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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Thursday, August 28
Hike in E-banking complaints

It has been observed that the complaints regarding online banking frauds is rapidly increasing. According to the banking Ombudsman in 2013-14, the major number of the complaints received were regarding ATM and debit cards.

Last Day in a conference, Krishna Mohan stated that number of complaints have increased by 4 per cent at 4,477 in the two states. The apex bank has asked the banks to monitor and keep a check on the online...

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

Tuesday, August 26
Exciting festive offers by the banks

As the festive season is approaching the banks have started introducing new exclusive offers for the customers. This time the offers are not only limited to lower interest rates for retail loans, but many much offers are there. Bank will be offering online shoppers extra card points and cash back benefit etc.

The reports have stated that PNB bank and federal bank are offering lower rates on the loans where as SBI and ICICI...

Posted 11:44:44 AM Complete Story | Post Comment | Read Comments(0)

Friday, August 22
Customer can get ATM transaction details in local languages soon

With the help of LinguaNext the banks have planned to introduce the facility of getting transaction details at the ATMs in local language as well. At present we are able to receive the transaction details in English and Hindi only.

With the help of LinguaNext the banks will install the ATMs equipped with the facility to display the details in the various local languages. This will help the customers to get their details in...

Posted 11:31:02 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, August 20
Easy shopping for Debit card users: ICICI bank

Making the use of plastic money more convenient for the customers the ICICI bank has introduced the EMI offers on the debit cards. This will help to convert the high value transactions in easy installments.

The bank will be offering this facility across the 9,000 stores with the help of Samsung India. The customers can avail this facility on various retail outlets, brands, for purchase of Samsung products like mobile phones, tablets and consumer...

Posted 11:39:10 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, August 19
Forex Plus Card for Haj and Umrah pilgrimages – HDFC bank

The largest leading Bank in terms of Credit Card issuer – HDFC bank has unveiled a new credit card exclusively for the Haj and Umrah pilgrimages. To make the payment system easier and convenient for the pilgrims the bank has introduced this new card – ‘ Forex plus Card’.

The card offers the facility to make the transaction at the ATMs. This card can be accessed by both the HDFC customers as well...

Posted 11:43:03 AM Complete Story | Post Comment | Read Comments(0)

Thursday, August 14
Campaign organized by ICICI bank to control banking frauds

Banking Frauds are increasing rapidly. In order to control this, the second largest leading bank of the country – ICICI bank has launched workshop for the police personnel guiding them about the various possible electronic crimes related to banks.

The workshop highlighted the frauds related to credit cards, internet banking, lotteries, etc. The workshop was mainly to guide and help the policemen to understand the various banking crimes and take appropriate measures...

Posted 11:31:53 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, August 13
SBI and its associate bank launching cash recycler machines

The largest leading bank of the country - State bank of India along with its associate bank has decided to launch 4300 cash recyclers. This is new innovative step that will recycle the currency notes. These cash recyclers will accept and generate notes after reprocessing them.

These new cyclers will replace the old ATMs, the bank will set up these new cash recyclers all across the country by the end of March next year....

Posted 11:22:40 AM Complete Story | Post Comment | Read Comments(1)

Tuesday, August 12
ICICI bank gained huge amount through Mobile banking facility

The leading private sector bank - ICICI bank is now also the leading bank in the list of share in mobile banking payments in the country. The bank has managed to gain over Rs 1000 crore through Mobile banking.

The GM and head of the bank reported that rapid increase in the use of mobile phones these days has lead to the increase in the use of the banking transactions made by the mobile...

Posted 11:14:51 AM Complete Story | Post Comment | Read Comments(0)

Monday, August 11
New Rupay debit card of BMB bank

Bhartiya Mahila Bank -The first women oriented bank of the country has recently launched a new debit card. In order to facilitate the customers with more advanced facilities the bank has launches this Rupay Debit card with an EMV chip facility.

The launch ceremony was held in Mumbai, the Chairman and managing director of the bank Mrs. Usha Ananthasubramanian along with the AP Hota, Managing Director and CEO, National Payments Corporation of India (NPCI),...

Posted 11:41:17 AM Complete Story | Post Comment | Read Comments(0)

Thursday, August 7
New credit card facility for students – ICICI bank

The top leading bank of the country – ICICI bank has unveiled its plan to help the students going abroad for their higher education. The bank is coming up with a new credit card – ‘ICICI bank student travel card ‘that will assist the students in making their expenses easily while studying in abroad.

This card is a very beneficial product for the students as well as the parents. The card will offer various...

