In the event of a bank collapse in India, depositors are insured up to Rs 5 lakh by the DICGC, with the same protection rules applying to both big and small banks, though the liquidation process may vary.
Banks remain closed on second and fourth Saturdays and Sundays as per RBI rules. However, today, December 21, a third Saturday, banks will remain open nationwide. Know about upcoming bank holidays in December 2024, tips for checking state-specific holidays, and options for completing financial task.
Are you struggling to get a personal loan due to eligibility criteria? Know how to improve your chances, explore alternative lenders, apply with a guarantor, or opt for secured loans to meet your financial needs.
Just like Aadhar Card, anyone can get their CKYC card with a unique 14 digit number in it. This unique number would help in getting the KYC done without hassle of paperwork.
While these auctions often offer properties at discounted rates, they come with their own set of risks and challenges. Buyers need to be cautious and ensure they go through legal and financial complexities effectively.
FM Nirmala Sitharaman in Lok Sabha said the public sector banks are profitable as the total profit was Rs 85,520 crore in first half of current fiscal.
Issuing a notification, the RBI asked all banks to take necessary steps urgently to bring down the number of inoperative/frozen accounts and make the process of activation of such accounts smoother and hassle-free.
The Banking Law (Amendment) Bill 2024 aims to streamline banking operations and align them with contemporary financial practices, reflecting the government’s commitment to improve bank governance and enhance investors' protection.
Maharashtra Elections 2024: On account of voting for state elections in Maharashtra on November 20, several services like banks will remain closed. Let's find out which services will be operational and which will be closed.
Banks and NBFCs are offering Senior Citizen Fixed Deposits exclusively for individuals aged 60 and above. These FDs offer higher interest rates than regular FDs, giving retired employees a reliable source of income and financial security during their golden years.
Looking for the best fixed deposit rates? This guide breaks down the top 7 banks in India offering the highest interest rates on 3-year FDs. See the latest rates from private and public sector banks, with enhanced returns for senior citizens.
The banks and other lenders come up with festival special offers that include lower processing fees and reduced interest rates for home loan borrowers, however, experts suggest that consumers should stay vigilant about hidden terms and conditions, considering their long-term financial goals.
Fixed Deposits (FDs) have consistently been a go-to investment for individuals who prioritise stability and low risk, as opposed to market-linked investments like mutual funds and stocks.
Dussehra holidays: Banks will remain closed during the Durga Puja and Dussehra festivities across India. But, the number of holidays will vary based on the states and their celebrations of the festivals. In some states, banks are closed for four days in a row.
Finance Minister Nirmala Sitharaman highlighted the crucial role of banks in India's vision for 2047. She called for enhanced infrastructure development, MSME support, financial inclusion, and digital security while praising the global success of UPI.
During the stringent vehicle inspection, the Noida Police, with Police Commissioner Laxmi Singh at the helm, particularly checked vehicles with black films on their windows. The police also conducted a security review of a bank in Sector 20.
A Fixed Deposit (FD) account is a financial product where an investor deposits a lump sum of money for a predetermined period, and the interest rate remains fixed throughout the duration of the deposit.
The Average Minimum Balance (AMB) is the minimum amount that must be maintained in your savings account to avoid being charged for non-maintenance.
Finance Minister Nirmala Sitharaman urged banks to prioritise their core business activities, emphasising the necessity of collecting deposits and lending with increased strictness.
A glitch in Microsoft services caused widespread reports of disruptions in international airlines, banks, businesses and media outlets. The outage lasted roughly six hours before Microsoft the problem and reported progress in fixing the technical issue, with residual impact
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