Banking Articles
4 ways to raise money to tide over temporary cashflow crisis
These 4 ways use already existing financial assets to raise cash without liquidating them
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Why opting for 3-month loan moratorium is injurious to your financial health
Lenders are offering loan moratorium, but opting for this will make you pay a lot more interest later. EMI pause if you must, better to seek informal loans from friends or family to manage the crisis
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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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RBI announces 3-month moratorium on EMIs or loan repayments: Your questions answered
Here are the frequently asked questions on 3-month moratorium on installment payments and their answers announced by RBI
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Axis Bank, Kotak Bank cap free peer-to-peer UPI fund transfers to 20 a month
UPI is the most preferred payment mode for a greater extent of P2P (Person to Person) transactions, and remained free for a long time
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SBI slashes interest on savings account to 3%; waives average monthly balance in accounts
Move should be seen in the context of excessive liquidity with banks; minimum balance waiver could spur savers to spend money in a boost for consumption
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Yes Bank depositors can only withdraw upto Rs 50,000 till Apr 3; bank placed under moratorium
In the absence of a credible revival plan, and in public interest and the interest of the bank’s depositors, RBI says it had no alternative but to impose a moratorium
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SBI cuts fixed deposit rates; interest to fall 0.10-0.50% from February 10
SBI’s new interest rates on retail domestic term deposits will fetch you Rs 1,758 to Rs 17,958 less on Rs 10 lakh FD
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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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How you can withdraw cash from ATM without debit card
We look at cardless ATM withdrawal facilities provided by SBI and ICICI Bank
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