online financial advisor india

RBI to Increase Scrutiny of Co-operative Banks after PMC Bank Incident

The Union Cabinet on Wednesday approved an amendment to the Banking Regulation Act to bring multi-state cooperative banks under the watch of the...


Cheque clearing to become safer, faster with pan-India CTS

Those who use cheques can expect clearing to become faster and safer across the country with the Reserve Bank of India (RBI) now planning to...


Budget Announces Increase in Insurance Cover on Bank Deposits to Rs5 lakh

In the Union Budget 2020-21, the government raised the insurance cover on bank deposits by five-fold, providing comfort to millions of citizens who...


ICICI Bank introduces ‘Cardless Cash Withdrawal’ through ATM using ‘iMobile’

ICICI Bank announced the launch of a ‘Cardless Cash Withdrawal’ facility from its ATMs. This service enables customers to withdraw cash...


RBI allows card holders to enable, disable cards for online use, and modify transaction limits

To increase security of card (credit and debit) transactions the Reserve Bank of India has directed all banks to give card users the facility to...


Banks may ask you for religion details on KYC forms

As per a report by Times of India, banks may soon introduce a new column to mention their religion in the ‘Know Your Customer’ KYC) forms...


Net banking & card frauds shoot up 50% as the economy slows

According to a report in The Economic Times (ET), fraudulent transactions involving internet banking, ATMs and credit and debit cards shot up over...


NEFT transactions to be made 24x7 from December 16

Bank customers will be able to transfer funds through NEFT around the clock on all days including weekends and holidays from December 16, the Reserve...


RBI: From January 2020, Banks cannot charge for online NEFT transactions

In its latest press release titled, ‘Furthering Digital Payments’, the Reserve Bank of India has directed all banks to stop charging...


ICICI Bank directed by consumer forum to pay Rs 55000 to customer

A district consumer forum from Telangana has ordered ICICI bank to pay Rs 55,000 to a consumer for failing to inform him about resetting of rate of...


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