The Reserve Bank of India has introduced an important reform to improve how banks and financial companies handle customer complaints. Under the new rule, all banks and NBFCs must appoint an Internal Ombudsman. The goal is to ensure that customer complaints are taken seriously and resolved on time, instead of being ignored or closed without … Read more
Canara Bank has updated its fixed deposit (FD) interest rates, offering the highest returns on select short- and mid-term deposits. The new rates came into effect on January 5, 2026. Senior citizens benefit the most, with some callable FDs offering up to 7% interest, even as overall deposit rates decline following recent Reserve Bank of … Read more
From January 9, 2026, IDFC First Bank has reduced interest rates on savings account deposits for domestic, NRE, and NRO accounts. The change affects small and mid-sized balances the most, with cuts of up to 200 basis points, while rates for very large deposits remain mostly unchanged. New Savings Account Interest Rates Here’s the revised … Read more
Karur Vysya Bank (KVB) has introduced its Capital Gains Account Scheme (CGAS), following approval from the Ministry of Finance, Government of India. The service is now available immediately at all KVB branches, except those in rural areas. What Is the Capital Gains Account Scheme? The Capital Gains Account is designed for individuals and Hindu Undivided … Read more
Reserve Bank of India (RBI) Governor Sanjay Malhotra has raised serious concerns about the growing threat of digital fraud in the country. Speaking at an event in Mumbai on Friday, he urged banks and financial institutions to follow rules in their true spirit, not just as a formality. According to him, digital fraud has now … Read more
With the rapid growth of digital payments and online banking, cases of online fraud have also increased significantly. To help customers stay protected, Axis Bank has launched a new ‘Safety Center’ feature on its mobile banking app, ‘Open’. This Safety Center works as a central security hub, giving customers real-time control over their banking activities … Read more
Bank employees across India have announced a nationwide strike on January 27, 2026. The call has been given by the United Forum of Bank Unions (UFBU), which represents various bank employees’ unions. The main demand behind the strike is the introduction of a five-day banking week. The unions say this demand has been pending for … Read more
State Bank of India (SBI) fixed deposits have long been a trusted choice for Indian investors. Whether you are investing for the first time or planning for long-term financial security, SBI FDs are known for safety, stability, and steady returns. Even as many banks have reduced interest rates recently, SBI continues to offer competitive returns. … Read more
Banks often upgrade their systems to improve security and service quality. Because of these upgrades, customers may sometimes face temporary service disruptions. Now, Fino Payments Bank Limited has announced a similar update that will affect its customers for two days. Fino Payments Bank Services to Remain Shut Fino Payments Bank has informed its customers that … Read more
The government is once again planning a big change in the public sector banking system. The aim is to make banks stronger, more competitive, and better equipped to serve customers. Union Bank and Bank of India Merger in Focus According to people familiar with the matter, the government is working on a proposal to merge … Read more
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