There is good news for bank employees and pensioners. The Indian Banks’ Association (IBA) has announced revised Dearness Allowance (DA) rates for February, March and April 2026. It has also revised Dearness Relief (DR) for pensioners for the period February to July 2026. Here’s what it means for employees and retirees. Dearness Allowance Increased for … Read more
The Reserve Bank of India has changed the timeline for a key rule that affects the derivatives market. From January 1, 2027, all over-the-counter (OTC) derivative transactions in India will need a Unique Transaction Identifier (UTI). The rule was earlier set to begin on April 1, but the RBI has pushed it back by nine … Read more
Bank of Baroda has issued an urgent alert for its customers, especially senior citizens and pensioners. The bank has noticed a rise in digital fraud cases involving fake “Pensioner Card” offers circulating on WhatsApp, social media, and other messaging platforms. These messages try to trick people into sharing personal and banking details. The bank clarified … Read more
Indian Overseas Bank (IOB) has launched a new Online Death Claim Settlement Portal, making it easier for families and legal heirs to settle bank claims after the loss of a loved one. The move aims to reduce paperwork, speed up processing, and offer support during one of the most difficult times in a family’s life. … Read more
If you have important bank work pending, you may want to pause before stepping out. Banks in several states will remain closed over the next few days, so checking the holiday schedule in advance can save you time and effort. These holidays are based on the guidelines issued by the Reserve Bank of India (RBI). … Read more
IDFC First Bank has introduced the Hello Cashback Credit Card, a fixed deposit (FD)-linked card designed for people who want to build their credit history. The credit limit on this card is equal to the amount kept in the fixed deposit. The bank also provides cashback on payments made using this card. Cashback Benefits on … Read more
Looking for a safe way to grow your savings? Bank of Baroda is currently offering attractive interest rates on its Fixed Deposit (FD) schemes. The bank is offering FD interest rates ranging from 3.50% to 7.05%. Customers can open an FD for as little as 7 days and up to 10 years. Let’s take a … Read more
Cyber fraud is rising fast across India. As digital payments grow, so do online scams. Every day, cases involving fraud worth crores of rupees are being reported. To tackle this growing threat, the government is now turning to artificial intelligence. A new AI-powered system called MuleHunter.ai is being rolled out across banks to detect suspicious … Read more
The Reserve Bank of India (RBI) on Friday issued final guidelines for financing acquisitions (one company buying another company). Under these new rules, banks will now be able to lend up to a maximum of 75 percent of the total value of an acquisition deal. This limit was previously set at 70 percent in the … Read more
India’s farmers may soon see big changes in their loan system. In a notification dated February 6, the Reserve Bank of India (RBI) announced that it is preparing revised guidelines for the Kisan Credit Card (KCC) scheme. The goal is simple — modernize this 30-year-old scheme and make farm loans more practical for today’s agricultural … Read more
Canara Bank has made a small change to its lending rates. The bank informed the stock exchanges that its Marginal Cost of Funds Based Lending Rate (MCLR) has been revised. The new rates are effective from February 12, 2026. MCLR is the minimum interest rate below which a bank cannot lend. It was introduced by … Read more