As the number of people who use their cards to make purchases has increased, so has the number of cases of card-related fraud. Here are the precautions to follow when using debit or credit cards, according to the RBI's brochure "BEWare."
IDBI Bank, like other banks, has altered its bank fixed deposit (FD) interest rates for sums less than Rs 2 crore. The revised prices will go into effect on April 20, 2022.
The State Bank of India (SBI) has warned its customers about phishing scams through several channels of communication, including text messages, emails, and tweets. The Reserve Bank of India (RBI) has published a brochure outlining all forms of frauds that are occurring and how to protect yourself.
At the start of the financial year 2022-23, the mortgage lender announced that it will be merged with HDFC Bank. Though, the merger is yet to get regulatory approval, here is how customers and borrowers of HDFC Ltd. are likely to be impacted. Do note the impact will be felt after 12-18 months.
Borrowers' interest payments typically rise as the MCLR rises. Existing borrowers' EMIs will be affected when their loan reset dates occur as a result of the MCLR increase.
HDFC Bank increased its one-year FD interest rate by 10 basis points to 5.10 percent from 5 percent earlier this month, as well as its one-year one-day to two-year FD interest rate to 5.10 percent from 5 percent.
When opening a locker at the State Bank of India (SBI) or any other bank, customers must ensure that they register for the nomination facility and the survivorship clause.
SEBI's advisory for mutual funds to stop further investments into foreign stocks has cut off domestic investors from a popular avenue to invest abroad. However, if you are missing out on foreign markets, you have the option to invest in foreign stocks directly. Sanket Dhanorkar, Assistant Editor, The Economic Times, takes you through the process of investing in international stocks. Watch
The marginal cost of lending rate (MCLR) of Kotak Mahindra Bank has been updated for all loan tenors. According to the Kotak Mahindra Bank website, the revised new rates will take effect on April 16, 2022.
Axis Bank has increased the marginal cost of funds based lending rate (MCLR) on loans, just days after the State Bank of India (SBI) raised it.
The Reserve Bank of India (RBI) fined Manappuram Financing Rs 17 lakh for violating KYC and prepaid payment instrument standards. The company was found to be in violation of RBI KYC and minor PPI guidelines.
If you are a credit card or a debit card holder, then it is important to know that certain international transactions are prohibited by the Reserve Bank of India. If an individual undertakes these prohibited transactions then a penalty can be imposed on him. Further, he may be barred from having a credit card.