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Money wise guy and his musings
Credit cards have always fascinated Vaibhav, who since his early days in the college have aspired to become a part of this mainstream media. Finding blogging as the perfect platform, Vaibhav puts his views on various personal finance topics especially, the wise use of the plastic. A Delhi University graduate, Vaibhav blogs regularly at rupeetimes.com.
By Vaibhav Aggarwal

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Thursday, November 27
SBI visited school to introduce pehli Udaan in Ashok nagar

A week ago State Bank of India introduced ‘Pehli Udaan’ a savings account for the minors at the campus of Akshara School at Ashok Nagar. The minors of the age 10 years and above can handle their account on their own.

Apart from savings account facility, the Pehli Udaan will offer the children with facility of branded passbook and cheque book, along with it personalized photo ATM cum debit card will also be issued...

Posted 11:45:50 AM Complete Story | Post Comment | Read Comments(0)

Thursday, November 27
A sum of Rs 6000 crore gathered with the banks under PMJDY

It has been reported that under the PMJDY the bank have collected a sum of Rs 6000 crore and above. The banks have successfully opened 7.9 crore bank accounts.

Department of the finance ministry has informed that the PMJDY scheme is designed to introduce the banking world to all the people. It is specifically for the women and underprivileged sections of the society. Through these savings accounts the people have deposited Rs 6000 crore...

Posted 11:43:44 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, November 26
Rising Fake currencies circulation a big worry

It has been reported that the use distribution of the fake currency is high on peak all across the big cities. The increasing circulation of the counterfeit currencies has become a great issue of worry both for the citizens and the govt. as well.

In past 4 years 173 cases of fake currencies were reported. It has also been reported that the maximum number of crimes related to the counterfeit currencies are being noticed...

Posted 11:31:38 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, November 26
SBI to launch Shariah based banking in the country

State Bank of India announced that bank will launch a Shariah-compliant mutual fund. In the coming month the bank will come up an Islamic financial instrument. For the time bank is introducing such an initiative for the 170 million Muslim population of the country.

The bank has reported that bank has got the RBI’s nod to launch the Shariah complaint. The Islamic banks are a bit different, they offer products such as Sukuk...

Posted 11:29:01 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, November 25
SBT bank launched a new Shradha Kendra styled branch

An associate bank of State bank of India – State Bank of Travancore has opened a Shradha Kendra. The managing director of the bank stated that this is a new branch styled the ‘SBT Shradha Kendra’. The shardha Kendra will carry out banking transactions.

This styled will help the customers to open new savings accounts under the PMJDY scheme, in addition to this it will also facilitate the facility of all kinds of remittance...

Posted 11:27:26 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, November 25
Andhra Bank did charity work as part of the founders day.

Medium Sized public sector bank – Andhra bank donated a computer lab to the girl’s school in Uttar Pradesh. On the occasion of the founders day the bank did this charity work and helped a school with the computer lab.

Last day the Zonal Manager of the bank Mr. P Masilamani handed over the chque for the lab to the headmistress Jessy Abraham and PTA president Shibu P Chacko at a function. Apart from...

Posted 11:20:30 AM Complete Story | Post Comment | Read Comments(0)

Monday, November 24
Corporation bank organized a camp supporting PMJDY

Last week Public sector bank – corporation bank organised PMJDY camp. The bank is devotedly working for the PMJDY. As a part of this scheme the bank organized Jan Dhan camp in Mangalore on Saturday.

It has been reported that Snehlata Shrivastava, Additional Secretary, Department of Financial Services, Union Ministry of Finance was the chief guest of the camp. The camp was attended by the Managing director of the bank Mr. S.R...

Posted 11:40:29 AM Complete Story | Post Comment | Read Comments(0)

Monday, November 24
SBI to revise and introduce some charges

The highly networked bank of India- State bank of India has plans to revise few of its charges and introduce some new. In September the bank has presented its plan for the revision of its charges to the Executive Committee to the Central Board at its meeting held on September 19.

The bank stated that from long time these charges were supposed to be revised. New service charges include processing charges for pension...

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

Friday, November 21
Banks must inform customers one month prior about falling minimum balance: RBI

The apex bank of the country has recently instructed the banks that they must inform the customers one month prior about the fall in minimum balance. RBI has asked the banks that the charges will be charged only to the extent of shortfall in such balances.

RBI clearly stated that banks if the customer fails to maintain the average minimum balance or monthly balance as per specified by the bank, then bank must inform...

Posted 11:36:35 AM Complete Story | Post Comment | Read Comments(0)

Friday, November 21
100th Branch of standard chartered bank in UP

Foreign lending institution of the country – Standard chartered bank has launched its 100th Branch in the country. The bank has opened the 100th branch in UP- Bareilly. This is the first foreign bank to set up 100 branches in the country.

The branch will offer the gamut of products including savings products, current and term deposit products and no-frills accounts. The bank's other branches in the country's most populous state are at Kanpur,...

