Here are some of the frequently asked questions relating to changes in auto-debit facility from October 1, 2021.
But knowing interest rates is not enough. You also need to ask about processing charges, pre-payment and late payment fees.
FDs: These special schemes offer higher returns on fixed deposits for tenures between five and 10 years.
Two other PSBs, as announced by the government in the union budget will also be privatised under the framework
The tie-up is formed to assist its 333 million customers to receive money from their relatives living overseas.
Big and popular lenders are offering this facility and ATM’s have been technologically upgraded to dispense cash without a card.
While the finance minister wants banks to increase rural footprint, reaching unbanked areas digitally offers a low-risk option for the banks.
For all auto-debit transactions below Rs 5,000, RBI has introduced an Additional Factor of Authentication (AFA).
Small finance banks are offering up to 7% interest rates on savings accounts, much higher than public and private sector banks.
Money9 gives you a brief description of the changes that are coming into effect from October 1 and could impact your financial life
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The moderation in inflation is a welcome news to Indian consumers that have been under pressure since the start of the pandemic
Economic conditions, industry scenario and global markets are some of the many reasons which affect the certainty of regular income flows
The existing ecosystem of dealers will play an important role in this future, but in a new paradigm.
As far as depositors are concerned, the biggest implication now will be that banks will have more bandwidth to deal with their credit requirements