SBI Revises Charges on Cash Withdrawals, Average Monthly Balance and Others

Starting 1 October, the State Bank of India will revise service charges for deposits and withdrawal which will encompass cash withdrawal, average...

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Federal Bank to Link Deposit rate to External Benchmarks

Federal Bank on Saturday announced that it will link its savings deposit rate to external benchmarks, becoming the first private sector lender to...

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HDFC Bank Asked to Pay Rs5 lakh for Misplacing Mortgage Documents

A consumer forum directed HDFC Bank to pay ₹5 lakh as compensation after it misplaced original property documents which a couple had deposited...

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IDBI Bank Offers Repo-linked Loans But Only to New Customers

Despite the Reserve Bank supporting banks in their resistance to using external benchmarks for floating rate loans, one by one, more and more banks...

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RTGS system for customer transactions to open at 7 am from August 26

The Real Time Gross Settlement System (RTGS), which is now available for customer transactions from 0800 hours to 1800 hours, will now be available...

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RBI clarifies on free ATM transactions; gives relief to customers

The Reserve Bank of India (RBI) on Wednesday clarified that those transactions which fail on account of technical and other specified reasons shall...

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Multiple Bank Account Linking Soon on BHIM App

Users of payment app BHIM will be able to access and operate multiple bank accounts in the next version of the platform planned to be launched by...

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NBFCs Banned from Charging Loan Foreclosure Penalties, orders RBI

The Reserve Bank of India has barred non-banking finance companies from charging pre-payment penalties or foreclosure charges from individual...

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Charges on NEFT, RTGS and IMPS waived off by SBI

In the last monetary policy held in June, the central bank said that it levies minimum charges on banks for transactions routed through its real time...

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New Draft Proposes Jail term for Dealing Cryptocurrencies

Now holding, selling or dealing in cryptocurrencies could soon land you in jail for 10 years. The "Banning of Cryptocurrency and Regulation of...

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