If you’ve ever opened your bank app and been bombarded with messages asking you to buy extra services, you’re not alone. Maybe you’ve also noticed extra charges popping up at the final payment screen. Frustrating, right? Now, the Reserve Bank of India (RBI) has stepped in — and it’s sending a clear message to banks: … Read more
Punjab National Bank (PNB) has revised its fixed deposit (FD) interest rates. The new rates came into effect on February 24, 2026. These revised rates apply to deposits below ₹3 crore. After the latest change, PNB’s special 444-day FD scheme has become the most attractive among public sector banks. PNB 444-Day FD Scheme PNB is … Read more
The month of March is about to start, and a new list of bank holidays will also come into effect. Many festivals, including Holi, will be celebrated during this month. If you have any important banking work, it is better to first check which days banks will remain closed. Because of festivals and regular weekly … Read more
The Reserve Bank of India has released the schedule for premature redemption of Sovereign Gold Bond Scheme (SGB) for the period April 2026 to September 2026. If you invested in SGBs and are planning to exit before full maturity, this calendar is important. What Is Premature Redemption? Sovereign Gold Bonds have an 8-year maturity period. … Read more
Fixed deposit (FD) investors have felt the impact of falling interest rates over the past year. After the Reserve Bank of India cut the repo rate by 125 basis points in 2025, banks and NBFCs slowly reduced FD rates across tenures. For many senior citizens who depend on FD income for monthly expenses, this has … Read more
ICICI Bank has announced a major update for its credit card users. The bank has changed the way the Minimum Amount Due (MAD) is calculated. These changes will apply to different credit card categories from March 1, 2026 and March 20, 2026. The bank has also updated the spending rules required to get airport lounge … Read more
There is good news for bank employees and pensioners. The Indian Banks’ Association (IBA) has announced revised Dearness Allowance (DA) rates for February, March and April 2026. It has also revised Dearness Relief (DR) for pensioners for the period February to July 2026. Here’s what it means for employees and retirees. Dearness Allowance Increased for … Read more
The Reserve Bank of India has changed the timeline for a key rule that affects the derivatives market. From January 1, 2027, all over-the-counter (OTC) derivative transactions in India will need a Unique Transaction Identifier (UTI). The rule was earlier set to begin on April 1, but the RBI has pushed it back by nine … Read more
Bank of Baroda has issued an urgent alert for its customers, especially senior citizens and pensioners. The bank has noticed a rise in digital fraud cases involving fake “Pensioner Card” offers circulating on WhatsApp, social media, and other messaging platforms. These messages try to trick people into sharing personal and banking details. The bank clarified … Read more
Indian Overseas Bank (IOB) has launched a new Online Death Claim Settlement Portal, making it easier for families and legal heirs to settle bank claims after the loss of a loved one. The move aims to reduce paperwork, speed up processing, and offer support during one of the most difficult times in a family’s life. … Read more
If you have important bank work pending, you may want to pause before stepping out. Banks in several states will remain closed over the next few days, so checking the holiday schedule in advance can save you time and effort. These holidays are based on the guidelines issued by the Reserve Bank of India (RBI). … Read more