Banking news

• List of Bank Holidays in January 2024, Check Now!

  Before knowing the list of bank holidays, it is also necessary to note that bank holidays may vary from state to state, governed by the State Government, Central Government, and Union Territories Act of 1881.…

• S M Sehgal Foundation and DCB Bank inaugurate the Capacity Building & Experience Sharing Workshop Series 'Jalagam'

  S M Sehgal Foundation, in collaboration with DCB Bank, and NIRDPR as the knowledge partner held the inaugural workshop in the capacity building and experience sharing workshop series in New Delhi on November 30, 2023.…

• Axis Bank Foundation and PRADAN Collaborate to Convene Samagam 2023, Focusing on ‘Localising SDGs: Perspectives, Policy and Practice’

  Axis Bank Foundation and PRADAN, a Delhi based NGO have collaborated to convene Samagam 2023, a multi-stakeholder conclave focused on ‘Localizing SDGs: Perspectives, Policy and Practice’.…

• DOP Internet Banking Now Allows Opening of MIS, SCSS, and MSSC Accounts

  DOP now allows opening MIS, SCSS, and MSSC accounts via DOP Internet Banking, starting October 20, 2023, as part of their modernization drive.…

• 1,851 Agriculture and Rural Development Banks to be Computerized

  The statement suggests the creation of a Central Project Monitoring Unit (PMU) dedicated to ensuring the scheme's effective execution.…

• List of Bank Holidays in October 2023

  Banks will observe closures on all public holidays, as well as certain regional holidays determined by the respective state governments in accordance with Reserve Bank of India directives.…

• Bank Holidays in August 2023: Banks Will Remain Closed for 14 Days

  In the coming month, banks will be inaccessible for approximately 14 days. It is recommended that individuals intending to visit a bank for any reason verify the specific dates before their planned visit.…

• SBI Extends The ‘WeCare’ FD Scheme Till September 30, Know Details Here!

  SBI launched 'WECARE' fixed deposit scheme date has been extended by the SBI till September 30, 2023. More details are given below!…

• Bank Holidays in May 2023: Banks to Remain Shut for 12 Days, Check Complete State-Wise List

  May 2023 bank holidays list released with 12 days of closures. Here you can check the complete state-wise list and plan your bank visits accordingly.…

• Interest Rates Comparison: National Savings Certificate vs SBI 5-Year Bank Fixed Deposit

  National Savings Certificate (NSC) is a fixed-income post office savings scheme. Just like the bank tax savings fixed deposit (FD) scheme, National Savings Certificates (NSC) come with a lock-in period of five years.…

• Bank Holiday Announced for Good Friday in These Cities Today!

  As Good Friday is falling on April 7 and is followed by the second Saturday and Sunday thus, everyone needs to note that for three days in a row, many banks will remain closed.…

• No Increase in EMIs This Month as RBI Keeps Repo Rate Unchanged

  The Reserve Bank of India (RBI) has maintained its key benchmark interest rate, or repo rate, at 6.5% following a two-day monetary policy meeting. The decision was made by the Monetary Policy Committee (MPC) to continue focusing on the withdrawal of accommodation to ensure inflation…

• Bank Holidays in April 2023: Banks to Remain Closed for 15 Days, Check State-Wise List Here

  The bank holidays vary across different states according to the guidelines of the Reserve Bank of India.…

• Account Holders Alert! Your Demat Account will be Frozen if Nominee Not Added Before March 31

  The Securities and Exchange Board of India (SEBI) has made it mandatory for all demat and trading account holders to have a nominee. Read this article to know some easy steps to add a nominee.…

• Bank Holidays 2023: Banks to Remain Shut for 13 Days in March, Check Full State-Wise List Here!

