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SBI must pay Rs 5 lakh to woman despite 6-year delay in claim: Nagpur consumer panelA Nagpur consumer commission directed SBI to pay Rs 5 lakh to a widow. The payment is for an insurance claim filed six years late. The comm...
Key rule changes in November 2025: Deposit account bank nomination, life certificate, SBI Card and moreKey financial rule changes are set to take effect in November 2025, impacting bank customers, credit cardholders, and central government em...
Unclaimed shares: Why reclaiming dormant shares is a long, confusing journey for common equity investorsThe procedures intended to make it tough for fraud to be perpetuated are quite onerous for the common investor; especially when the rationa...
Australia's ANZ to pay $160 million over bond deal, customer violationsAustralia and New Zealand Banking Group will pay a hefty fine. The penalty is for misconduct including charging deceased customers. The ban...
Bank holiday for Onam, Eid-e-Milad: Are banks open or closed in your state tomorrow for these festivals?Bank holiday: Banks in Kerala will be closed on September 4, 2025 and September 5, 2025, for Onam. Several other states will also observe b...
Bank locker facility: Don’t sign that bank agreement until you know these chargesBanks offer safe deposit lockers for secure storage, with annual rent varying by size and location, payable in advance. Besides rent, charg...
Your debit card may have free life insurance cover without any policy number; Know how to claim itInsurance on debit card: Many banks like Kotak Mahindra Bank, Development Bank of Singapore (DBS) India, HDFC Bank, State Bank of India (SB...
RBI issues new rules on inoperative, unclaimed savings accounts, FD, deposits: FAQs on how to claim, charges, interest to be paidThe Reserve Bank of India (RBI) has issued comprehensive guidelines on the measures to be implemented by the banks covering various aspects...
RBI simplifies reactivation of dormant accounts; tightens norms to curb fraudsThe Reserve Bank of India (RBI) has relaxed the process for reactivating dormant accounts and increased norms to limit fraud in inoperative...
How to check if you have unclaimed deposits in a bankThere are thousands of crores lying in unclaimed deposits in banks. Here’s how to check if any of it is yours.
Rs 35,000 crore unclaimed deposits: Check out, your money could be lying hereA deposit is considered to be unclaimed if there has been no activity on it for ten years or longer, such as a deposit of funds or a withdr...
Sukanya Samriddhi Yojana (SSY) interest rate hiked by 40 bps for Apr-June 2023 quarter: Check latest ratesA girl child's natural or legal guardian can open an account in her name under the Sukanya Samriddhi scheme. SSY offers a significant tax-f...
FD premature withdrawal penalty charge: SBI vs HDFC Bank vs ICICI Bank vs PNB vs Yes BankFixed deposits (FDs) are secure investments since they have guaranteed returns and fixed interest rates. It is possible to prematurely with...
View: Banks are great pools of insurance premiums that, if triggered, can significantly increase insuranceMicrofinance loans should have a mandatory cover of double the outstanding loan. In this segment, a family often does not even have enough ...
Crypto billionaireFrom a made-in-India crypto token crossing $10 billion in market cap to Google rolling out News Showcase in the country and Amazon looking ...
Man who lost job at Jet Airways and money at PMC Bank, dies of heart attackSanjay Gulati and his 80-year-old father CL Gulati participated in the depositors' protest in south Mumbai on Monday morning.
Best companies to work for 2012: Best practices from around the worldFrom rewarding, thanking, balancing, welcoming to developing, inspiring and contributing, Great Places To Work brings a bouquet of best pra...
Are banks really following banking guidelines in the right spirit?Banks have to abide by a banking code while dealing with customers. But if some problems still arise, customers can approach the redressal ...
- New norms soon for FDs, financial instruments
For years, the validity period of cheques, pay orders and demand drafts or bankers' cheque has been six months. This, however, is to set to...
- Home buyers may get time to pad up for rate hikes
Home owners and potential buyers of residential properties can now look forward to a better deal from their lenders.