Yesterday RBI announced 3 months EMI Moratorium on loans. People rejoiced and there was a big relief on many thinking they are now safe for the next 3 months. However, the reality is entirely different. What is the meaning of 3 Months Moratorium? As per the definition...
Effective from 16th December 2019, you can transfer money using NEFT 24X7. These new NEFT Timings - 24X7 transfer schedule is a boon to many of us. You may be aware that earlier NEFT and RTGS charges were waived off. Let us see the new features of NEFT and RTGS with...
Using the Apps like IIPB (India Post Payment Bank) or India Post Mobile Banking App, Post Office now offering online deposit in Post Office PPF, Sukanya Samridhi, RD account easily. Let us see the available options for the same. PPF, Sukanya Samridhi or RD accounts...
Effective from 1st October 2019, all your loans will be linked to the External Benchmark Lending Rate. Hence, it is important for you to understand what is the meaning of external benchmark lending rate and how it is different from the earlier rate regime. Before...
What is the applicable latest Post Office Small Saving Schemes Interest rates July-Sept 2019? The government announced the interest rate for PPF, Sukanya Samriddhi, NSC, KVP Interest Rates July-Sept 2019. Let us see the changes applicable with effective from 1st July...
RBI Yesterday launched an online platform where you can file an online complaint with Ombudsman for digital transaction failures. I think this is a wonderful move for all of us. Before jumping into understanding the procedure to file an online complaint with Ombudsman...
Effective from 1st June 2019, RBI extended the timings available for RTGS Timings. Hence, let us see the new NEFT and RTGS Timings. RBI in it's new circular dated 28th May 2019, declared that RTGS timings have extended up to 6 PM rather than the existing 4.30. This is...
Effective from 1st May 2019, SBI Savings Account Interest Rate calculation will change. Many of us may not notice this change. However, it is important for you to know how the interest rates on the savings account will be calculated in SBI Bank. As you may be aware,...
How to change Aadhaar address online without address proof? Aadhaar is one of the most vital documents for all of us. However, due to frequent change in our resident, for few of us, it may be difficult to provide the valid address proof to change the same in Aadhaar...
Are you aware of No Cost EMI from Amazon and Flipkart? They claim that No Cost EMI is ZERO interest, ZERO down payment, and ZERO processing fee. How is it possible? However, as per the RBI notification (dated 17th September 2013), RBI prohibited financial institutes...
How to unlink Aadhaar from Bank, Mobile and Digital Wallet? On September 26th, 2018, Supreme Court in a landmark verdict ruled that Aadhaar would not be needed for opening bank accounts, for getting mobile phone connections, investing in Mutual Funds, while buying...
Recently on 16th August 2018, NPCI launched UPI 2.0 by adding few more features which are very much user-friendly. Let us discuss these features one by one. What is UPI or Unified Payments Interface? It is a real-time payment system that helps you to instantly...