The Reserve Bank of India (RBI) has released draft guidelines to update credit scores every week. This is a major step to improve the country’s credit system. At present, banks and financial institutions send customer credit data to credit bureaus once a month or once every two weeks. After the new rules are implemented, these … Read more
December is the last month of the year, and during this month, banks will be closed for 18 days due to festivals and weekly holidays. Out of these, six days are weekly offs that apply to all states. The remaining holidays will vary depending on state-specific festivals. Apart from Christmas, many local festivals in different … Read more
The Government of India has given major relief to taxpayers. The Ministry of Finance has announced that the facility to deposit money under the Capital Gains Account Scheme (CGAS) will no longer be limited to public sector banks. In a recent notification, the government has included 19 private and small finance banks in the list. … Read more
The Reserve Bank of India (RBI) has directed all banks to move their official websites to the ‘.bank.in’ domain to strengthen cybersecurity and reduce online fraud. According to an RBI circular, the migration to this new domain must be completed by October 31, 2025, or earlier. Major banks such as State Bank of India (SBI), … Read more
Reserve Bank of India (RBI) Governor Sanjay Malhotra said on Friday that lifting restrictions on acquisition financing for banks will help strengthen the real economy. Recently, the RBI allowed banks to fund acquisitions and also raised loan limits for buying shares in IPOs. This move signals a major push to increase bank lending and investment … Read more
November is packed with several bank holidays. Last month, many banks were closed multiple times due to the festive season. The Reserve Bank of India (RBI) releases a list of bank holidays in advance, so customers can plan their visits accordingly. If you’re planning to go to the bank on Wednesday, November 5, you should … Read more
If you have a bank account, or even a locker or safe custody, this update from the Reserve Bank of India (RBI) is important for you. RBI has made major changes to the nomination rules, which will take effect from November 1, 2025.These new rules will apply to all banks in India — public, private, … Read more
This week, between November 3 and 9, banks in different states will remain closed on certain days due to various festivals and events. According to the Reserve Bank of India (RBI) holiday list, some regions will have up to four bank holidays during this period. Banks usually remain closed on Sundays and the second and … Read more
for banks, and November will also have several days when banks remain closed — around nine to ten in total. If you plan to visit your bank in November, make sure to check the official list of holidays released by the Reserve Bank of India (RBI). This will help you avoid any last-minute trouble. The … Read more
Starting November 1, 2025, new banking regulations will allow account holders to nominate up to four nominees for their bank accounts. Earlier, the limit was only two. This change will give individuals greater control over their money and assets and make the claims settlement process more transparent and easier to manage. Nominee Contact Details Now … Read more
Starting October 1, 2025, the Reserve Bank of India (RBI) has introduced a one-year incentive scheme to reduce inactive bank accounts and unclaimed funds. Under this scheme, banks will earn incentives based on the deposits and the duration of inactivity in these accounts. The goal is to encourage banks to contact customers, reactivate accounts, and … Read more