Banking Articles
More clarity emerges on loan moratorium as banks start operationalising policies: Key FAQs
Since interest will continue to accrue on the outstanding portion of the term loans during the moratorium period, they will be added in the loan amount outstanding
Read More
How should you buy perpetual bonds of Indians banks
Learn to identify and avoid bonds from potentially weak banks even if the coupon rate is quite high; guard against mis-selling attempts which are quite prevalent
Read More
Budget 2020: Bank deposits insurance cover increased to Rs 5 lakh from existing Rs 1 lakh
The announcement assumes significance in the backdrop of numerous instances of different banks becoming the victim of frauds, putting at risk the hard-earned savings of common people
Read More
A guide to NRO accounts
The Non-Resident Ordinary (NRO) account is the most sought after by Non-Resident Indians. Here are the details
Read More
NFO review: Aditya Birla Sun Life Banking ETF a low-cost play on Nifty Bank Index
Using the ETF route to play banking theme is a low cost investment alternative compared to some banking sector concentrated actively managed equity funds
Read More
ICICI Bank: From Oct 16, pay up to Rs 125 per cash transaction at branches if you don’t maintain monthly average balance
Customers can withdraw cash by using debit card at ATMs and funds can be transferred via NEFT/RTGS/UPI using mobile banking/internet banking at zero charges
Read More
Now you get an extra hour to transfer funds via RTGS starting as early as 7 am
The new timing starts from 7 am to 6 pm. The minimum amount one can transfer via RTGS is Rs 2 lakh
Read More
Banks can’t charge customers for failed ATM transactions; non-cash withdrawal transactions also not to be counted
Failed and non-cash withdrawal transactions cannot be counted as valid ATM transactions for the customer. No charges, therefore, shall be levied by a bank, says RBI
Read More
From August 1, SBI account holders can do IMPS transactions for free
Earlier, the bank had waived charges on NEFT and RTGS transactions through Internet and mobile banking, effective from July 1
Read More