Finance

The Currency in Circulation (CIC) has increased by 22% in 2020, as compared to the volume recorded in 2019. RBI has released important data, informing the growth in currency circulation by Rs 5,01,405 crore in a year’s time, between…

Bank of Baroda launches its Whatsapp Banking services, which will provide its customers with a series of banking support and services, right on their Whatsapp numbers. The public sector bank Bank of Baroda has taken another step towards…

Bank of Baroda launches the Digital Lending Platform, which will allow retail loan seekers to get loans digitally. The public sector bank Bank of Baroda has taken another step towards digitizing paperless bank services, by launching the…

Overhead ATM fee charged for unsuccessful transaction due to insufficient balance in savings balance, for different banks. Most of the time, we ignore checking our savings account balance, before debiting cash from an ATM. In this…

Banks have started providing doorstep services for customers. Learn all the services provided by them and the procedure to avail one. During such difficult times in pandemic, financial institutions have been working extra hard, now that…

Government introduces the new Rule 86B in GST Rules, as per which businesses will no longer be allowed to make use of input tax credit for discharging GST liability to 99%. In order to curb tax evasion by faking invoices, the Central…

Invest Rs 160/Day In This LIC Plan, And Get Rs 23 Lakh Tax Free On Maturity: Find Out More About LIC's Money Back Plan India’s largest life-insurance company LIC has now come up with a new money-back policy, branching into two types,…

Policybazaar launches the first of its kind job-loss insurance cover in the Indian market. With unanticipated job threats, like the novel coronavirus pandemic, people in India are seldom insurance covered, shall they lose their job or…

Over 5 lakh firms could be losing their GST registration for not filing tax returns. The Revenue Department set a deadline of five days starting November 20 for the transactions done in October. As lakhs of firms have failed to file the…

Crisil finds out that almost 99% of non-MSMEs might not opt for RBI's one-time debt restructuring relief package. On August 6, 2020, the RBI announced a relief scheme for non-MSME companies and organizations having an aggregate exposure…

SBI Card and Paytm have partenered to introduce contactless credit cards. The credit card company SBI Cards & Payment Services Ltd., or SBI Card has partnered with the digital payment platform Paytm, to launch contactless credit…

All Borrowers In India Will Get Back Interest On Interest Charged During Lockdown By November 5th; Which Loans Are Eligible? Amidst the ongoing reports on the RBI loan moratorium, we informed you that the Supreme Court directed the…

Get Interest Waiver on EMIs from banks as cashback. People are calling it EMI cashback. The finance ministry has confirmed the EMI interest waiver by banks and has issued the complete list guidelines. The interest waiver is applicable on…

Paytm to release 2 million new cards in the next 12-18 months. The e-commerce payment system and financial technology Indian company Paytm announced on Monday, to introduce co-branded credit cards by partnering with leading banks. …

Supreme Court orders sets the deadline for interest waiver on loans worth upto Rs 2 Crore, until Nov 2. Last week, we informed you that the Government shall be renouncing the interest on interest accrued over the extension period of EMI…

In the loan moratorium case, RBI has informed that it's not possible to add more relief including the already announced relief package. The government has already agreed to waive compound interest on loans up to 2 crores under the relief…

Loan Moratorium Relief: No Interest On EMI Delay, Reward For Paying EMI (Govt Proposal) We have covered in detail about every more in the banking sector, when it comes to the ‘loan moratorium’ issue. Last month, we covered a story,…

HDFC Bank plans to set up a pan India umbrella entity to boost retail payment in the country. On August 18, the regulator bank RBI released the framework for authorizing umbrella entities for retail payments, pan-India. Consequently,…

New Credit/Debit Card Rules: Online Payment, NFC Disabled For These Cards (Full List Of RBI Rules) We have covered countless articles on credit card and debit card frauds. Needless to say, the numbers have only increased despite the…

How to get two year loan moratorium? Banks are now offering a two year moratorium as per the new restructuring scheme. The new loan restructuring policy approved by the Reserve Bank of India (RBI). So, you don’t have to pay EMIs for your…