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Since 2014, the per-day transaction limit for IMPS was capped at Rs 2 lakh. But now the central bank has increased the limit to Rs 5 lakh.
Repo rate is the rate at which the RBI provides liquidity to banks to overcome short-term mismatches.
Repo rate and reverse repo rate have been kept unchanged along with accommodative stance
The urge to spend has risen to such an extent that terms like ‘revenge spending’ have come into circulation.
Govt pensioners must submit their life certificate at the nearest bank or post office between November 1 to Novemebr 30 every year.
If you are an ICICI Bank customer, you can pay through your credit or debit card without having the card with yourself
The gold monetisation scheme was launched by the government in 2015.
Bank of Baroda Home Loan: Home loans are being offered with starting repo linked rate of 6.5% to 6.5%+1.35% as per the risk rating of applicants.
State Bank of India's Kavach Personal Loan is exclusively meant to offer instant personal loans (Rs 25,000 to Rs 5 lakhs) to Covid positive patients.
In the affordable housing space, the total loan book of new players have increased by 10% YoY to Rs 60,468 crore as on June 30