Banking Archives

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

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

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

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

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

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

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

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

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

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

Banking Articles