Posted 11:30:16 AM Complete Story | Post Comment | Read Comments(0)

Thursday, November 20
New branch of SBP bank in Mumbai

An associate bank of the state bank of India – State bank of Patiala launched new branch in Mumbai. The branch is launched in Mumbai near Bandra Kurla Complex. The managing director of the bank – SA Ramesh Rangan inaugurated the branch. To fulfill the requirements of corporate clients the banks has introduced this new commercial branch.

...
Posted 11:26:58 AM Complete Story | Post Comment | Read Comments(0)

Thursday, November 20
New cash withdrawal and deposit facility rolled out by Axis bank

Recently Axis bank rolled out a new facility for its customers making banking easier. The Axis bank has launched smart self-service terminal through which customers can deposit and withdraw the cash from the same machine.

This is new innovative measure introduced by the bank without any restriction on the amount of cash deposited by the customers provided the customer’s PAN details must be available with the bank. It has been reported by the bank...

Posted 11:23:31 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, November 18
Corporation Bank bagged two Awards

Recently Corporation bank has won Indira Gandhi Official Language Awards. Union Ministry of Home Affairs at New Delhi awarded the bank with the award. The bank has got the first prize under Town Official Language Implementation Committee (TOLIC) category and second prize under Nationalized Banks category.

It has been reported that bank has achieved great accomplishments in the implementation of the official language. Besides using Hindi language in the offices bank has promoted the...

Posted 11:26:18 AM Complete Story | Post Comment | Read Comments(0)

Monday, November 17
Two new savings account for minors: Andhra bank

With the desire to develop the savings habit among the minors the banks are opening various kinds of savings account for them. Following the same Andhra bank has recently rolled out two such savings accounts for children.

One scheme is AB Little Stars which for the children in the age group of 10 to 14 years, and the other one is AB Teens this scheme is for the children of age 15 to...

Posted 11:45:59 AM Complete Story | Post Comment | Read Comments(0)

Monday, November 17
Special campaign rolled out by Karnataka Bank

Mangalore based private sector bank – Karnataka bank on Saturday launched a special campaign for its customers. The Bank plans to open more than five lakh current and savings accounts in the next three-and-half months.

To open large number of savings account in under PMJDY the bank has decided to do door-to-door canvassing from November 15 to February 28. Karnataka bank has a huge network spread all across the country with 625 branches....

Posted 11:43:53 AM Complete Story | Post Comment | Read Comments(0)

Friday, November 14
Indian Post wants to work as a complete universal Bank

It has been reported that Indian post wants to turn itself into a full fledge Universal bank. Chief post master stated that they are waiting for the nod of the RBI. Further he stated that there is a committee under Subramanian which has been formed; they are going to give some recommendations.

From past so many years Indian post is receiving deposits, mobilising savings in short working as the payment bank and now Indian...

Posted 11:23:18 AM Complete Story | Post Comment | Read Comments(0)

Thursday, November 13
CBI bank helped city police by donating barricades in Coimbatore

It has been noticed that banks actively participate for corporate social responsibility (CSR) activities for the economic development of different. Going for the same Central Bank of India has recently donated traffic barricades to the city traffic police in Coimbatore.

The deputy commissioner of the police stated that for the first time some bank has helped them in such a way. He appraised the bank for its help and efforts to them. Mr. Devendra...

Posted 11:40:22 AM Complete Story | Post Comment | Read Comments(0)

Thursday, November 13
Banks have opened 6.51 crore new accounts under PMJDY till now

Recent data records have shown that banks are vigorously working for the PMJDY. The data have shown that banks especially rural and public sector banks have opened nearly 6.51 crore basic savings bank deposit accounts. The banks are working mainly trying to help the underprivileged sections and opened savings accounts for individuals from low-income segments.

Seeing the pace it is expected that banks might cross the target of opening 7.5 crore bank accounts for un...

Posted 11:35:27 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, November 12
ICICI bank CEO actively participated in Clean India Mission

Banks have always actively participated in the activities related to the development of the country. Contributing to the same the CEO and MD of the ICICI bank Mrs. Chanda Kochhar took part in the clean India Campaign. Prime Minister Narendra Modi appraised Mrs kochhar for her participation.

Mr. Modi stated that he really applauds the dedication shown by her towards the Swachch Bharat Mission. Actively participating in the Mission the MD along with some...

Posted 11:36:45 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, November 12
Mr. Atal Aggarwal New Executive Vice president and head of DCB bank

Mr. Atal Agarwal has been appointed as the new Executive Vice-President and Head – Corporate Banking, Financial Institutions and Investment Banking of Development credit bank(DCB bank). It has been reported that Mr. Aggarwal has been appointed as the new Executive vice president and he will be joining the work by 1st December 2o14. Before this Mr. Aggarwal has worked as Managing Director and Group Head – Corporate & Financial Institutions with the Royal Bank...

Posted 11:34:06 AM Complete Story | Post Comment | Read Comments(0)

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