Due to the nationwide lockdown, the SBI Card, today launched a video-based KYC (Know Your Customer) feature also known as the VKYC feature. This feature offers a zero contact, simple customer on-boarding procedure, and digital banking experience. However, as per the guidelines of Reserve Bank of India to make the process safe and secure for…
The banking sector in India is making crucial changes in banking mechanisms by introducing digital means of accessing financial and non-financial services. Mobile banking and internet banking have undergone a prolific growth with instant payment systems and much more. Top banks in India have launched not just intuitive but also very interactive and innovative mobile…
The Government has asked telecom service providers to get their customers’ mobile numbers linked with their Aadhaar by February, 2018. Those numbers that will not be linked with Aadhaar post the deadline will be deactivated. This step is taken in light of the order passed by the Supreme Court in February in the Lokniti Foundation case….
As the end of moratorium period approaches, credit card issuers have started revising their schedule of charges. SBI Card and HDFC Bank are among the first issuers to revise their late payment fee, EMI conversion processing fee, finance charges, etc. So, let us see what changes have been made and what does it mean for the cardholders.
Fixed deposit is considered a safe and fruitful investment option in India. People living in India enjoy decent returns on FD thus making FD a preferred choice for risk-averse investors. But the fixed deposit is not limited to residents of India only. NRIs or the Non-Resident Indians also have this option in the form of…
Mutual Funds which are listed and traded on stock exchanges like shares are known as Exchange Traded Funds (ETFs). Read more for a better understanding of what are ETFs, how do they work, advantages of ETFs and more- Table of Contents : Meaning: Exchange Traded Funds Benefits Limitations Best Equity ETFs Best Gold ETFs List…
There are numerous curated Investment options for senior citizens such as bank FDs and RDs, post office FDs and RDs, Senior Citizens’ Savings Scheme (SCSS), National Pension System (NPS), Life Insurance Premiums and mutual funds. Some of these are low-risk fixed return options like bank and post office FDs, SCSS, etc. Others are relatively high risk but…
