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, January 27
SBI with Ezetap launched Chota ATMs in Kerala

The highly networked bank of the country – State Bank of India has unveiled that bank will launch the Chota ATMs in Kerala. In association with the Ezetap- the mobile point-of-sale service provider the bank launched this initiative.

Through these ATMs the kirana store owners, taxi drivers, small business will be able to deal with customers and enable them to turn their mobile phones in to both cash withdrawal point as well as credit/debit payment terminal....

Posted 09:07:33 AM Complete Story | Post Comment | Read Comments(0)

Friday, January 23
SBI bank to pay a compensation of Rs 3lacs to a senior citizen

The Highly Networked Bank of the Country - State Bank of India has been asked to pay a compensation of Rs 3 lakh. It has been reported that the bank has to pay a compensation of Rs 3 lakh to a senior citizen who has gone through an online fraud. The man has lost his lifetime savings of Rs 3.77 lakh to fraudulent ATM.

It has been stated that banks need to have more...

Posted 11:39:38 AM Complete Story | Post Comment | Read Comments(0)

Thursday, January 22
TMB bank spreading its network across the country

Tamilnad Mercantile Bank is planning to expand its banking business. Bank is working to develop its banking network all across the country and make its presence across the country and become a truly national bank in coming next four years.

Major banking network of the bank is in Tamil Nadu only. The bank has further plans to double up its branches by 2020. By 2020bank has aim to have 800 branches spread all across the...

Posted 12:11:24 PM Complete Story | Post Comment | Read Comments(0)

Wednesday, January 21
RBL bank signed MOU with PayUMoney

RBL bank has launched a payment facility for its customers. In association with the PayUMoney the bank has launched a semi-closed co-branded virtual wallet.

The bank has signed MOU with the PayUMoney to launch this facility that will make the payment easy for the customers.

The Virtual wallet will be issued by RBL bank and will be circulated and marketed by the PayUMoney. Customers can use this facility to make...

Posted 11:49:58 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, January 20
Money transfer service through Twitter rolled out by ICICI bank

After the kotak Mahindra Bank ICICI bank has also launched banking on social network. ICICI bank has launched money transfer service on Twitter. The bank has launched the facility for its customers to make the banking more innovative and easy. This facility will enable the customers to transfer money easily through the Social networking site.

The customers can easily register themselves easily with the Onetime password and link their account number. For...

Posted 11:43:25 AM Complete Story | Post Comment | Read Comments(0)

Monday, January 19
J&K bank organized financial literacy camp at Wadwan

With the desire to educate more people and spread the financial literacy, J&K state co-op bank has organized a financial literacy camp at Wadwan. At the camp the bank highlighted the various services and facilities offered by the bank. A good quantity of people attended the camp, mostly were from the Wadwan. The people were also educated about the advantages of banking. Various schemes introduced by the bank were also reported.

The bank also...

Posted 11:36:46 AM Complete Story | Post Comment | Read Comments(0)

Thursday, January 15
New intelligent ATMs to be introduced to prevent the ATM frauds

Recently it has been reported that due to the increase the ATM frauds a Chennai based company has planned to launch a new type of intelligent ATMs. These new ATMs will deliver non fatal electronic shocks to miscreants looking to steal money.

Further enhancing the security there is also the provision to shut down the shutter of the Kiosk automatically. In addition to the ATMs are also equipped with a panic button that they...

Posted 11:14:38 AM Complete Story | Post Comment | Read Comments(0)

Monday, January 12
Financial literacy camp by NABARD and UBI bank

Yesterday NABARD in association with the Union bank of India has organized financial literacy camp. With the aim to create the awareness and educate people the bank has organised the camp at Cachar.

The awareness campaign was attended by offices from UBI, Bhangarpar Branch, Panchayat members, small and marginal farmers, labourers, teachers of schools and colleges, traders, NGOs, SHGs, Farmers’ Clubs and others. During the camp the various issues related to the banking were...

Posted 11:07:06 AM Complete Story | Post Comment | Read Comments(0)

Friday, January 9
Phishing Attacks of online banking accounts increasing rapidly

A recent study by Assocham has reported that the frauds related to debit and credit cards have increased on a large scale in past three years. In the recent year 2,277 complaints of online banking frauds have been registered. It has been also stated that there has been an increase of six folds in the cyber crimes in the last three years with Credit and debit card frauds on the apex.

The rapidly increasing...

Posted 11:48:30 AM Complete Story | Post Comment | Read Comments(0)

Thursday, January 8
Contactless credit/debit card by ICICI bank

The largest private lending institution of the country – ICICI bank has rolled out a new credit and debit card for its customers. The interesting feature of the card is that, the card is the contactless card i.e. the payments can be made without swiping.

