BUSINESS
Travelling abroad? Now reload forex card in real time on BookMyForex app
On true zero markup forex card, international travelers can now do the instant reloads. The users need to update their app to get this new feature. The latest version of the BookMyForex app is now available for download on both the Play Store and the App Store
BUSINESS
Education loans: Union Bank, SBI amongst banks that offer the cheapest interest rates
Union Bank of India, State Bank of India, Bank of Baroda, and ICICI Bank offer interest rates between 8.1 and 10.25 percent on an education loan of Rs 20 lakh for a tenure of seven years.
BUSINESS
SBI Unipay's failed bill pay transactions, delayed refunds leave customers in limbo. Here's what you can do next
Lately, there have been several complaints against SBI Unipay, a bill payment aggregator service, where the payment gets deducted from the customer’s bank account, but the bill payment fails on the platform.
BUSINESS
Home loans: These banks offer the lowest interest rates
Union Bank of India, State Bank of India, and HDFC Bank offer interest rates between 8.35 and 9.4 percent on a home loan of Rs 75 lakh for a tenure of 20 years
BUSINESS
RBI Monetary Policy | RBI holds repo rate at 6.5%: No impact on home loan EMIs
For existing borrowers there are opportunities to switch lenders in the current scenario with several banks offering home loans starting around 8.5 percent. The new home loan borrowers should scout for banks offering loans with the narrowest possible spread. This will reduce the interest payable.
BUSINESS
Soon, you can apply for EMI facility, pay credit card bills and increase limits on RuPay credit cards with UPI
But applying for EMIs through UPI applications can lead you to overspend. Frequent enhancement of the credit limit on a card using UPI applications can lower your credit score. We dissect what it all means for cardholders.
BUSINESS
Now, IDFC First Bank cuts credit card benefits; what it means for cardholders
IDFC First Bank has revised the reward points system, introduced surcharges on utility transactions, increased spending criteria to access airport lounges, among other things on its credit cards.
BUSINESS
AU Small Finance Bank, IDFC First Bank slash benefits on credit cards. What does it mean?
Holders of cards issued by these lenders will have to pay processing fees for rent and education transactions, surcharges on utility transactions, among other things.
BUSINESS
Explainer: How RBI’s rules on penal charges will help loan borrowers
RBI’s rules on penal charges came into effect April 1. Earlier some banks, NBFCs and HFCs use penal rates of interest over and above the applicable ones, in case of defaults. Now, the RBI guidelines prohibit financial institutions from charging penal rates on loan defaults.
BUSINESS
Yes Bank, IDFC First Bank to levy surcharge on utility payments with credit cards
The two banks are introducing the surcharge with effect from May 1 because this is a low-margin business category, and to prevent misuse
BUSINESS
Personal loans: Banks that offer the lowest interest rates on a Rs 1-lakh loan
Bandhan Bank, HDFC Bank, and State Bank of India offer interest rates between 9.47 and 11.15 percent on a personal loan of Rs 1 lakh for a tenure of 4 years.
BUSINESS
From mutual fund info validation to opening e-insurance accounts, here are seven key financial changes this April
Also brace for rise in debit card fees and scaled down credit card reward points next month.
BUSINESS
HDFC Bank raises new home loan rates even as repo rate stays steady. Here’s why
This increase however, is applicable only to new loans sanctioned and not existing loans, which means that older borrowers will not be impacted by these hikes.
BUSINESS
The Money Calendar 2024-25: Keep up with investments, taxes, lenders and more
Come April 1, we hope you have a happy new financial year! Be sure to download our calendar and keep track of your portfolio, your tax filing dates, your life and health insurance policies, and Valentine's Day, among other things. The Money Calendar 2024-25 helps you stay abreast of the most important dates in the upcoming financial year.
BUSINESS
Axis Bank credit card fiasco: Customers hit by fraudulent international transactions must act quickly to protect themselves
To start with, you may want to disable your international transactions immediately and ignore messages/email alerts to enable international online usage until the issue is sorted out. You can file complaints and claim refunds as per RBI rules, says Axis Bank.
TRAVEL
Summer Holiday Packages: 6 tips to secure the hottest holiday deals
For your summer vacation planning only focussing on the cheapest package will not make for a very happy holiday. So research thoroughly, and choose wisely.
BUSINESS
AU Small Finance, Bank of Baroda, and other banks that offer up to 8% interest on green deposits
Banks such as AU Small Finance, Bank of Baroda, Indian Overseas Bank, SBI, among others are offering green fixed deposits with interest rates ranging from 5.7-8 percent, depending on the tenures chosen.
BUSINESS
Rewards Restrictions: What does it mean for Axis Bank cardholders?
The Bank has also chopped off benefits on travel credit cards, which includes the Atlas credit card, and co-branded credit cards such as Vistara Infinite and Vistara Platinum. The changes will be effective April 20, 2024.
BUSINESS
Recurring Deposits: Bank of Baroda, Axis Bank offer interest rates of 7.1-7.25% on three-year deposits
Interest rates offered by top ten public sector banks and private banks on three-year recurring deposits range from 6.25-7.25 percent per annum
BUSINESS
Gold loans: Banks that offer the lowest interest rates
Gold rush: HDFC Bank, Indian Bank offer the cheapest gold loans at interest rates of 8.5-8.65 percent per annum. A gold loan is given when customers pledge their gold with the bank.
BUSINESS
Using Axis Atlas credit cards for ‘business’ spends lands cardholders in a soup
Axis' email to its credit card customers seeks invoices to verify that their trips were indeed intended for leisure. Usage for commercial or business purposes is not permitted, as it constitutes unfair accumulation of reward points.
BUSINESS
RBI Ombudsman received more complaints against CIBIL in FY23: Report
The RBI reported a total of 1,039 complaints against the credit information companies.
BUSINESS
RBI Ombudsman received more complaints against private banks per branch in FY23: Report
RBL Bank had highest complaints per branch amongst private banks at 6.52. Among public sector banks, RBI received 1.61 complaints per branch against the SBI, which is highest amongst public sector banks.
BUSINESS
Should you apply for the PNB-EaseMyTrip co-branded credit card?
The card is overpriced compared to the Standard Chartered-EaseMyTrip credit card. Consider this only if it's in tune with your travel and annual card spend patterns.
