As per the latest update, IFSC Codes of the amalgamated bank i.e. Syndicate Bank is going to be changed with effect from 1st July 2021. Nirmala Sitharaman, the Finance Minister of India, announced the consolidation of Syndicate Bank with Canara Bank in April 2019 which came into effect in 2020. The Reserve Bank of India…
ICICI Bank has tied up with SWIFT to offer instant facility for cross-border inward remittances as per the press release on 2nd June 2021. This facility aids in helping the overseas partner banks to instantly send remittances on behalf of their customers to the Indian beneficiaries. Let us have a look at the key benefits…
During these tough times of Covid-19 where stepping out of the house is not easy, your online transactions have been made safer and easier with the help of OTP based login for secured SBI internet banking. A high-security password using the OTP method will help you to keep your bank account transactions safe. SBI customers…
The Reserve Bank of India made key announcements in its monetary policy meet held on 7th April 2021. The main agenda of the meeting was to encourage the non-bank financial institutions for example payments banks, mobile wallets, etc. Moreover, RBI has also extended the NEFT and RTGS facilities, hiked the maximum end of day balance…
Bank of Baroda completed the integration of 3,898 branches of Vijaya Bank and Dena Bank with itself. Vijaya Bank and Dena Bank were merged with Bank of Baroda on 1 April 2019 and the customers could use the old IFSC and MICR codes until intimated by the Bank. The IFSC Codes of Vijaya Bank and…
Bank of Baroda completed the integration of 3,898 branches of Vijaya Bank and Dena Bank with itself. Vijaya Bank and Dena Bank were merged with Bank of Baroda on 1 April 2019 and the customers could use the old IFSC and MICR codes until intimated by the Bank. The IFSC Codes of Vijaya Bank and…
As per the latest update, the IFSC Codes of the amalgamated banks namely Oriental Bank of Commerce, United Bank of India, Syndicate Bank, Andhra Bank, Corporation Bank, and Allahabad Bank have been changed with effect from 1st April 2021. These public sector banks were consolidated in April 2019 as announced by the Finance Minister of…
The Reserve Bank of India has increased the limit for Contactless Card transactions from Rs. 2000 to Rs. 5000 starting 1st January 2021. This announcement was part of the RBI’s bi-monetary policy announcement held on December 4 2020 for the hassle-free transaction experience. The decision to increase the limit of transactions by the RBI was…
From 1st December 2020, cash withdrawals at ATMs will require an OTP for transactions happening via PNB. The Punjab National Bank (PNB) has introduced the OTP-based cash withdrawal system to minimise unauthorised or fraudulent transactions at ATMs. This system has been launched after observing the increase in the cases of unauthorised withdrawals on accounts of…
Digital means of banking are improving every day with newer features and services. Contributing to the growth of internet banking, Yes Bank has introduced ‘Yes Online’, a new and improved platform with intelligent search and quick-action link tabs to bill payment, fund transfer, bank account statement check, and other popular services. Yes Online furnishes a…
