The Reserve Bank of India (RBI) has made a key change for travelers and traders visiting Nepal. Indian currency notes of ₹200 and ₹500 denominations can now be carried and used in Nepal. Earlier, these high-value notes were banned, causing inconvenience for people traveling or doing business across the border. How Much Currency Can You … Read more
If you’ve been waiting for months for your bank or NBFC to solve your complaint, here’s some good news. The Reserve Bank of India (RBI) is launching a special two-month mission to clear all complaints that have been pending for more than 30 days. This fast-track campaign will run from January 1, 2025, to February … Read more
The Reserve Bank of India (RBI) has introduced important changes to provide relief to regular customers. These updates apply to Basic Savings Bank Deposit (BSBD) accounts, also known as zero-balance accounts. Under the new rules, BSBD account holders will get several facilities such as: Monthly deposit limits Free ATM or debit card access with no … Read more
The Reserve Bank of India (RBI) has reduced the repo rate by 0.25%. This move is expected to bring relief to the general public. With the new rate coming into effect, EMIs on home loans, car loans, and other retail loans are likely to become cheaper. This means consumers will have more money left to … Read more
At a time when people are worried about minimum balance rules, banking charges, and digital payment fees, the Reserve Bank of India has made an important decision. RBI has changed the rules for the Basic Savings Bank Deposit (BSBD) account, giving big relief to all bank customers. BSBD accounts will now be treated as normal … Read more
The Reserve Bank of India’s Monetary Policy Committee (MPC) has reduced the repo rate by 25 basis points, bringing it down from 5.5% to 5.25%. Governor Sanjay Malhotra announced the decision on Friday. This reduction means home loans, car loans, and personal loans will now become cheaper. As a result, EMIs will reduce, and people … Read more
The Reserve Bank of India (RBI) has released new rules for providing banking services through digital channels, effective January 1, 2026. These guidelines aim to strengthen customer protection, compliance, and transparency, while ensuring safer digital banking experiences. Banks will now face stricter approval processes, disclosure requirements, and grievance redressal standards. Why the New Rules Were … Read more
Suryoday Small Finance Bank has increased interest rates on its fixed deposits (FDs), offering an annual return of 8% on 5-year deposits. This rate is among the highest currently available in the market. The new rates came into effect from December 3, 2025. Both regular customers and senior citizens are eligible for this attractive 5-year … Read more
The Reserve Bank of India (RBI) has introduced new rules to make banking more inclusive and easier to use. The goal is simple: ensure every customer—especially those in rural and semi-urban areas—can access banking services without facing language barriers. Making Banking Customer-Friendly Under the updated guidelines, banks must follow a Board-approved policy covering customer service, … Read more
Many people open bank accounts to keep their money safe and earn good interest. Once we deposit our money, we feel secure. However, no one can predict when a bank might go bankrupt, which can put your savings at risk. If you want to ensure your money stays safe, this information is important for you. … Read more
The central government is preparing for one of the biggest changes in the banking sector. A new plan is underway to merge several public sector banks. If everything moves as planned, by 2027, India may have only four major public sector banks instead of the current twelve. The idea is to merge smaller banks with larger … Read more