Bank employees have received good news as their Dearness Allowance (DA) has been increased. This move will directly raise their monthly salary and improve overall income. The new DA has been revised to 25.70 percent, up from the earlier 25 percent. This means a rise of 0.70 percent. The increase is based on the Consumer … Read more
Bank employees have received some good news. After the recent hike for central government staff, bank employees are now getting a rise in their Dearness Allowance (DA) as well. The new DA rates have come into effect from May 1 and will be applicable for the May–July 2026 period. DA Increased: What Has Changed? The … Read more
Canara Bank is one of India’s major government banks, known for its wide branch network and large customer base across the country. Along with regular banking services, the bank is also attracting attention for its fixed deposit (FD) schemes that offer steady returns. If you prefer safe investments with guaranteed returns, Canara Bank’s FD plans … Read more
India Post Payments Bank (IPPB) has introduced a new savings account specially designed for Self Help Groups (SHGs). This account comes with zero balance and is aimed at improving financial access in rural India, especially for women-led groups. It is also linked to government programmes like the National Rural Livelihoods Mission, which supports rural livelihoods. … Read more
ICICI Bank has introduced a new feature that could make your UPI payments quicker and more secure. You can now approve certain UPI transactions using your fingerprint or face recognition, instead of entering your UPI PIN every time. No More PIN for Small Payments This new feature works for UPI payments of up to Rs … Read more
The Reserve Bank of India (RBI) has introduced new rules for urban co-operative banks (UCBs), and they bring some important changes—especially for homebuyers. These updated guidelines will come into effect from October 1, and they mainly focus on housing loans, unsecured lending, and stricter credit discipline. Big Relief for Home Loan Borrowers One of the … Read more
If you’re planning any bank-related work in May, it’s important to know when banks will be open and when they’ll be closed. Here’s a simple and clear breakdown so you don’t get caught off guard. How Bank Holidays Work in India In India, banks follow a fixed weekly schedule. They remain open on the first … Read more
There’s some relief coming for credit card users. The Reserve Bank of India (RBI) has introduced new rules that change how late payment penalties are applied. Under the new guidelines, you won’t be charged a penalty immediately if you miss your credit card due date. But before you relax, there are a few important conditions … Read more
The Reserve Bank of India (RBI) has introduced new rules that will change how banks handle loan risks. These guidelines aim to make the system more proactive, helping banks prepare for future losses instead of reacting after problems occur. The new rules will come into effect from April 1, 2027, giving banks time to adjust. … Read more
Punjab National Bank (PNB) has partnered with fintech platform Kiwi to make digital payments easier for its nearly 180 million customers. Kiwi is known for offering credit through UPI, and this partnership will help users access instant credit while making payments. In simple terms, customers will now be able to pay via UPI even if … Read more
Even today, fixed deposits (FDs) remain one of the safest ways to invest money. There’s no risk of market loss, and you already know how much return you’ll get in the end. That’s why many people still trust FDs for steady and secure savings. Let’s take a simple look at what Bank of Baroda is … Read more