The Reserve Bank of India (RBI) has tightened the norms for NPA classification of credit card accounts. Until now, you had 120 days’ time to pay your credit card bills before being classified as a non-performing asset (NPA). But now things are set to change. If you don’t pay your minimum credit card dues within […]
Here is a list of things you should know when you opt for loan against property.
MasterCard, the global payments and technology company, is researching on a smartphone app that will allow people to authenticate a transaction and confirm their identity via biometric. This app aims to enhance online security and make transactions safer. The app will offer consumers with both finger print and facial scan options. On buying a product, […]
In a move to make it easier for “low risk customers” to open bank account, Reserve Bank of India (RBI) has expanded the list of documents that can be used as Officially Valid Documents (OVDs) for proof of identity and address. Over the years, the RBI has simplified the KYC requirements to make it easier […]
Are you planning to pre-pay your home loan? or prepaid your home loan already? here is the list of thing that you should aware and perform once you prepaid your home loan.
Before applying for loan, calculate the amount you are eligible for. In fact, you can do this even before you start house-hunting so that you know your house budget.
Harmanjit was on top of the world when his student education loan came through. That was 2013, it was the year his dream to pursue a top-notch course at a renowned university had come through! All that stood between him and a promising career ahead was his last leg of education at the university. But […]
On 24th June, India’s third largest private sector bank launched EMV chip-based debit card Secure+ with enhanced security features to make cashless transactions even more secure. Secure+ comes at an annual cost of Rs 300 and offers such protective features as: Emergency assistance in case of loss of ticket and wallet; also covers […]
To make repayment easier, a few banks have started offering home loan overdraft facility. Let us understand this in more detail.
Kolkata-based microfinance company Bandhan Financial Services has got the Reserve Bank of India’s (RBI’s) approval for setting up a bank. Come 23 August 2015, and the company will officially launch its banking operations. Bandhan is one of the only two companies (the other being IDFC) to receive the RBI’s in- principle licence to open a […]
