Evolving economic conditions are forcing the central bank to cut repo and reverse repo rate to enable easy lending. Banks are cutting lending rates, but reducing the interest rates on deposits as well. The trend of declining interest rates isn’t new, banks reduced interest rates in the range of 1.25% to 2% in the last …
“Banking at the doorstep” this phrase became reality in the year 2015 with the start of Payment Banks in India. Bharti Airtel was the first company to start a live payment bank in India. It is called Airtel Payments bank. Let’s dive deep to know everything about Payment Banks in India. Payment Banks in India: …
Updated: Jan 24, 2020 Banks offer different interest rates on different savings schemes. Interest in the invested money is calculated differently for different schemes. For instance interest on Fixed Deposits is compounded quarterly while interest on Provident Fund is calculated on a monthly basis. Let’s dive into the details of interest calculation by banks on …
Updated: Jan 20, 2020 Don’t like waiting in a queue for your turn to swipe your debit or credit card to pay for your purchases in the supermarket? No worries… Sooner, it’s going to be a thing of the past in India. Because Indian banks are now providing contactless debit and credit cards for secure …
11 Benefits of Contactless Debit & Credit Cards in India 2020 Read More »
Updated on 5 March 2019 Banking exams are the most popular competitive examinations of the country. IBPS PO, IBPS Clerk, IBPS RRB exams, SBI PO, RBI and many such exams feature a combined audience in millions. With such a huge mob of candidates appearing in the exam, you need to have some extra smartness, in …
Best Apps for Bank Exam Preparation on Google Play Store Read More »
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