RRBs. The government aims to reduce the total number of RRBs from 43 to 28. As a result, the accounts of customers from the merged banks will … Read more
If you use an SBI Card or an ICICI Bank Credit Card, there is significant news regarding changes to payment rules for utility bills such as electricity, gas, and water. SBI Card has implemented important updates for its users starting November 1, 2024. Similarly, ICICI Bank will introduce its changes on November 15, 2024. These … Read more
The month of November has started today, bringing with it several holidays for banks. In addition to the regular weekly breaks, banks will be closed on multiple days throughout the month in many cities across the country. The Reserve Bank of India (RBI) has released the bank holiday list for November. If you plan to … Read more
November is just around the corner, and many working people are talking about the long weekends and holidays for the month. The Reserve Bank of India (RBI) has announced that banks will be closed for a total of 13 days in November. This count includes the regular weekly holidays on Saturdays and Sundays. However, the … Read more
The festive season is here, and many banks are offering special deals on credit cards to attract customers during Diwali. However, shortly after the festival, SBI and ICICI Bank have announced changes to their credit card rules. ICICI Bank had already made adjustments to its credit card and debit card policies at the beginning of … Read more
If you want to keep your savings safe and earn a better interest rate, this information is for you. The Reserve Bank of India (RBI) has maintained the repo rate in its last 10 meetings, but experts believe it might decrease in the upcoming meeting in December. This could lead banks to lower their lending … Read more
In India, buying a car or a house during the festive season is considered lucky. This is also a time when banks offer discounts on car loans and interest rates. This year, 18 major banks in the country are providing attractive interest rates and additional benefits on car loans. These benefits include zero processing fees, … Read more
Indian Overseas Bank (IOB), a public sector bank, has announced its financial results for the July-September quarter of the current fiscal year. The bank’s profit increased by 24% during this period, reaching Rs 777 crore, compared to Rs 625 crore in the same quarter last year. According to a notice to the stock market, IOB’s … Read more