The card will enable the customers to make the payments effortlessly. The cards will provide secure and enhanced transactions saving the time. At present the ‘Coral Contactless Credit Card’...

Posted 11:20:55 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, January 7
No banking strike today

Last it was reported that banks have planned to continue their strike, but now it is informed that banks have deferred to strike. There will be no banking strike for today. Banks have changed their plan to continue their strike.

The managements have proposed to hike the wage by 12.5%, earlier it was 11%. On the other hand the bank unions have also dropped down their demand from 23% to 19.5%. However the negotiations regarding...

Posted 11:29:30 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, January 6
Banks to lower charges on credit and debit cards

The use of the plastic money is high on use these days. To promote the use of the plastic money (Transactions through credit/debit cards) the banks are seeking to lower the charges on debit and credit cards.

The reports have shown that there has been increase in the use of cashless transactions. The number of point-of-sale (POS) terminals has increased to 10.65 lakh across the country by end-March 2014 as compared to 3.2...

Posted 11:53:57 AM Complete Story | Post Comment | Read Comments(0)

Monday, January 5
New ATM launched by Corporation bank

With the aim to extend and provide its services across all the regions of the country, the Corporation Bank has launched a new ATM. On the occasion of the New Year the bank has launched a new ATM at the Mangalore International Airport Mangaluru.

The chairman and managing Director of the bank Mr. S.R Bansal inaugurated the ATM on 1st January 5, 2015. Along with Mr. Bansal the JT Radhakrishna, Director of...

Posted 11:03:04 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, December 31
DCB bank tied up with Ikaaz to launch a new mobile payment service

Last week DCB bank announced to join hands with iKaaz, a mobile payment start-up company. Through the tie up the bank has plan to roll out a new innovative mobile payment Service in India. It is reported that with the launch of this service it is expected that country will move closer towards the cashless economy.

The partnership will also assist in simplifying payments. CEO of Ikaaz stated that they always work to...

Posted 11:24:23 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, December 30
Banks to facilitate proper security measure at ATMs before 31st

The last date to enhance the security facilities at the ATMs has been extended. It is being reported that banks will be held responsible if by 31st December they fail to provide the ATM facilities.

A list of facilities has been provided to the banks that they need to avail at the ATMs before 31st December. It is mandatory for the banks to install CCTV cameras, alarm and security guard at the ATMs. Keeping in...

Posted 11:21:29 AM Complete Story | Post Comment | Read Comments(0)

Monday, December 29
SBBJ bank to open two new branches

One of the associate banks of the State Bank of India – State of Bikaner and Jaipur is planning to expand its network. The bank will add two new branches in West Bengal making a total of 17 branches.

The two new branches are planned to establish at Salt Lake on the Northern fringes; and at Rathtala on the Southern fringes of the city. The 15th branch of the bank was recently launched on...

Posted 11:32:53 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, December 23
Axis bank extended its Edge loyalty rewards program to its customer

With the desire to extend its banking relationship with the customers the Axis bank has decided to extend its Edge loyalty rewards program to its current account & travel cards holders. All the savings accounts customers of the bank can enjoy this reward program, they can earn the loyalty reward points by maintaining a balance of Rs 25,000 and above.

This reward program was launched last year but now it has been enhanced...

Posted 11:31:28 AM Complete Story | Post Comment | Read Comments(0)

Monday, December 22
65th Foundation day of United bank of India

Lately United Bank of India celebrated its foundation day. The bank has completed its 65years of its banking service. Remembering the founding members of the bank, the bank has celebrated its 65th Foundation day of the bank.

State owned bank organized the day by organizing special banking campaign. Through the campaign the bank will sanction the housing and mortgage loans to the customers.

...
Posted 11:54:21 AM Complete Story | Post Comment | Read Comments(0)

Friday, December 19
PMJDY event organized by Viajaya Bank at Pollachi

Promoting the Pradhan Mantri Jan Dhan Yojana launched by Prime Minister this Independence Day, Vijaya Bank organized an event at Pollachi. At this PMJDY event the executive director of the bank Mr. shenoy distributed the Rupay debit cards and passbooks to customers opening account under the scheme.

It was noticed that nearly 200 beneficiaries attended the program and along with it a lot many people from the surrounding areas also attended the event. The event...

Posted 11:37:32 AM Complete Story | Post Comment | Read Comments(0)

Thursday, December 18
IDBI bank to double up the number of banking branches

Private sector bank – IDBI bank is planning to roll out credit card soon. The bank will launch its credit card in association with the Visa, followed by MasterCard. Till now the bank was more focused on the Retail portfolio rather than the credit card business. Bank also reported that IDBI Bank has the lowest share of CASA among public sector banks.

Now bank has planned to initiate with the credit card....

Posted 11:50:02 AM Complete Story | Post Comment | Read Comments(0)

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