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OVERDRAFT ACCOUNT
RBI relaxes rules on current, CC and OD accounts; threshold raised to ₹10 croreThe Reserve Bank of India has relaxed norms for business accounts. Customers can now open current, cash credit, and overdraft accounts more...- RBI eases restrictions on cash credit accounts, eases current account normsThe Reserve Bank of India has lifted all restrictions on banks opening and maintaining cash credit accounts, offering greater flexibility f...
- Struggling to pay home loan EMI? You can pay less now, but there's a trade offBorrowers struggling to manage their household budget and pay the higher EMIs are actively looking for a solution that can help them reduce...
- PNB discontinues this FD scheme: Check detailsCustomers of Punjab National Bank, particularly those with accounts in fixed deposit scheme PNB Varshik Aay Yojna, have been informed of th...
- Bank of Baroda hikes FCNR deposit interest rates: Check latest ratesThe Bank of Baroda has revised the interest rates on Foreign Currency Non-resident Deposits - FCNR (B).
- IDBI Bank launches special FD with interest rate of up to 6.7%IDBI Bank has launched a special fixed deposit scheme known as "Amrit Mahotsav FD" with a 500-day maturity period and a limited period offe...
- ICICI Bank launches debit card facility for customers availing loan against securitiesThe debit card will be issued to new customers who avail LAS and will be automatically renewed upon renewal of the LAS account.Customers ge...
- NPCI may launch UPI 2.0 this weekMerchants can block amount in customer’s A/c as security without reauthorisation.
- Home loan overdraft accounts squeeze banksThe advantage is that no interest is charged on the home loan to the extent of the extra money kept in the account.
- RBI allows Rs 50,000 a week withdrawal from overdraft accountsThe Reserve Bank further said the Rs 50,000 withdrawals may be disbursed predominantly in Rs 2,000 denomination bank notes.
- How to take loan against securities from banksThe interest rate on loan against securities (LAS) is lower than that of a personal loan or a credit card, since it is secured by collatera...
- Bank of Baroda launches loan product under PM’s Mudra YojanaBank of Baroda launched its loan product for the underbanked - "Baroda MUDRA Card" which can be used as debit cards for withdrawals.
- PM Narendra Modi's announcement implemented within 15 days: Uma BhartiUnion Minister for Water Resources Uma Bharti today said the Prime Minister Narendra Modi's announcement of launch of Jan Dhan Yojana on In...
- Narendra Modi set to revamp financial inclusion; to unveil new scheme on August 15The PM is set to give a big boost to the ongoing financial inclusion drive by unveiling a comprehensive programme, to be announced on Indep...
- Banks risk Rs 75,000 crore overdraft on 15 crore new accountsFinancial services secretary G S Sandhu said each account will have an accident insurance of Rs 1 lakh and a RuPay debit card.
- Opt for flexi home loans and earn more on surplus fundsIt could esp benefit borrowers who may have bought an under-construction property, with payments made to the builder being linked to the st...
- Kisan credit cards to double up as debit cardsThe nearly 10 crore farmers who hold kisan credit cards (KCC) will soon be able to use their card as a deposit account and a debit card.
- ‘Overdraft facility can’t be attached for tax recovery’The taxman does not have claim over the bank overdraft facility of a defaulter since the lender does not owe money, but has promised a loan...
- United Breweries June quarter net surges two-fold to Rs 76 crUB Group firm United Breweries Ltd on Wednesday said net profit surged over two-fold to Rs 76.13 crore for the quarter ended June 30.
- Forex reserves decline $1.8 b as FIIs pull out fundsThe country’s foreign exchange (forex) reserves fell by $1.8 billion, partly due to repatriation of funds by foreign institutional investor...
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