Updated on 10 May 2021 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% …
Updated on – 28 Jan 2021 “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 …
Updated: Jan 24, 2021 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 on 5th July 2021 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 …
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Updated on: 17 Jan 2021. I opened my first sweep account in SBI back in 2017. You won’t believe that I had to wait for 3 months for this approval. Reason? Because my bank account was in the State Bank of Patiala. I made a request for the auto sweep in April but due to …
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