In a move to fulfill PM Modi’s goal of including poorest of the poor into the banking system, RBI governor Raghuram Rajan announced setting up of Postal Bank of India (PBI) on 02nd April. The bank will enable the government to capitalize on the infrastructure and distribution network of the department of posts to further […]
In an attempt to make inroads into the young consumer segment, the State Bank of India (SBI) launched a new SimplySAVE credit card on 30 March. The latest product from the SBI stable offers its users a chance to earn 10 points on every Rs 100 spent on dining out, purchasing movie tickets and shopping […]
A GOOD credit score helps us establish our borrowing credibility in front of banks and lending institutions. If you have a good score, you have a better chance of getting your loan approved. Most often we forget the contribution of credit cards towards our credit score. Here's how you can make the most of credit […]
In this week’s entry, I will attempt to present a new perspective to the whole rent vs. buy a house debate. Let’s put the spotlight on some of the basic math you need to keep in mind when making this decision. Renting Buying What you will pay for […]
You Need a Savings Account – check out why? What do you do you with the money left after paying off your fixed monthly expenditure (bills, premiums, EMIs and more)? Do you invest it in the stock market, retirement funds, mutual funds, recurring deposits, etc.? Does this leave you with limited or no liquid […]
Banks are vying for customers’ attention on social media. The latest on this bandwagon is Kotak Mahindra, which recently launched its social saving account, Jifi Saver account. This new account type can be managed via social networking platforms, Twitter and Facebook. It offers e-shopping facilities, transaction and financial planning to tech-savvy and socially connected consumers. […]
The latest offering —SBI Quick – by State Bank of India allows customers to use their mobile phones for simple banking services. Customers can check balance or receive mini statements of last five transactions through their mobile phones. SBI customers with Saving Bank/Current Account/Over Draft/Credit Card accounts can register for SBI Quick using the […]
ICICI Bank recently launched online account opening facility for non-resident Indians residing in the US. To open the NRI savings account, customers just need to fill the application form available on the bank’s website. Subsequently, they will be required to scan and upload the necessary documents, i.e. age proof, passport, address proof, visa, salary slips, […]
On 10th February 2015, ICICI Bank launched Pockets, a digital bank. At the launch, MD and CEO of ICICI Bank, Ms. Chanda Kochhar said Pockets is a universal wallet and savings account which will enhance the digital payment system in India. It allows individuals to access their account on the mobile phone and start transacting […]
ICICI Bank recently launched its banking services on Twitter. With icicibankpay —a first-of-its kind service — ICICI customers will be able to transfer money to any individual with a Twitter account, check account balance, recharge a prepaid mobile and view their last three transactions. Customers only need to register their mobile numbers with the bank. […]
