Despite the fact that total money in the system has increased, dirty currency notes are taking up more space.
But knowing interest rates is not enough. You also need to ask about processing charges, pre-payment and late payment fees.
Banks too giving greater attention as borrowing cost is cheaper in the global market for sustainable projects.
While the finance minister wants banks to increase rural footprint, reaching unbanked areas digitally offers a low-risk option for the banks.
For all auto-debit transactions above Rs 5,000, RBI has introduced an Additional Factor of Authentication (AFA).
Small finance banks are offering up to 7% interest rates on savings accounts, much higher than public and private sector banks.
FM said that the recapitalisation requirements will go down, as the banks books are much cleaner now and would help the government
Money9 brings in a series of guidelines that will keep digital banking for seniors safe and secure.
Two-wheeler loan: Banks generally finance up to 90% of the value of the two-wheeler.
Notably, if you fail to repay the monthly installments of no-cost EMIs on time, your credit score gets impacted adversely.