  Bank Holidays in March 2023: To avoid any inconvenience, individuals with upcoming bank-related tasks next month should review the holiday calendar and plan their visit accordingly.…

• Bank Holidays in March 2023: Banks to be Shut for 12 Days; Check the Updated List

  Bank Holidays in March 2023: Only 12 days in March 2023 will have bank holidays, including weekends, keeping many private and public sector banks closed.…

• Latest News! FD & Lending Rates Likely to Go Up as RBI Plans to Hike Repo Rate by 25 bps

  The monetary policy committee of the RBI will convene on February 6–8, and they will decide on the policy interest rate.…

• Bank Holidays 2023: Banks to Remain Shut for 10 Days in February, Check State-Wise List Here

  The holidays will come into effect under three categories, including ‘Holiday under Negotiable Instruments Act’, ‘Holiday under Negotiable Instruments Act and Real Time Gross Settlement Holiday’, and ‘Banks’ Closing of Accounts’.…

• ICICI Bank Raises Interest Rates on Large FD Investments; Offering Returns of Up To 7.15%

  The interest rates on large fixed deposits (FDs) of Rs 2 crore to Rs 5 crore have changed at the venerable private sector bank ICICI Bank. The bank's official website states that the new rates were effective from yesterday.…

• New Year Rules 2023: From NPS 5% Guaranteed Returns to Bank Lockers; Here’s a List of Rules Changing on Jan 1, 2023

  New Year 2023: Some major changes have been made and these rules will be implemented from the beginning of the coming year. The start of the new calendar year also means a lot of changes which we may have to bear directly or indirectly.…

• New Bank Locker Rules to Change From Jan 1; Check Guidelines, Locker Rates, Nominee & More

  If the bank customers plan to rent a locker or already use a bank locker, then they will have to sign the locker agreement with the banks before January 1, 2023.…

• Bank Holidays 2023; Banks to Remain Shut For 11 Days in January

  January, the very first month of the year has a lot of bank holidays. Hence if you are planning to go to the bank then make sure to read this article first.…

• Bank Holidays 2022: Banks to Remain Shut for 9 Days in December; Check State-wise List

  In December 2022, online and net banking services will still be available despite the banks' continued closure. Check out the complete list of bank holidays in December here.…

• AIBEA Calls Off Nation-Wide Bank Strike Scheduled for Today

  AIBEA has called off the 19 November nationwide bank strike hence all the lending institutions will remain open today.…

• Banking Services, ATMs to Remain Closed on November 19

  The United Forum has also extended its support to the strike called by the All India Bank Employees Association on Saturday.…

• List of Bank Holidays in 2023

  In total, there are 60 bank holidays in 2023.…

• AIBEA Announces Bank Strike on Nov 19, Banking & ATM Services Likely to be Affected

  Banking services will be affected across the country on November 19 (Saturday) due to a strike planned by the All-India Bank Employees Association (AIBEA).…

• Bank Holidays in November 2022: Banks to Remain Closed For 20 Days Across India, Complete List Here

  If you are planning to visit your bank for some work then make sure you read this article as the country’s top lending institutions will remain shut for 20 days.…

• Now You Can Open SBI Savings Account Without Going to the Bank! Know How

  State bank of India comes up with new initiatives to make banking easy for its customers.…

• Bank Holidays in October: Banks to Remain Closed for 7 Days in the Coming Week!

  The month of October will observe 21 bank holidays with the first holidays but the bank services will still be accessible through ATMs, cash deposits, online banking, and mobile banking.…

• Bank Holidays in October 2022: Banks to Remain Shut for 21 Days Across India, Complete List Here

  The month of October will observe 21 bank holidays with the first holidays but the bank services will still be accessible through ATMs, cash deposits, online banking, and mobile banking.…

• Banks Will be Closed For 13 Days in September, Check State-Wise Holiday List Here

  Bank holidays in September: Apart from 6 weekend holidays, banks across the country will remain closed for 7 days in the month of September…

• RBI Latest Update: Debit & Credit Card Rule to Change from 1 October; Details Inside

  The RBI ordered the deployment of CoF tokenization as a substitute for card storage in September, banning merchants from keeping customer card information on their servers beginning January 1, 2022.…

