Axis Bank, India’s third largest private sector Bank, recenlty announced the launch of 2 new products designed specifically for the youth and for women homemakers. The ‘ YOUth Account ’, is a bank account designed exclusively for the youth of today keeping in mind their attitu…
Now to Open a Bank Accont, Easier for You and Me..!
by Mr. Arnav Pandya, CA, CFP Opening a bank account got a little easier with the Reserve Bank of India (RBI) announcing several helpful measures for account holders. Some of these might seem to be procedural in nature, but at the ground level, they can have a severe impact on…
ICICI Bank : Advantage Woman Savings Account..!
Benefits of Advantage Woman Savings Account
India's largest Private sector bank ICICI Bank Advantage Woman Account enables today’s independent women to enjoy hassle-free banking services. Besides the core ICICI Bank advantage, the Advantage Woman Savings Account is pack…
Reserve Bank: Stops Post Dated Cheques for NBFCs..!
The RBI (Reserve Bank of India) had asked NBFCs (non-banking financial companies) to replace post - dated cheques issued to them by customers with new standardised cheques with improved security features. For the purpose of standardisation & enhanced security features,t…
What are the benefits of Cheque Truncation System - CTS to bank customers?
Will Any change in the process for customers in Cheque Truncation System? No. There is no change in the clearing process for bank customers in Cheque Truncation System (CTS ). Customers continue to use cheques as at present, except to ensure the use of image-friendly coloured…
Non - CTS - 2010 Cheques to be Cleared Till 31 December: Reserve Bank India
Non - CTS - 2010 cheques (Cheque Truncation System) will continue till December 31, 2013, the Reserve Bank of India (RBI) said. While banks have begun to issue fresh cheques in the CTS - 2010 format, there is still a large volume of non - CTS-2010 format cheques being presen…
Phishing E- Mail in the Name of RBI..!
Next time you get an email from the Reserve Bank of India (RBI) think again An email allegedly from India's banking regulator RBI ,asking denizens to secure their bank account details with the RBI is fake, and an attempt by new-age fraudsters to con people into giving aw…
Reserve Bank of India 100 % Against 0 % EMIs for Consumer Goods
Planning to buy a phone or / a television during the upcoming festive season Do not bet on paying off the bill in interest free instalments.
These schemes are being withdrawn as the Reserve Bank of India (RBI) has frowned on the practice of banks tempting consumers to make…
Mobile Banking : Smart Finances Tool
Indian banking experts advocate mobile banking. Take the example of the National Payments Corporation of India (NPCI), set up by the Reserve Bank of India (RBI), which launched the inter-bank mobile payment service (IMPS) for all merchants. This means you can pay any kind of…
Cheque Signature Mismatch, Criminal Proceedings on :Supreme Court
A person may face if a cheque issued by him / her gets dishonoured on the ground that his / her signature does not match the specimen signature available with the bank, the SC (Supreme Court) has said. Criminal Proceedings for Dishonouring of Cheque..! A bench of justices Mr.…
