After holding on to resounding pressure to reduce repo rates amid falling inflation rates, the Reserve Bank of India finally issued a notification announcing a cut in its repo rate by 0.25 per cent coming into effect immediately. The move comes after the premier agency kept policy rates unchanged for the fifth time in a… Read More »
Are you are one of those people who find it difficult to make time for miscellaneous bill payments? Here‘s some good news for you! The Reserve Bank of India has finalized guidelines for the implementation of Bharat Bill Payment System (BPPS) which would act as an anytime, anywhere bill payment system, becoming a one stop shop… Read More »
Apple’s recent revolutionary mobile payment system known as Apple Pay, which was launched along with the latest launched iPhone 6 and iPhone 6 Plus promises to change the way payments are made. This is like a mobile wallet system wherein the user can make payments through his phone, without having the necessity to carry a… Read More »
Customer comes to the fore front of all banks today. With more and more services introduced to enhance customer experience in everyday banking and with frequent technological upgrades, the running costs of banks are hiking at a rocket pace. And it is quite natural for banks to pass a share of these to their customer… Read More »
Gone are the days when you waited in long queues in front of the teller’s counter to withdraw cash or waited for a long week to get an outstation cheque cleared. The banking sector all over the world is undergoing massive face lifts and India who is one among the toppers to swim with the… Read More »
From facing the long peak hour traffic to pollution galore and a generally stressful life, residents of metropolitan cities now have another thing to worry about. Residents of six metropolitan cities would now have to check their monthly ATM transactions as the Reserve Bank of India has issued new guidelines for ATM usage which effectively… Read More »
A popular Television advertisement of a private bank with the slogan ‘six is great than four’ may not have faded from public memory but the USP of high interest rates could well be a thing of the past. Few private banks that were attracting users with high interest rates for savings account are slowly on… Read More »
If you are one of those postponing your festive shopping waiting for lucrative discount offers from banks, chances are there that you may end up with a huge disappointment. Banks and financial companies known to offer various discounts schemes during the festive season especially around Diwali are disappointing many, this season. Banks which have already… Read More »
Social media is more than just updating your status, sharing pictures and gossiping with your friends, relatives and followers. Social media platforms are the next big thing in business and even money transactions. The most recent and revolutionary addition to the social media platforms is the instant money transfers between friends and followers as banks… Read More »
The Reserve Bank of India has issued new guidelines for ATM usage charges for residents living in six metropolitan cities while using ATMs of different bank located in non metro centers. If you are one of those using ATMs frequently for cash withdrawal or checking of balance or statement enquiries make sure you know the… Read More »