• Bank Holidays 2022: 13 Days Off for Banks in September! Check Full List Here

  There are some state-specific bank holidays and others on which all banks in the nation are shut in September. Check the list given below to know the dates and occasion.…

• Planning to Visit Bank or Post Office? Check out the List of Holidays & Working Days First

  All delivery post offices and other significant post offices will be operational to the extent necessary to support this public campaign, according to the Ministry.…

• Bank Holidays August 2022: Employees to Get 11 Days Off in the Upcoming 13 Days! Check Dates

  The list shows that there will be a total of 9 days from 7 to 19 August 2022 when the banks are closed. With weekend leaves added in, there are a total of 12 days of bank holidays.…

• Bank Holidays in August 2022: Check State-wise List Here

  Bank customers can still access online banking services through the web portals and mobile applications of their respective banks even while banks are physically closed on bank holidays.…

• ECGC Launches Scheme to Provide Enhanced Export Credit Risk Insurance Coverage of up to 90% to Small Exporters

  "The Government supported us with adequate capital infusion in recent years," ECGC Chairman said, thanking the Commerce Ministry and Minister Piyush Goyal. This, combined with the need to make our coverage more beneficial to exporters, has led us to make the decision announced today."…

• Bank Holidays 2022: Banks to Remain Closed for 13 Days in August, Full List Here

  The dates of bank holidays vary depending on the location, the state, and the lender. Several bank holidays are determined by regional events and state-specific celebrations.…

• Bank Holidays 2022: Banks to Remain Closed for 6 Days in the Remaining Half of July

  The month of July has already begun, and we have through the first half of the month, during which various bank holidays have been implemented in both the commercial and public sectors.…

• Kotak Mahindra Acquires DLL India’s Agri & Healthcare Equipment Financing Portfolio

  Through this transaction, Kotak will have access to more than 25,000 high-quality customers with around Rs 582 crore in outstanding standard loans.…

• Bank Holidays in July 2022: Banks To be Closed for 14 Days This Month; Check Out the Full List Here

  The Reserve Bank of India, or RBI, has already published a schedule of bank holidays for July 2022. July 2022 bank holidays: Banks will be closed for 14 days beginning July 1.…

• These Banks Have Changed Their Fixed Deposit Interest Rates; Check Latest FD Rates Here

  Higher interest rates drain the market's liquidity, which lowers demand and, in turn, inflation.…

• Bank Holidays in July 2022: Banks to Be Closed for 12 Days in July; Check Full List Here

  June is almost over, and if you have any critical bank-related work to finish before the end of the month, you should do so while keeping in mind that banks will be closed for three days in the remaining month of June.…

• SBI Hikes Home Loan Interest Rates: EMI’S Set To Go Up

  SBI Home Loan Interest Rate: SBI has increased the MCLR by up to 0.20 percent, raising EMIs on home, auto, and personal loans.…

• These Banks are Offering Lowest Interest Rate on Educational Loans

  This public sector bank offers the cheapest education loan in the country at 6.75 percent. The EMI for a Rs 20 lakh education loan with a seven-year repayment period will be Rs 29,942.…

• RBI Grade B Phase 2 Admit Card 2022 Out: Direct Link to Download Hall Ticket Here

  To access and get this RBI admit card, candidates will require their registration number and password.…

• HDFC Bank Customers Alert! Beware of These Online PAN Frauds

  As the speed and ease of financial transactions have grown, the incidence of retail financial transaction scams has increased.…

• EMIs to Go Up as RBI Hikes Repo Rates by 50 bps

  When combined with the May 4 increase, consumers can expect a 90-basis point increase in 35 days or a total increase of Rs 5,500 per month on a loan of this type.…

• World Bank Slashes India's Growth Forecast to 7.5 Percent; Know Why

  The World Bank cut India's growth prediction for FY23 +*3231 from the pandemic," according to the report.…