August is packed with festivals like Raksha Bandhan, Independence Day, Onam, and Varavafat. Because of these celebrations, banks will remain closed on several days across different states. Apart from the regular Saturday and Sunday holidays, banks will observe festival holidays in many cities. Here’s the complete holiday list. Are Banks Closed Today? (August 1) No. … Read more
The Reserve Bank of India (RBI) has announced new rules for Fixed Deposits (FDs) and other bank deposits that will come into effect from October 1, 2026. The changes were introduced through the Reserve Bank of India (Commercial Banks – Interest Rates on Deposits) Second Amendment Directions, 2026, issued on July 30, 2026. The new … Read more
If you use your debit or credit card while travelling abroad or shopping on international websites, this update is important. Axis Bank and Kotak Mahindra Bank have increased their Dynamic Currency Conversion (DCC) charges, which means some foreign card transactions could now become more expensive. Axis Bank Raises DCC Charges Axis Bank has increased the … Read more
Studying abroad is a dream for many students, but the high cost of tuition fees, accommodation, and daily expenses often becomes a major barrier. To help talented students overcome financial challenges, several organizations offer scholarships. One such opportunity is being provided by the State Bank of India (SBI). SBI has launched the SBI Platinum Jubilee … Read more
SBI Mutual Fund, India’s largest fund house, has launched a new Fund of Funds (FoF) called the SBI Nifty Midcap 150 Momentum 50 ETF Fund of Funds. The New Fund Offer (NFO) opened on July 27, 2026. This open-ended scheme mainly invests in the SBI Nifty Midcap 150 Momentum 50 ETF. It is designed for … Read more
Planning to visit your bank in August? Make sure you check the holiday calendar first. According to the Reserve Bank of India (RBI), banks across the country will remain closed on 14 days in August 2026, including weekends, national holidays, and regional festivals. While bank branches will remain shut on these days, online banking services … Read more
If you have any important bank-related work next week, it’s a good idea to check the holiday calendar first. According to the Reserve Bank of India (RBI), bank branches will remain closed on three days between July 20 and July 26, 2026, due to a regional festival and regular weekly holidays. While physical branches will … Read more
Digital payments have made everyday transactions much easier. People no longer need to carry cash everywhere, as UPI has become the preferred payment method for millions. If you regularly use UPI, there may be an important change coming soon. According to sources, the central government is considering bringing back the Merchant Discount Rate (MDR) on … Read more
The Reserve Bank of India (RBI) has introduced a major rule to stop loan defaulters from buying back properties seized by banks. Under the new rules, if a bank takes possession of a borrower’s property because of unpaid loans, the defaulter cannot purchase that property again during the auction. The restriction also applies to the … Read more
If you’re planning to invest in a fixed deposit (FD), this could be the right time to check the latest interest rates. Unity Small Finance Bank has revised its FD interest rates, with the new rates coming into effect from July 15. The bank is now offering up to 8.50% annual interest on its special … Read more
The Reserve Bank of India (RBI) has proposed a major change that could make it easier for mutual funds, insurance companies, and pension funds to increase their stake in banks. Under the proposal, these institutions would need RBI approval only for their first major investment in a bank. After that, they could buy or sell … Read more