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According to the bank, most of the frauds take place by hacking in the customer's phone which usually has all the banking data saved
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The account can be used to avail the government benefits like subsidies, pension, scholarship, etc.
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Claiming it to be a first-of-its-kind payment functionality in India, RBL Bank said that the app will allow its account holders to make contactless transactions globally through their mobile banking app both in-store and online
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The loan has to be paid off in six months before another overdraft is approved
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Unlike bank accounts, one does not need to have a minimum balance to keep his or her e-wallet account active
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Till March 31, 2021, 30.90 crore debit cards were issued to 42.2 crore beneficiaries
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Central Bank of India has requested citizens to vaccinate against the virus and avail its attractive offer, which is for a limited period
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S&P Global Ratings believes systemic risks facing banks in India are likely to remain high in the wake of the second wave of COVID-19 infections and a high proportion of weak loans
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Shaktikanta Das also highlighted the recent policy measures taken by RBI to further support the ongoing recovery while preserving financial stability
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Even as its competitors have hiked rates on their home loans lately, Kotak Mahindra Bank announced its decisions to continue with its rate structure starting at 6.65%