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RBI’s modified digital lending norms to come in effect from Dec 1 The Reserve Bank’s modified guidelines on digital lending that seek to protect customers from exorbitant interest rates by certain entities and also check unethical loan recovery practices will come into effect from Thursday. Under the new norms, all loan disbursals and repayments are required to ...

How to fund your trip abroad amid soaring inflation? [ad_1] If your social media feed has been full of friends posting their vacation selfies, be assured that you are not alone. Indians have travelled extensively this year as expenditure on travel and hospitality shot up by 165% annually, according to data from payment solutions provider PayU. The trend is likely ...

5 banks offering best 2-year FD interest rates [ad_1] 5 banks offering best 2-year FD interest rates [ad_2]

Rupee gains 34 paise to close at 81.38 against dollar amid weak greenback The rupee appreciated 34 paise to close at 81.38 (provisional) against the US dollar on Wednesday as a weak greenback in the overseas market and a rally in domestic equities boosted investor sentiment. At the interbank foreign exchange market, the local unit opened at ...

SBI eKYC: How to update KYC online [ad_1] [ad_2]

How new interbank forex card from BookMyForex cuts charges to the lowest [ad_1] Any foreign travel has traditionally involved a good amount cost being incurred on just foreign currency conversion be it hard currency, traveler’s cheque, forex card or international debit or credit card. Whether it is occasional traveler or frequent traveler, the forex conversion cost always weighed heavily on ...

NIFTY at a record new high: What are the critical equity market numbers indicating? [ad_1] NIFTY scaling a new high is a moment to celebrate for all equity investors, however, it is also the time to review your investment portfolio on where it stands and does it need some realignment. To make the next move right, equity investors need to ...

What to do if your NPS account becomes inactive [ad_1] Individuals can open pension accounts online under NPS by selecting Aadhaar based, or by providing PAN, KYC based details. A subscriber must pay a minimum initial contribution of Rs. 500 for Tier I and Rs. 1000 for Tier II at the time of registration, followed by a yearly contribution based ...

RBI Digital Rupee: What is RBI Digital Rupee? Important features, how it is different from cryptocurrency [ad_1] The Reserve Bank of India (RBI) has announced the launch of the first retail digital Rupee (e₹-R) pilot on December 1, 2022. According to the RBI press release dated November 29, 2022, here some important points to know about digital Rupee (e₹-R) pilot: ...

Money mule scams: What is it, how to avoid it [ad_1] According to the Canara Bank website, “A money mule is someone who transfers or moves illegally acquired money on behalf of someone else, for short term profits/ gains. Criminals recruit money mules to help launder proceeds derived from illegal activities. Some money mules know they are supporting criminal enterprises; ...