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NO FRILLS BANKING ACCOUNT
Banks are cutting credit card perks quietly; Learn how to get more value from your walletMany banks have recently reduced credit card rewards, cashback limits, and perks, prompting cardholders to reassess their spending strategi...- Volume of direct benefit transfers rises 37% to 3.9 lakh crore transaction so far this year: UIDAI CEOThe DBT transfers grew 37 per cent to 3.9 lakh crore transactions so far this year over the full year of 2020, Garg told an event organised...
- Reserve Bank of India relaxes norms for no-frills accountsThe apex bank eased regulations for Basic Savings Bank Deposit (BSBD) Accounts, popularly known as 'no-frills' accounts.
- RBI replaces 'no-frills' account with basic savings accountRBI today asked banks to drop the 'no-frills' tag from the basic saving accounts as the nomenclature has become a stigma.
- Don't treat no-frills A/cs as 'nuisance' : RBI to banksReserve Bank Governor D Subbarao today said lenders should look at financial inclusion as an opportunity to expand business.
- Airtel, Axis tie-up for mobile banking servicesBharti Airtel customers will now be able to open no-frills savings account in Axis Bank through their mobiles and will be able to carry out...
- Now, open bank account with other states' identity proofThe government has asked banks to accept identity proofs issued in other states as valid documents for opening no-frills bank accounts.
- Every village to be covered under Financial inclusion driveBuoyed by success of the financial inclusion drive and cash transfer of subsidies, finance min is mulling asking state-run banks to extend ...
- RBI asks banks to open no frills account for minority studentsThe advisory came after the Ministry received feedbacks that the banks were reluctant to open no frills accounts of students of minority co...
- SBI mulling transaction-based fee for no-frills accountsIn order to make the operation of no-frills accounts opened under the financial inclusion plan feasible, State Bank of India (SBI) is mulli...
- Banks not following RBI norms for opening no-frill accounts: FMGovernment admitted that certain banks were not following guidelines on opening no-frill accounts.
- Govt nods mobile banking in rural areas from JulyPeople will be able to withdraw cash and transfer funds using their mobile phones in rural areas with the government approving the framewor...
- Complete financial inclusion of districts a myth, feel expertsA third of the country’s 623 districts in 18 states and six union territories today claim to have achieved 100% financial inclusion.
- Real financial inclusion still to be achievedA third of the country's 623 districts in 18 states and six union territories on Tuesday claim to have achieved 100 per cent financial incl...
- RBI wants banks to lend to no-frills a/c holdersAfter asking banks to come out with ‘no-frills’ accounts for the underprivileged, the central bank has urged banks to provide these account...
- RBI asks banks to offer credit through no-frill accountsThe Reserve Bank has asked the banks to offer credit products through no-frill accounts for rural and semi-urban customers and use the busi...
- No-frill bank accounts cross 1 cr mark"No frill" accounts, which brought banking to the doorsteps of poor, has crossed one crore mark, according to the latest figures made avail...
- Nearly half of Indians financially excludedBanks launch initiatives such as allowing no-frills accounts, utilisation of services of NGOs & micro-finance institutions.
- PMLA no problem for no-frills bank a/csThe government has decided to relax the norms applicable under the Prevention of Money Laundering Act (PMLA) for no-frills bank accounts. R...
- Bring more customers: FM to bankersFM asked bankers to be up to the challenge of bringing all sections of society under the banking net.
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