ICICI Bank has introduced the Capital Gains Account Scheme (CGAS), a facility that lets taxpayers park unutilised long-term capital gains while still claiming tax exemptions and earning interest on the deposited funds. The launch comes after the government approved ICICI Bank as an authorised institution to accept deposits under this scheme. The facility is available … Read more
With the beginning of the new year, many investors are once again looking for safe and reliable investment options. Fixed Deposits (FDs) continue to remain a popular choice, especially for those who prefer guaranteed returns. In this article, we explain how you can earn fixed interest of up to ₹22,420 by depositing ₹1 lakh in … Read more
If you have recently repaid a loan or cleared your credit card dues, there is good news. You no longer need to wait for months to see an improvement in your credit score. The Reserve Bank of India (RBI) has introduced new rules that will make credit score updates much faster from 2026. This change … Read more
As 2025 comes to an end, many people are wondering whether banks will be open on New Year’s Day, January 1, 2026. Since many offices and businesses remain closed for the holiday, it’s important to check before visiting a bank, especially if you have urgent transactions to handle. The Reserve Bank of India (RBI) releases … Read more
The Reserve Bank of India (RBI) has reduced the repo rate by 1.25 percent this year, bringing it down to 5.25 percent. Generally, when the repo rate is cut, interest rates on loans and fixed deposits (FDs) also fall. However, even after this reduction, several banks are still offering attractive interest rates on FD schemes. … Read more
The Reserve Bank of India (RBI) has issued a warning for bank account holders. Starting January 1, banks may begin closing certain types of inactive accounts. This move is aimed at cleaning up unused accounts, reducing fraud risks, and improving overall banking system hygiene. If you’re unsure whether your account could be affected, here’s what … Read more
The Reserve Bank of India (RBI) cut the repo rate by 1.25% this year, bringing it down to 5.25%. Usually, when the repo rate falls, loan interest rates and FD returns also decrease. However, some banks are still offering attractive fixed deposit schemes. One such option is the Union Bank of India FD, which allows … Read more
As 2025 comes to an end, the last two days of the year are crucial for your finances. From banking and taxation to digital payments and investments, several important changes will take effect starting the night of December 31, 2025, and the morning of January 1, 2026. Ignoring these updates could lead to penalties or … Read more
If you have a bank account and haven’t updated your KYC (Know Your Customer) details, this is important news. The Reserve Bank of India (RBI) has warned that delays and negligence in KYC updates are making banks more vulnerable to fraud. This problem is especially serious in villages and small towns, where many people ignore … Read more
The year 2025 is about to end, and the new year 2026 will begin this week. If you are planning to visit a bank in January, it is important to check the Reserve Bank of India’s (RBI) holiday list in advance. This can help you avoid inconvenience, as banks will remain closed on several days … Read more
Axis Bank has launched a new digital loan product called Digital Merchant Cash Advance Loans to support micro and small businesses across India. Announced on December 23, this facility offers unsecured loans from ₹2 lakh to ₹20 lakh, making it a first-of-its-kind offering in the Indian banking sector. The loan is designed especially for small … Read more