by pankaj | Jul 24, 2024 | Banking News
You must read this news if you use a bank cheque. The Finance Ministry is exploring several measures to deal with cheque bounce cases, such as deducting money from another account of the cheque’s issuer and prohibiting the opening of new accounts in such...
by pankaj | Jul 24, 2024 | Banking News
To control inflation, Central banks throughout the world are raising interest rates. Also, this year, the Reserve Bank (RBI) has raised the repo rate by 2.25%, which is 225 basis points. As a result, banks frequently increase the cost of loans. Additionally, they are...
by pankaj | Jul 24, 2024 | Banking News
The majority of us choose to keep our jewelry, valuables, and other critical items in the bank locker. Bank lockers are known for being incredibly trustworthy and safe. However, there is a fee with this service that you must pay to the bank to keep valuables in the...
by pankaj | Jul 24, 2024 | Banking News
An account that permits the electronic holding of shares and securities is known as a Demat account. A resident or a non-resident Indian can open a Demat account through a depository participant. With a fully digital KYC process and a paperless account opening, Paytm...
by pankaj | Jul 24, 2024 | Banking News
The largest financial institution in the nation, the State Bank of India, announced a hike in the rate for fixed deposits on December 13. A day later, on Wednesday, the large private sector bank HDFC made a comparable announcement and provided positive news to its...
by pankaj | Jul 24, 2024 | Banking News
HDFC has increased the interest rate on fixed by up to 75 basis points. The higher interest rate only becomes effective on December 14. The minimum interest rate on FDs under Rs 2 crore has been lowered to 3%, and the maximum interest rate has been raised to 7%,...
