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
The Reserve Bank of India (RBI) has introduced seven new guidelines for banks, covering areas such as interest rates, loans against gold and silver, and capital regulations. These rules will come into effect on October 1, 2025. In addition, the RBI has also released four draft guidelines, aimed at benefiting both customers and banks. Changes … Read more
The Reserve Bank of India (RBI) has introduced new rules to make it easier and faster for families to claim money, lockers, or deposits after the death of a bank customer. Banks must now settle such claims within 15 days. If there is any delay, the nominee will get compensation from the bank. Key Objectives … Read more
The Reserve Bank of India (RBI) has announced new rules to make digital payments more secure. Under these rules, two-factor authentication (2FA) options beyond SMS OTP will now be allowed. These regulations, called the “Authentication Mechanisms for Digital Payment Transactions Directions, 2025,” will take effect from April 1, 2026. What Are the New Authentication Options? … Read more
As September 2025 is approaching, people are already checking the list of bank holidays. This month, banks will remain closed for 15 days in total. Out of these, 9 holidays are due to festivals, while the rest are weekly offs. Major festivals like Onam, Navratri, and Eid are falling in September, which has increased the … Read more
If you often deposit cheques in the bank, here’s some good news. Till now, cheque clearance used to take 2–3 days, but this delay will soon end. The Reserve Bank of India (RBI) has announced a big change—starting October 2025, cheque clearance will happen in real-time. This means the money will reach your account within … Read more
India’s automobile market is expected to be very active in July 2025, as many new cars will be launched this month. These launches include electric MPVs, luxury sedans, and updated versions of popular vehicles. Meanwhile, the Reserve Bank of India (RBI) has provided relief to loan borrowers. The RBI has announced the removal of pre-payment … Read more
The Reserve Bank of India (RBI) is strengthening its control over credit information companies (CICs) and has introduced a roadmap to improve customer awareness, data accuracy, and real-time reporting. As per a Zee Business report, the RBI is taking active steps to improve how credit bureaus function. It has instructed regulated entities like banks to … Read more
If you don’t have time to closely watch the stock market, investing in mutual funds can be a good option for you. Even with a small SIP of Rs 100, you can get better returns. We have picked 5 such mutual funds where you can invest just Rs 100 monthly. These funds have given up … Read more
After the Reserve Bank of India (RBI) reduced the repo rate by 0.50% (50 basis points) in June 2025, many major banks in the country have lowered the interest rates on their savings accounts. Because of this, bank customers—especially those with high balances—will now earn less interest than before. Customers should now check their bank’s … Read more