Banking Articles

Home loan rates
March 31, 2020
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

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Investing in bonds
March 9, 2020
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

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Deposit insurance
February 1, 2020
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

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NRO accounts
November 26, 2019
A guide to NRO accounts

The Non-Resident Ordinary (NRO) account is the most sought after by Non-Resident Indians. Here are the details

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ABSL Banking ETF
October 18, 2019
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

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ICICI Bank
September 15, 2019
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

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RTGS
August 26, 2019
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

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ATM charges India RBI
August 17, 2019
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

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SBI Mobile app
July 13, 2019
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

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