Daily Latest News
Last Updated:September 18, 2025, 07:59 is If a bank account remains inactive for two years, it is marked as dormant, and several services get restricted. A small transaction or auto-payment can keep your account active. It’s easy to lose track of an old bank account, especially after changing jobs and opening a new salary account….
New Delhi:India’s credit card debt has shot up to ₹2.92 lakh crore in just four years, and personal loans have jumped by 75%. But Monish Gosar, a Mumbai-based data scientist, says banks didn’t force anyone—people chose to borrow. “Banks didn’t trap us,” he writes. “They offered the rope. We tied the knots”. Gosar believes the…
Last Updated:May 20, 2025, 14:02 is Claiming money from a deceased person’s account in India requires following certain procedures. Nomination streamlines the procedure and requires less documentation.(News18 File Photo) Banks and government programs like Post Office Savings Schemes and financial institutions in India have the right processes in place to resolve claims from a deceased…
Mumbai: The Reserve Bank of India proposes to cap a single regulated entity’s (RE) contribution to any Alternative Investment Funds (AIF) at 10 per cent of its corpus while collectively, a ceiling of 15 per cent will apply for investment by all REs in an AIF scheme, in the revised draft directions issued on Monday….
Last Updated:May 17, 2025, 07:00 is With May 2025 having five Saturdays, this means that while May 24 (the fourth Saturday) will be a bank holiday, both May 17 and May 31 will be regular working Saturdays. May 24 will be a holiday. There’s a question echoing in the minds of many people – will…
Last Updated:January 19, 2025, 09:55 IST An individual can invest a certain amount of money at a predefined interest rate for a predetermined period of time, which can range from seven days to 10 years, using a fixed deposit (FD). Customers should compare the FD interest rates that various banks are offering for the appropriate…
New Delhi: Union Finance and Corporate Affairs Minister Nirmala Sitharaman, in a key meeting in New Delhi, held discussion with Prof. Nick Stern, a member of the G20 Independent Expert Group on strengthening Multilateral Development Banks (MDBs). The meeting focused on global development issues, particularly the role of MDBs and the importance of climate finance…
UPI vs UPI Lite: As we all know the National Payments Corporation of India (NPCI) has launched two versions of a digital payment system: UPI (Unified Payments Interface) and UPI Lite. These payments are used for digital transactions in India and become an essential part of daily transactions for many because of the convenience of…
Bank Holidays In August 2024: In the busy corporate life, many individuals reserve their bank-related work for Saturdays. However, all super-busy individuals should note that banks are open only on the first, third, and fifth Saturdays of the month (if applicable). Banks are closed on the second and fourth Saturdays. Hence, today all banks are…
Last Updated: July 08, 2024, 20:41 IST Credit card companies and banks levy substantial fees under different names, which can prove costly if not understood properly. Whether you currently use a credit card or are considering applying for one, it’s crucial to familiarise yourself with the charges you may encounter. The popularity of credit cards…