Bank Account

Timelines
Want to link Aadhaar with bank account? Here's how

01 Oct 2019

Want to link Aadhaar with bank account? Here's how

The process to link your Aadhaar card with bank account is simple and quite similar for most of the banks.

#FinancialBytes: All about minimum account balance rules of top banks

26 Apr 2019

#FinancialBytes: All about minimum account balance rules of top banks

Regular savings bank accounts are the most popular type of bank accounts. They are also one of the safest investment options as they allow accountholders to save their money, use it anytime, and also earn interest.

#FinancialBytes: Popular types of savings accounts offered by SBI

25 Apr 2019

#FinancialBytes: Popular types of savings accounts offered by SBI

State Bank of India (SBI) is the largest public sector bank in the country with more than 42 crore customers.

#FinancialBytes: Mistakes to avoid while filing income tax returns (ITRs)

07 Apr 2019

#FinancialBytes: Mistakes to avoid while filing income tax returns (ITRs)

Filing income tax returns (ITRs) on time every year is very important. However, the process of filing income tax returns can be daunting for many individuals.

#FinancialBytes: 5 apps to help homemakers manage finances better

04 Apr 2019

#FinancialBytes: 5 apps to help homemakers manage finances better

Financial management, planning, and budgeting are essential skills homemakers should have in order to run their household smoothly.

#FinancialBytes: 'Secret' Amex Black Card's perks you didn't know about

20 Mar 2019

#FinancialBytes: 'Secret' Amex Black Card's perks you didn't know about

The American Express Centurion Card for the uber-rich, popularly known as Amex Black Card, is the ultimate status symbol in the credit card world.

#FinancialBytes: 5 apps to help homemakers manage finances better

12 Mar 2019

#FinancialBytes: 5 apps to help homemakers manage finances better

Financial management, planning, and budgeting are essential skills homemakers should have in order to run their household smoothly.

#FinancialBytes: 'Secret' Amex Black Card's perks you didn't know about

02 Feb 2019

#FinancialBytes: 'Secret' Amex Black Card's perks you didn't know about

The American Express Centurion Card for the uber-rich, popularly known as Amex Black Card, is the ultimate status symbol in the credit card world.

#FinancialBytes: Factors to consider before taking a credit card

02 Jan 2019

#FinancialBytes: Factors to consider before taking a credit card

Credit cards have become an essential financial tool today because of the convenience they offer. People use credit cards for almost everything, including online/offline shopping, bill payments, travel-purchases, etc.

#FinancialBytes: Credit-card options if your salary is below Rs. 40,000pm

25 Dec 2018

#FinancialBytes: Credit-card options if your salary is below Rs. 40,000pm

Credit cards have become an essential part of our lives today. People use credit cards for almost everything, including online/offline shopping, bill payments, travel purchases, etc.

#FinancialBytes: 5 best credit cards for students in India

19 Dec 2018

#FinancialBytes: 5 best credit cards for students in India

Credit cards have become an essential part of our lives today because of the convenience they offer.

#FinancialBytes: 5 best debit cards for students in India

18 Dec 2018

#FinancialBytes: 5 best debit cards for students in India

Debit cards have become one of the most essential and widely-used payment methods for cashless and online transactions today.

#FinancialBytes: 5 apps to help homemakers manage finances better

14 Dec 2018

#FinancialBytes: 5 apps to help homemakers manage finances better

Financial management, planning, and budgeting are essential skills homemakers should have in order to run their household smoothly.

#FinancialBytes: 5 best money management apps for couples

12 Dec 2018

#FinancialBytes: 5 best money management apps for couples

Money management and budgeting apps are becoming increasingly popular these days for keeping one's finances under control.

Soon, Aadhaar details will be optional for bank accounts, SIM-cards

11 Dec 2018

Soon, Aadhaar details will be optional for bank accounts, SIM-cards

On the first day of the Winter Session of the Parliament, the Modi government has decided to make Aadhaar details optional for those applying for new mobile connections and those opening new bank accounts.

#FinancialBytes: 5 best debit cards for offers, rewards in India

10 Dec 2018

#FinancialBytes: 5 best debit cards for offers, rewards in India

Debit cards have become one of the most widely-used payment methods for cashless transactions today.

#FinancialBytes: Investing in Fixed Deposits? Here's everything you should know

04 Dec 2018

#FinancialBytes: Investing in Fixed Deposits? Here's everything you should know

When it comes to investment options in India, Fixed Deposits (FD) are among the top choices as they guarantee fixed returns to investors.

Telecom operators, banks may be allowed to use Aadhaar: Jaitley

06 Oct 2018

Telecom operators, banks may be allowed to use Aadhaar: Jaitley

Finance Minister Arun Jaitley said a Parliament-approved legislation can restore mandatory linking of biometric ID Aadhaar with mobile phones and bank accounts, but did not say if the government will bring a new law for the same.

Banks with over 10 branches to have internal ombudsman: RBI

04 Sep 2018

Banks with over 10 branches to have internal ombudsman: RBI

The Reserve Bank of India (RBI) yesterday asked all scheduled commercial banks with more than 10 branches to appoint an internal ombudsman (IO).

#FinancialBytes: Have a credit card? 5 tips to use wisely

19 Aug 2018

#FinancialBytes: Have a credit card? 5 tips to use wisely

Given the ease and convenience of making payments that credit cards offer, they've now become a household phenomena.

