RUPEETIMES.COM
An Insight into Personal Finance in India
Having a keen interest in Indian personal finance topics especially credit cards, education loans and having a special interest in promoting financial awareness among the people, Ankit Sharma blogs regularly at Rupeetimes.com. A graduate from Mumbai University, Ankit brings the never-say-die, Mumbaikar attitude to his work.
By Ankit Sharma

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Tuesday, October 21
Yes Bank may enter credit card business soon.

New age private sector bank – Yes Bank has planned to enter the credit card business. The senior group president-Retail & Business Banking stated that it would take atleast 8-9 months for the bank to start up the credit card business.

Since last 10 years bank is serving customers all across the country. Bank has wide network with around 1 million customers. The bank will work out the credit card business steadily. Other...

Posted 11:27:19 AM Complete Story | Post Comment | Read Comments(0)

Monday, October 20
New multicurrency card of KVB bank

Private sector Indian Bank – Karur Vysya Bank has rolled out new multicurrency travel card. This is a prepaid reloadable card. This card will offer the customers easier and convenient spending in their foreign tours.

The card will provide the facility to loading the 3 currencies such as US$, Euro and Singapore Dollar (SGD) in one card. In addition to this the customer will also get the facility of net banking through which...

Posted 11:37:25 AM Complete Story | Post Comment | Read Comments(0)

Friday, October 17
Federal Bank bagged excellence banking award

State owned bank – federal Bank has won four out five IDRBT Banking Technology Awards for 2014- 15. For its excellent performance the bank has been awarded with four awards. The bank has been announced as the best bank for use of Technology for Financial Inclusion, Social Media and Mobile Banking. In addition to this bank has been entitled best bank for Business Intelligence Initiatives and for Best IT Team.

Since 2001, IDRBT...

Posted 11:24:08 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, October 15
Customers with large account balance will get unlimited free ATM transcations: SBI

The highly networked bank of the nation-State bank of India has come up an new idea. The bank has decided to offer the free ATM transactions on the basis of account balance of the users.The bank will offer more than five free transcation(three in metro cities) to the customers who aoid visiting the bank branches.

In addition to this the customer who maintain a larger amount in their savings accounts will be offered with unlimited...

Posted 09:30:12 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, October 14
Hud Hud Cyclone crippled the Banking service in Vishakhapatnam

The destructive cyclone in AP and the surrounding areas has halted and affected the banking services in Vishakhapatnam Region. Due to the electrical failure the ATMs were not working and other banking services were crippled too. It has been reported that 350-400 ATMs went out of cash, making the situation worse for the people over there.

The power shortage is creating problem for the banks to provide the banking facilities. The CMD of the...

Posted 11:13:21 AM Complete Story | Post Comment | Read Comments(0)

Monday, October 13
Number of free transactions at non home ATM branches

Recently the apex bank of the country- RBI has unveiled that the number of free transactions at non-home ATM branches will remain to be five. Previously it was expected that the free transactions will be reduced to three, but now RBI has cleared that free transactions will remain five at both the metro centres and other locations.

But for the six metropolitan cities Delhi, Mumbai, Chennai, Banglore, Kolkata and Hyderabad the number free of cost...

Posted 11:27:05 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, October 8
SBI to launch ATM cum Pos terminals

Highly networked bank of the country – State bank of India has tied up with Ezetap Mobile Solutions Pvt Ltd. In association with Ezetap the bank has planned to roll out ATM cum POS terminals. To make payments at the retail shops easier for the customers, the bank has planned to launch this.

Through this the customers will be able to make payments through their bank accounts like any other debit card payment. ...

Posted 11:30:00 AM Complete Story | Post Comment | Read Comments(0)

Monday, October 6
Online NEFT transactions will be chargeable :PNB

Punjab National Bank has unveiled that bank has decided to charge its customers all online transfer of funds, irrespective of the amount. The bank stated that any transaction made to other bank account through National Electronic Fund Transfer (NEFT) will be charged.

From the beginning of the October the bank has decided to charge the customers for NEFT transactions made online, whereas Inward NEFT remittances will continue to remain free. The charge list...

Posted 10:36:37 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, October 1
43rd Branch of Canara Bank in Thiruvananthapuram Circle

Public sector bank - Canara Bank has planned to set up a new branch at Perunthanni. Canara Bank is one among the leading banks of the country. Bank has planned to expand its banking network in Kerala. General Manager of the bank Mr. KR Balachandran along with the Perunthanni Padmakumar, Ward Councillor will inaugrate the branch.

This is the 43rd new branch of the bank in the Thiruvananthapuram Circle. Apart from this there...

Posted 09:53:16 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, September 30
Discount and offers at the Yes Bank ATMs

Private sector Bank – Yes Bank has announced its plans to offer various discounts benefits and schemes at the ATMs to its customers. In order to facilitate its customers with variety of offers and exclusive scheme, bank has decided to provide offers on ATM deals to the customers.

