The Reserve Bank of India (RBI) announces a list of bank holidays each month. For December 2024, there are 17 bank holidays in total. These include weekly holidays, second and fourth Saturdays, and various festivals. The RBI has posted this list on its official website. Weekly Holidays and Major Festival Closures December has five Sundays, … Read more
Axis Bank, the country’s third-largest private sector bank, will implement changes to its credit card charges starting December 20, 2024. Customers have been notified about these updates, which include new redemption fees, revised interest rates, and additional transaction charges. New Redemption Fees for EDGE Rewards and Miles Axis Bank is introducing redemption fees for its … Read more
ICICI Prudential Mutual Fund has introduced a new investment option called the ICICI Prudential Equity Minimum Variance Fund. This open-ended equity scheme focuses on a minimum variance strategy to reduce volatility while aiming for long-term capital growth. Fund Objectives The primary goal of this fund is to generate long-term capital growth by investing in equity … Read more
Bank of Baroda has revised the interest rates for its fixed deposits. The interest rates for domestic bulk FDs, ranging from Rs 3 crore to Rs 10 crore, have been reduced. The bank has also changed the interest rates for NRO and NER deposits, ranging from Rs 10 crore to Rs 1000 crore. New FD … Read more
ICICI Bank is one of the most popular private banks in India, and many people use their credit cards. If you have an ICICI Bank credit card, some important rule changes are coming soon. Starting from November 15, 2024, the bank will introduce several new rules. Here’s a look at the changes and how they … Read more
The Reserve Bank of India (RBI) has introduced new rules regarding credit scores, which aim to address many complaints people had about the system. These changes will make it easier for you to access loans and ensure your credit score remains safe. The RBI’s goal is to create a more transparent and efficient credit score … Read more
Yes Bank has recently updated its fixed deposit (FD) interest rates for deposits under Rs 3 crore. For general citizens, the bank now offers interest rates ranging from 3.25% to a maximum of 7.75%. Senior citizens enjoy a slightly higher range, from 3.75% to 8.25%. The bank has specifically reduced the interest rate on the … Read more
The Reserve Bank of India (RBI) issued a circular on September 20, 2019, with guidelines for equalizing turnaround time (TAT) and compensating customers for transaction failures. According to this circular, if a bank does not reverse debited money within a set time frame after a transaction fails, it must pay a daily penalty until the … Read more
Banks offer locker facilities to various customers, including personal clients, partnership firms, limited companies, and clubs. However, lockers cannot be assigned to minors. The banks serve as lessees, providing these locker services for an annual rental fee. Security and Liability Banks ensure that the security of customers’ valuables is better than the rental fees they … Read more
The Modi government is planning to merge 21 Regional Rural Banks (RRBs) to enhance banking services and reduce costs. This is part of the fourth phase of merging RRBs. The government aims to reduce the total number of RRBs from 43 to 28. As a result, the accounts of customers from the merged banks will … Read more
If you use an SBI Card or an ICICI Bank Credit Card, there is significant news regarding changes to payment rules for utility bills such as electricity, gas, and water. SBI Card has implemented important updates for its users starting November 1, 2024. Similarly, ICICI Bank will introduce its changes on November 15, 2024. These … Read more