Posted 11:25:52 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, August 5
New co branded credit cards of IndusInd bank

New generation private bank – IndusInd Bank has decided to unveil a new credit card in association with the Jet airways. This will be a co-branded card of IndusInd bank and Jet airways. This card will offer various offers and reward in the form of JP Miles on all spends. Two new cards will be introduced Jet Airways IndusInd Bank Odyssey Credit Card and Jet Airways IndusInd Bank Voyage Credit Card.

These cards...

Posted 10:57:26 AM Complete Story | Post Comment | Read Comments(0)

Thursday, July 31
Govt. planning to come up with another women special bank

In order to enhance the women empowerment, the govt. is planning to come up with another special bank exclusively for the women. This bank will have its branches all over the country. It is expected that this bank may see merging of the Bharatiya Mahila Bank which the first women oriented bank of the country launches last year.

It was reported that after the establishment of this bank BMB will be merged in to this...

Posted 11:49:40 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, July 30
Axis Bank launched MyIdeaOfProgress.com

The well known and a renowned bank of the country - Axis bank has recently a microsite MyIdeaOfProgress. To promote its banking services and lure major number of customers the bank has come up with this online initiative.

Through this website the bank has asked the people and the users to share their ideas. Recently bank has also made the leading actress of the bollywood deepika Padukone as its brand ambassador. The new campaign...

Posted 11:31:59 AM Complete Story | Post Comment | Read Comments(0)

Monday, July 28
Technology based products rolled out by Canara Bank

State owned bank – Canara Bank has rolled out a new easy cash payment facility M- wallet for its customers. The bank has introduced several technology based products like mobile wallet, easy Cash and P-serve for its tech savvy customers.

Using the M- wallet facility the customers can make the transactions easily at the merchant outlets without needing the cards and cash. The M-wallet facility also enables the customers to pay their utility...

Posted 11:44:50 AM Complete Story | Post Comment | Read Comments(0)

Friday, July 25
New Mobility program of ING vysya Bank

To make banking more convenient and comprehensive for the customers the ING vysya bank is coming with a new mobility program. The Bank has decided to work with Mindtree that will be assisting the bank in their next generation mobility program.

The bank will offering more efficient and conceptualize ways of banking to the customers through this program. As a part of the deal the Mindstree will be assisting the bank in providing multi-platform...

Posted 11:41:42 AM Complete Story | Post Comment | Read Comments(0)

Thursday, July 24
New credit cum debit card unveiled by HPSCB bank

Last day Himachal Pradesh state cooperative bank launched a new Rupay card for the farming community. It has been reported this is the first cooperative bank in the country which is working for the farmers on the larger scale.

The bank has introduced this card to facilitate the farmers with ease of credit and debit facilities. This is a credit cum debit card. This measure of the bank will provide the farmers with an efficient...

Posted 11:42:32 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, July 23
Aadhar will soon be a universal document for opening bank account

On 17th July,2014 the Reserve Bank issued a notification stating the officially valid documents for opening bank account. RBI has revised the Know your customer guidelines with the government's prevention of money laundering norms.

The list of valid documents includes Aadhar Card, PAN card, voter ID card, driving licence, passport, or the NREGA card. This list is similar to the previous only the change is any other document as may be required by the banking...

Posted 11:29:07 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, July 16
Banks heedless in sharing information with the customers

The Banking codes and services reported that the bank not sharing the information with the customers is a major drawback. This is a serious cause that reduces the efficiency of customer services. The banks are supposed to share the terms and conditions of products rate of interest and disclosures with the customers, but the banks do not pay much attention towards this.

It was found that the customers are very bad at the knowledge about...

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

Tuesday, July 15
ICICI acquired second position as credit card issuer in India

It has been reported that the country’s second largest leading bank – ICICI bank has added 0.3 million credit card customer in the FY14. The bank has surpassed its rival banks in growing credit card base. The ICICI bank has added millions of the user more than the other financial institution.

A sharp fall of 1.39 million users is seen in the HDFC bank’s users- the leading bank in the list of Credit card...

Posted 11:13:41 AM Complete Story | Post Comment | Read Comments(0)

Monday, July 14
Enormous number of complaints against the bank in 1 year

It has been reported that complaints against the banks are on peak. According to a RTI query, the Apex bank has received enormous number of complaints against the banks. The data showed that by the end of March 2014, there were 76,061 complaints against the banks.

Within a period of 1 yr the RBI has received a huge number of complaints. Chief information officer of the RBI stated that there is a big list of...

Posted 11:31:05 AM Complete Story | Post Comment | Read Comments(0)

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