Note: The information on this page may not be updated. Kindly refer to the bank website to check the latest information. People having their savings accounts in various banks have to maintain a certain sum of money in their bank accounts. When this account balance falls below the required threshold amount, the bank levies a penalty on…
When you want to build your credit profile, the best thing to start with is a credit card. You need no credit history to apply for it and can use it to develop a good credit score for yourself. So if you are one of those who recently started using a credit card, the first thing…
How is Housing For All by 2022 mission boosting the Housing Sector? Check the benefits and Impact of housing for all scheme launched under Pradhan Mantri Awas Yojna (PMAY) and the mission to achieve Housing For All by 2022.
As per an article by the Hindu Business Line, Muthoot Finance MD, George Alexander Muthoot, wants to offer gold loans worth Rupees 10 lakh at 12% interest rate to both existing and new customers. The scheme will be launched on December 1st 2017. Muthoot Finance wants to target the scheme at Small and Medium […]
On Nov 7, 2017, the State Bank of India tweeted the launch of two savings accounts (Pehli Udaan and Pehla Kadam) for children. Pehla Kadam is meant for children below 18 years of age and Pehli Udaan will be for to children above 10 years of age. The aim behind launching the savings accounts […]
As per an article by Business Today, during the first ten months of demonetisation – November 2016 to August 2017, the volume of mobile banking, mobile wallet and card (both debt and credit) transactions soared. The volume of mobile wallet transactions went up from 537 million to 2,407 million, a whooping increase of 348%. […]
To promote digital economy, HDFC bank has made RTGS and NEFT transactions free of cost and cheque-related transactions costly. The bank has revised RTGS and NEFT online transactions fees and charges for savings, salary and non-resident accounts. As per the bank, nothing will be charged from customers for RTGS and NEFT online transactions from November […]
Since last November’s demonetization, credit card usage and outstanding balances have increased by as much as 39% according to a Business Today news report that cites data collected by the Reserve Bank of India (RBI). The RBI data quantifies India’s total credit card outstanding balance at Rs. 59,900 crores as of September 2017 as compared […]
