There is good news for NRIs and people holding savings in foreign currency. India’s two largest public sector banks, SBI and Bank of Baroda, have increased interest rates on FCNR(B) deposits. With the revised rates, customers can now earn up to 6% interest on select foreign currency deposits. The move comes after recent steps taken … Read more
Having a bank account is now essential for everyday life. Whether you want to receive your salary, get government benefits, or make online payments, a bank account is necessary. To make banking easier, SBI allows customers to open a savings account online from home. The best part is that the SBI Insta Plus Savings Account … Read more
Fixed Deposits (FDs) remain one of the most trusted investment options for Indians looking for safe and stable returns. With interest rates changing based on RBI policy decisions, inflation, and market conditions, many investors closely track FD rates before investing. If you’re planning to open an FD, State Bank of India (SBI) continues to offer … Read more
Customers who use their SBI credit cards to earn reward points on bill payments, insurance premiums, and online shopping may soon get fewer benefits. SBI Card has announced major changes to the reward points program for PhonePe SBI Credit Card PURPLE and SELECT BLACK cardholders. The new rules will come into effect from July 1, … Read more
Millions of State Bank of India (SBI) customers across the country can relax for now. The proposed two-day nationwide strike scheduled for May 25 and 26 has been deferred. SBI has confirmed in an official customer advisory that all branches will continue to function normally and banking services will remain fully operational during this period. … Read more
The All India State Bank of India Staff Federation has announced a two-day nationwide strike at SBI on May 25 and 26 over several employee-related demands. The announcement came after a protest held outside a major SBI administrative office in Kolkata, where more than 100 employees reportedly participated in a dharna organised by the federation. … Read more
State Bank of India (SBI) customers could face major disruptions later this month, as bank branches may remain closed for up to six consecutive days in some regions. The situation is expected due to a mix of weekends, holidays, and a planned employee strike. If this happens, it could become one of the longest branch … Read more
Employees of State Bank of India (SBI), the country’s largest public sector bank, have announced a two-day nationwide strike on May 25 and 26, 2026. The strike has been called by the All India State Bank of India Staff Federation (AISBISF), which represents workmen employees across the bank. The union says this move is necessary … Read more
SBI Cards has announced changes to its late payment charges (LPC), effective from May 1, 2026. The update mainly affects users with lower outstanding amounts. The rest of the fee structure remains the same. What Has Changed in Late Payment Charges Under the revised rules, charges for smaller dues have been reduced and made more … Read more
The Department of Financial Services has introduced a special initiative called the Salary Account Package for Central Government Employees. The goal of this scheme is to improve financial benefits and provide better social security to government staff across India. Under this initiative, all Central Government employees (Group A, B, and C) have been encouraged to … Read more
If you are looking for a safe and short-term investment option, this new offer from SBI Mutual Fund could be worth your attention. The fund house has launched two new constant maturity index funds focused on short-term debt in the financial services sector. These are: SBI CRISIL-IBX Financial Services 3–6 Months Debt Index Fund SBI … Read more