BUSINESS
Gift your kid a savings account this children’s day
This account is to be opened with the primary intention of educating children about the importance of saving and investing
BUSINESS
Steps to transfer your PPF account to a different bank or branch
The PPF can be transferred across the country and the account can be moved across bank branches and post offices
BUSINESS
Demonetisation: Digital payments, wallets on the rise; but cash is still king
Using digital methods for payments was a compulsion after demo, but has now become a habit for many
BUSINESS
Post-demonetisation digital payments spike: Do positives outweigh privacy concerns?
Four experts from different areas of expertise give their take on whether the thrust on digital transactions post demonetisation helped consumers.
BUSINESS
Withdrawing money? Follow these steps to keep frauds at bay
Customers, especially senior citizens, must take several precautions while taking out cash from their bank accounts
BUSINESS
BHIM 2.0 takes on Google Pay and PhonePe with fresh add-ons
Increased transaction limit, an option of applying for IPOs, linking multiple bank accounts, offers from merchants, a donation gateway and three additional regional languages are new additions
BUSINESS
There is no question of inducing customers to a perpetual freebie culture: Paytm Money
In future, we are planning to cross-sell services such as loan against mutual funds and loan against securities to investors on our platform and earn money
BUSINESS
Why browsing on MS Dhoni and Sachin Tendulkar could put your device at risk
Protect your personal information and passwords while searching online for your favourite celebrities.
BUSINESS
PMC Bank Crisis: How you can withdraw more for special needs
Depositors can withdraw more money for needs such as marriage, medical emergencies and education expenses
BUSINESS
Repo-linked loans:Want lower rates? Improve your credit score
A borrower should maintain a credit score of 760 and above throughout the tenure of the loan to get lower interest rates
BUSINESS
Lower rates are being passed on once cost of funds declines: Kotak Mahindra Bank
Borrowings of banks are at a fixed rate and it takes some time for the cost of funds to come down
BUSINESS
Axis Bank Express FD: A safe option, but nothing unique
The bank offers 6.25 percent to 6.70 percent interest for tenures ranging from six to 12 months
BUSINESS
RBI directs the likes of Paytm and PhonePe to have an internal ombudsman
It is needed to ensure customer grievances are resolved in the most effective manner and within a defined timeframe.
BUSINESS
How SBI's new repo-rate-linked home loan works
The borrower needs to repay a minimum of three per cent of the principal loan amount every year
BUSINESS
Explained: All you need to know about WhatsApp banking services
While you can ask and get details relating to your account via WhatsApp, you can’t carry out any transactions
BUSINESS
PMC Bank crisis: What to do if your EMI is due, and how to keep your money safe
Here are a few tips on how to act if you are a PMC Bank customer, as well as advice on how to bank prudently.
BUSINESS
5 steps to smooth closure of your credit card account
Always follow the right procedure when cancelling a credit card. Otherwise, it could adversely impact your personal finances and affect your credit report.
BUSINESS
4 steps to take if your cards get stolen or lost
As soon as you realise that your wallet with cards in it, call the respective banks’ helplines for blocking the cards.
BUSINESS
Why a forex card is your best travel companion abroad
International Credit and debit cards can be used abroad too, but hidden charges can burn a big hole in your pocket.
BUSINESS
Debit-cum-credit card: Should you opt for this combo card?
If card is hacked or stolen, then customer tends to lose out on credit limit and register loss from savings account
BUSINESS
Why banks are giving up RIA licences, and the chance to give you investment advice
The RBI wanted banks to separate their distribution and investment advisory businesses. Most banks want to focus on distribution.
BUSINESS
IndusInd Bank’s Nexxt credit card: Convenience or ticking time bomb?
These credit card impulses customers to opt for the EMI scheme which is available upfront on card for any spending above Rs 2,000. The catch here is that it can easily lead to customer splurging.
BUSINESS
Using a contactless card? You should be aware of these risks involved
Customers are protected through the lost card liability cover up to 100 percent on contactless cards by the bank in case they are stolen. But that’s subject to the theft being proven
BUSINESS
RBI gives nod to compensation framework for digital payment systems
The Reserve Bank of India proposes to put in place a framework on turnaround time for the resolution of customer complaints and compensation framework across all authorised payment systems by the end of June 2019.
