Your online transactions using a credit card might become cheaper very soon, once steps approved by the Cabinet are implemented. Currently, vendors and payment gateways pay a convenience charge, a user charge and a service charge to the government, which are in turn charged to the customer. The total amount payable to the government in […]
In today’s day and age, the car an individual owns tends to define their social standing, and buying the car of choice remains a dream for many. But nowadays, a number of financial institutions provide car loans to help realize that very dream. There are of course a number of things that one needs to […]
Bandhan Bank launched an international debit card in association with Visa and started banking services for NRIs. The bank’s founder, managing director and chief executive — Chandra Shekhar Ghosh – said that the bank was ready to serve the Indian diaspora. These NRI accounts will be mostly for remittances from abroad. Ghosh foresees the demand coming from NRIs […]
Indian Overseas Bank (IOB) has become the first public sector bank to implement the Finacle 10, the latest digital banking package from Infosys Finacle. By end of January 2016, the bank successfully implemented the migration of more than 3,500 branches networked by legacy software to Finacle 10. The implementation project was executed by American technology company HPE. […]
Axis Bank and fitness firm GoQii have decided to collaborate for launching wearable devices for the bank’s customers. GoQii, formed by Vishal Gondal, is one of the leading Indian fitness band makers. According to Rajiv Anand, head of retail banking, Axis Bank, the device will be the first MasterCard certified wearable device, which will allow customers to make NFC payments. […]
Most parents believe in the oriental theory that the better they are able to finance their child’s college education, the higher their performance and career would soar. They believe that if an individual is not burdened by the heavy weight of an education loan or does not have to work a part-time job to support […]
Anil took a home loan about four years ago, calculating that the builder would complete the project by the time the moratorium period on the loan had been completed. Now, four years down the line, the builder has yet to complete the handover. Plus, with the moratorium period having run out, Anil has to pay […]
Here are four common types of loans available that one can take for respective purposes
Savings bank accounts are the most basic financial product that are available these days. They are the primary business of banks; therefore, all public and private sector banks with retail operations offer savings bank accounts to individuals. In the past two years, the number of new savings accounts in India has increased substantially with the […]
A savings bank account is considered to be the most basic of investment instruments that an individual can possess. A savings account offers you a relatively modest return (3-6%) on the amount that you keep in the account while offering you immediate access to the money either via a debit card linked to the account […]