All the Yes Bank customers can avail these offers. All the account holders the bank can avail the offers on cash withdrawal and fund transfers. Apart...

Posted 11:48:19 AM Complete Story | Post Comment | Read Comments(0)

Monday, September 29
New Rupay Debit card rolled out by A.P co-op Bank

It has been reported that A.P Mahesh urban co-op bank has rolled out its Rupay debit card. To make the banking transactions hassle free for its customer the bank.

The Chairman of the bank also informed that this Rupay debit card will provide the faster and cheaper transactions. The processing of the Rupay debt card will be done in our country itself. The usage of the international credit card leads to higher transaction costs....

Posted 11:14:20 AM Complete Story | Post Comment | Read Comments(0)

Friday, September 26
UCO bank signed MOU with CCAvenue

Most of the customers these days are tech savvy. Without much effort customers prefer to do banking online. With the view banking payments easier through the use of plastic money as well as through online banking .UCO Bank has signed a Memorandum with CCAvenue.

CCAvenue is one of the largest and reputed payment gateway provider. Through this partnership the bank will facilitate the bank customers to shop through various sites that are in association...

Posted 11:34:40 AM Complete Story | Post Comment | Read Comments(1)

Thursday, September 25
Increase in Interchange fee has made the financial viability of ATMs tougher.

It has been reported that a slowdown has been noticed in the establishment of ATMs across the country. The feasibility of ATMs is severely affected due to rising issues of the increas in interchange fee, capping of free transactions at the ATM.

Reports have shown that private banks have added only 607 ATMs. In 2013-14, they'd added a total of 5,366 ATMs. Hitherto the public banks have established only 6240 ATMs and in the...

Posted 11:27:58 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, September 24
Exclusive product NRI advantage rolled out by ICICI bank

For the Non Residents Indians ICICI bank has introduced a new product. The bank has launched this new product with purpose to serve and cater the non- financial needs of the NRI customers.

The new product named NRI advantage is basically for the NRI Pro, NRI premia and NRI savings account customers. This product will help the customers to avail several special offers and discounts. The Executive director of the bank also informed that...

Posted 11:23:04 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, September 23
ICICI bank introduced new mobile banking apps for its customers

Yesterday the leading institution of the private sector – ICICI bank unveiled 4 new banking apps. Bank has introduced new mobile applications to offer basic banking transactions to the customer over the mobile phone.

The new apps are: ICICI Store app, Insta Banking app, Video Banking app and mPassbook app. The customer can easily download these apps from the Google play store and use them. The app will allow the customer to initiate a...

Posted 11:18:04 AM Complete Story | Post Comment | Read Comments(0)

Monday, September 22
A cooperative bank introduced ATM cum Bank on wheels in Mangalore

A cooperative bank in Manglore - South Canara District Central Cooperative (SCDCC) has recently launched Bank cum ATM for the people. To make banking more comfortable for the people bank has introduced Bank cum ATM on Wheels with the help of NABARD.

In the office area of the Bank NABARD launched a cheque/cash drop kiosk. Chief general manager of the bank stated that cooperatives banks are no less than the commercial they...

Posted 11:38:58 AM Complete Story | Post Comment | Read Comments(0)

Thursday, September 18
RBI pondering to launch more POS terminals equivalent to the issuance of debit cards

Reserve bank of India has asked bank to launch more number of Point of sales machine at the merchant establishment. RBI is thinking to connect the issuance of Debit cards with the establishment of POS machines.

RBI stated that under PMJDY, banks are creating millions of new savings account in turn millions of new debit card will get issued, so it is necessary to create equivalent number of new POS else it might lead...

Posted 11:37:01 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, September 16
Axis bank introduced e-surveillance at the ATMs

Recently it was reported that with the purpose of enhancing the security at the ATMs the banks will opt for the e- surveillance method. Axis bank with no delay at the earliest has launched e-surveillance at the ATMs.

The Axis bank ATMs will now be monitored 24X7 by a centralized system. The executive and retail head of the bank has reported that bank is elated with the launch of this facility at the...

Posted 11:25:58 AM Complete Story | Post Comment | Read Comments(0)

Monday, September 15
Customer can make online shopping without giving credit/ debit card details

No longer the customer needs to produce credit card details or online banking password for making purchase at online retail store. It has been reported that Electronic payment and transaction processing solutions provider Euronet will now offer the customers with a digital code, through this code the customers will easily make their purchase without the need of revealing any debit or credit card details.

The customer can buy a digital code online or in the...

Posted 11:22:12 AM Complete Story | Post Comment | Read Comments(0)

Friday, September 12
RBI not in favor of banks to increase the interchange fee

Reserve bank of India informed that it is not in the favor of the banks decision to increase the interchange fees charged by the banks for ATM transactions. Interchange fee is the fee that bank charges from another in case he uses the other bank’s ATM. The first three transactions at other ATMs are free and after this, the bank can choose to pass on the cost to the consumer.

Highlighting the issues RBI stated...

Posted 11:23:27 AM Complete Story | Post Comment | Read Comments(0)

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