The Reserve Bank of India (RBI) has postponed the implementation of Phase 2 rules related to faster cheque clearance. These rules were earlier scheduled to come into effect on January 3, 2026. The RBI announced this decision through a circular issued on December 24. According to the circular, the second phase of the Continuous Clearing … Read more
Canara Bank has introduced a new unified UPI app, Canara ai1Pe, designed to make digital payments faster, simpler, and more secure. The app allows users from any bank to link their accounts for transfers, QR payments, bill payments, and even auto-debit for recurring payments. This UPI app is part of Canara Bank’s Canara ai1 Mobile … Read more
Union Bank of India has lowered interest rates on select retail loans, effective 18 December 2025. The move makes it easier for borrowers to access Home Loans, Vehicle Loans, and Personal Loans at more affordable rates. The bank is among the first in the sector to react to recent monetary easing. Details of the Revised … Read more
If you are planning to visit a bank for any important work, this update is very important. Due to Christmas-related holidays, banking services will be affected for nearly a week in three northeastern states. Continuous bank closures may create difficulties for regular customers as well as business owners, so planning ahead is essential. Banks Closed … Read more
The Reserve Bank of India (RBI) is expected to reduce the repo rate by 25 basis points at its upcoming monetary policy meeting in February 2026. According to a report by Union Bank of India (UBI), this would bring the repo rate down to 5%. The RBI had already lowered the rate by 25 basis … Read more
If you use an ICICI Bank credit card, this update is important for you. ICICI Bank has announced major changes in credit card charges, reward points, and several popular benefits. These changes will apply to all retail credit card users and will be implemented in a phased manner between January and February 2026. New Charges … Read more
In May 2023, the Reserve Bank of India (RBI) announced that ₹2,000 notes would be gradually withdrawn from circulation. Even after more than two years, around ₹6,000 crore worth of these notes have still not returned to banks. According to the RBI, 98.37% of ₹2,000 notes issued by October 31, 2025, have been deposited, but … Read more
If you are a Kotak Mahindra Bank customer, take note. The bank has announced that several digital banking services will be temporarily unavailable due to scheduled maintenance. Customers will not be able to access certain services tonight, December 20th, and into the morning of December 21st. The bank advises users to complete any urgent banking … Read more
For senior citizens, fixed deposits (FDs) remain one of the safest investment options. Unlike the stock market or mutual funds, FDs provide guaranteed returns and are low-risk. This makes them ideal for retirees who want regular income without taking any financial risk. Interestingly, some small finance banks are offering attractive interest rates of up to … Read more
As 2025 comes to an end, many people are already preparing their finances for the new year. Whether it’s updating a passbook, depositing a check, or applying for a loan, banks play a crucial role in financial planning. However, it’s important to remember that banks remain closed on certain holidays. Not keeping these closures in … Read more
After the RBI cut the repo rate by 25 basis points to 5.25% in its December meeting, several major banks moved quickly to adjust their interest rates. Following SBI and HDFC Bank, Canara Bank has now revised both its lending rates and fixed deposit (FD) rates. While borrowers may welcome lower loan rates, depositors may … Read more