24 banks collect Rs. 5,000cr as minimum balance non-maintenance penalties

05 Aug 2018

24 banks collect Rs. 5,000cr as minimum balance non-maintenance penalties

Twenty-four banks have collected a whopping Rs. 4,988cr in 2017-18 as penalties for non-maintenance of minimum average monthly balance (AMB).

#FinancialBytes: Have a credit card? 5 tips to use wisely

05 Aug 2018

#FinancialBytes: Have a credit card? 5 tips to use wisely

Given the ease and convenience of making payments that credit cards offer, they've now become a household phenomena.

#PolicyExplainer: All about Pradhan Mantri Jan Dhan Yojana

30 Jul 2018

#PolicyExplainer: All about Pradhan Mantri Jan Dhan Yojana

The Government of India launched Pradhan Mantri Jan Dhan Yojana (PMJDY) back in 2014 as a financial inclusion mission aimed at providing basic financial services.

#FinancialBytes: All about savings account with SBI, HDFC, ICICI, Axis

28 Jul 2018

#FinancialBytes: All about savings account with SBI, HDFC, ICICI, Axis

Gone are the days when opening a new bank account was a hassle - the advent of the internet has made the process easier.

Scam alert: Mumbai woman loses lakhs in a week

02 Jun 2018

Scam alert: Mumbai woman loses lakhs in a week

Mumbai Police are on the lookout for a man who has duped a woman of Rs. 6.97L about a fortnight ago.

#FinancialBytes: What are virtual credit-cards and how to get one?

16 May 2018

#FinancialBytes: What are virtual credit-cards and how to get one?

Today, most of us prefer online shopping as there are a lot of products available at the click-of-a-button.

#FinancialBytes: 6 smartphone apps necessary to live a cashless life

13 May 2018

#FinancialBytes: 6 smartphone apps necessary to live a cashless life

The Modi government's 2016 demonetization drive paved the way for cashless transactions in India and ever since the digital payments ecosystem has evolved dramatically.

#BusinessBytes: All about the top 7 debit cards in India

16 Apr 2018

#BusinessBytes: All about the top 7 debit cards in India

Debit cards are payment cards linked to one's savings account. Customers can conveniently withdraw money at ATMs, deposit cash, shop offline/online, etc.

#BusinessBytes: 6 popular savings-bank accounts and facilities they provide

13 Apr 2018

#BusinessBytes: 6 popular savings-bank accounts and facilities they provide

Savings accounts, the basic investment option, allow customers to save their money safely, use it anytime, and also earn interest on it.

SBI slashes minimum balance non-maintenance fines by up to 75%

13 Mar 2018

SBI slashes minimum balance non-maintenance fines by up to 75%

Bringing major relief to customers, the SBI, India's largest public lender, has slashed penalties for non-maintenance of Average Monthly Balance (AMB) in savings accounts by as much as 75%.

80% bank accounts, 60% SIM have been linked with Aadhaar

04 Mar 2018

80% bank accounts, 60% SIM have been linked with Aadhaar

A month before the expiry of the deadline, around 80% of bank accounts and 60% of mobile connections have been linked with national biometric identifier Aadhaar, according to a senior official at UIDAI.

Beware of fake RBI websites. Here's how

09 Feb 2018

Beware of fake RBI websites. Here's how

Dear readers, beware.

Odisha police freeze bank accounts of rich Odisha MLA

21 Jan 2018

Odisha police freeze bank accounts of rich Odisha MLA

Police in Keonjhar district, Odisha, have frozen the bank accounts of Sanatan Mahakud, one of the richest MLAs in Odisha.

Linking Aadhaar with SIM cost this man Rs. 1 lakh

12 Jan 2018

Linking Aadhaar with SIM cost this man Rs. 1 lakh

Trying to link his mobile number with Aadhaar card, as per government directives, has cost a man in Jaipur Rs. 110,000.

More flaws in Aadhaar: Anyone can access your bank details

11 Jan 2018

More flaws in Aadhaar: Anyone can access your bank details

Reports about the lack of privacy and safety in Aadhaar only keep getting worse.

SBI may cut down minimum account balance to Rs. 1,000

05 Jan 2018

SBI may cut down minimum account balance to Rs. 1,000

SBI is mulling slashing its minimum account balance (MAB) requirement. This comes days after the finance ministry reported SBI had earned Rs. 1,771cr from fines levied on non-maintenance of MAB during April-November'17.

Interest on small savings schemes down by 0.2 percentage points

28 Dec 2017

Interest on small savings schemes down by 0.2 percentage points

The government has slashed interest rates on small savings schemes like National Savings Certificate (NSC), Sukanya Samriddhi Account (SSA), Kisan Vikas Patra (KVP) and Public Provident Fund (PPF) by 0.2 percentage points for January-March'18.

Cheque-books of six banks to be invalid from December 31

27 Dec 2017

Cheque-books of six banks to be invalid from December 31

The chequebooks of six banks formerly associated to SBI will become invalid on December 31. The earlier deadline was September 30, which was extended.

Government to NGOs: Open bank accounts before 21 January, 2018

26 Dec 2017

Government to NGOs: Open bank accounts before 21 January, 2018

In a bid to maintain transparency, the Ministry of Home Affairs has directed NGOs, businesses etc that receive foreign funding to open bank accounts within a month.

Centre takes back December 31 deadline for Aadhaar-bank account linking

13 Dec 2017

Centre takes back December 31 deadline for Aadhaar-bank account linking

The Centre has revoked the December 31 deadline for linking Aadhaar to bank accounts. The new deadline is March 31, 2018, or six months from the date of commencement of the account, whichever is later.