In a circular issued on March 3, the Reserve Bank of India (RBI) has asked banks to pay interest to savings account holders on quarterly basis or shorter duration. Currently, only Axis Bank and Yes Bank pay interest on their savings accounts on quarterly basis. The move from half-yearly basis of interest payments to […]
Pursuing higher education overseas is considered to be one of the best ways to get ahead in an extremely competitive world. But with skyrocketing prices for quality education overseas, it is growing extremely difficult for parents to fund their children’s education by themselves. This has led to a near exponential increase in the number of […]
Women are proving themselves in every sphere of life, be it personal or professional settings. The role of a homemaker is increasing with respect to family finances. Recognising these positive changes and the special banking needs of women, many banks have come up with specially designed savings accounts for them. However, what needs to be analysed […]
German luxury carmaker Mercedes-Benz launched Edition E in the E-Class series on February 24, 2016 as part of its celebration of 20 years of production in the country. This refreshed version of E-Class will be priced between between Rs 48.60 lakh and Rs 60.61 lakh. Mercedes-Benz has sold more than 32,000 units of the E-Class series since it […]
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Your online transactions using a credit card might become cheaper very soon, once steps approved by the Cabinet are implemented. Currently, vendors and payment gateways pay a convenience charge, a user charge and a service charge to the government, which are in turn charged to the customer. The total amount payable to the government in […]
In today’s day and age, the car an individual owns tends to define their social standing, and buying the car of choice remains a dream for many. But nowadays, a number of financial institutions provide car loans to help realize that very dream. There are of course a number of things that one needs to […]
Bandhan Bank launched an international debit card in association with Visa and started banking services for NRIs. The bank’s founder, managing director and chief executive — Chandra Shekhar Ghosh – said that the bank was ready to serve the Indian diaspora. These NRI accounts will be mostly for remittances from abroad. Ghosh foresees the demand coming from NRIs […]
Indian Overseas Bank (IOB) has become the first public sector bank to implement the Finacle 10, the latest digital banking package from Infosys Finacle. By end of January 2016, the bank successfully implemented the migration of more than 3,500 branches networked by legacy software to Finacle 10. The implementation project was executed by American technology company HPE. […]
Axis Bank and fitness firm GoQii have decided to collaborate for launching wearable devices for the bank’s customers. GoQii, formed by Vishal Gondal, is one of the leading Indian fitness band makers. According to Rajiv Anand, head of retail banking, Axis Bank, the device will be the first MasterCard certified wearable device, which will allow customers to make NFC payments. […]
