Banking Articles

Instant cash
April 13, 2020
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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external benchmarking for loans
April 3, 2020
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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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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Home loans
March 27, 2020
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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Transfer of money between mobile wallets
March 18, 2020
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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State Bank of India
March 11, 2020
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 Mutual Fund
March 5, 2020
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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Interest rate cuts
February 9, 2020
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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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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ATM withdrawal cardless
January 25, 2020
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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