Recurring deposits (RD) with banks are one of the most popular investment options for people with regular income. RD enables to deposit fixed amount every month for a pre-defined period which earns interest similar to Fixed Deposits (FD). You might want to bookmark this page as the RD interest rates would be updated every month […] Continue reading →
In last few weeks you might have received tons of SMS, emails, automated voice calls and personal calls from bank staff to link your aadhaar number to your bank account. Though the automated communication does not mention it’s mandatory but talk to any bank staff and they would say – in case you DO NOT […] Continue reading →
Government of India has launched the eighth tranche (Series I for FY 2017-18) of Sovereign Gold Bonds from April 24 to 28, 2017. These bonds are investment scheme where investors could buy gold in the form of Gold Bonds from Government of India. Highlights Sovereign Gold Bond Eligibility: Resident Individuals, HUFs, trusts, universities, charitable institutions, etc Application Date: April 24 […] Continue reading →
Muthoot Finance, the dominant player in Gold Loan Business has come out with public issue of non-convertible debentures (NCD) offering up to 9.00% interest rate. The issue would open on April 11, 2017 and would close on May 10, 2017. Muthoot Finance NCD – Significant Points: Offer Period: April 11 to May 10, 2017 Annual Interest Rates for Retail […] Continue reading →
Kosamattam Finance has come out with public issue of non-convertible debentures (NCD) offering up to 10.4% interest rate. The issue is already open for subscription and closes on April 27, 2017. Kosamattam Finance Ltd is a Kerala Based NBFC engaged in gold loan finance business. They lend money against the pledge of household Jewellery in the state […] Continue reading →
NRI (Non Resident Indians) due to various reasons want to maintain account in India in Indian Rupee denomination. This could be because he/she wants to repatriate (transfer) foreign earnings to India or want to keep income earned in India in India. There are two options available for them: NRO Account (Non–Resident Ordinary) NRE Account (Non-Resident […] Continue reading →
Missed Call banking is NEW service being offered by banks in which you can give missed call on pre-defined numbers to know your account balance or get mini statement through SMS. The good thing about this service is its FREE and you can access basic account details without having internet or going to ATM/bank. How […] Continue reading →
CIF or Customer Identification File is a virtual file with the bank which contains all details of a customer including valid photo id, address details, etc. In simple terms CIF Number is your customer number with the bank and all your accounts are linked to the same CIF number. SBI CIF Number: Different banks have […] Continue reading →
Life has become a lot more convenient with the new age banking but this convenience comes with a lot costs in terms of hidden charges. Below is the list of such charges which you might not know 1. Non Maintenance of Monthly/Quarterly Average Balance: Almost all banks insist on maintaining monthly/quarterly average balance. In case […] Continue reading →