When Karthik’s father had a medical emergency, he decided to pursue one of the many loan/credit card offers he receives on a daily basis. Initially, all looked positive as the over-enthusiastic bank representative excitedly pointed all the benefits Karthik would receive and how this was truly the best decision of his life. However, Karthik was […]
Banking
How Technology is Redefining the Financial Services Industry – As we know it today!
Technology today is rapidly changing the world around us. The wide-spread availability of internet enabled mobile phones has helped the common man to reap the benefits of technological advances in all streams around them. A consumer today can hail a cab conveniently using the smart-phone instead of waiting forever for the public transport to arrive. […]
RBI’s latest data on Financial Savings & Liabilities of Indian Households (2016-17) | How & Where do we save & invest?
The Reserve Bank of India (RBI) has released the nineteenth volume of its annual statistical publication, ‘Handbook of Statistics on the Indian Economy – 2017‘ on 15th sep, 2017. Through this publication, the Reserve Bank has been providing time series data on various economic and financial indicators for the Indian economy. You can find lot […]
Aadhaar number & Multiple Bank Accounts | Linking Status & Govt’s Subsidy
The Central government in one of its recent notifications (dated 1st June, 2017) has asked all the Financial institutions, including Banks, to verify and link Aadhaar numbers of their customers with their bank accounts. If you have multiple Bank accounts, you need to link all your Accounts to your Aadhaar number. It is now mandatory […]
How to check / verify if your Aadhaar number is active or not?
We all are aware of the fact that Aadhar number is slowly becoming the most important document to have. It is now mandatory to quote your Aadhaar number when filing your income tax returns, to link Aadhar to PAN card, while making real estate deals or even to get a death certificate. It has been […]
RBI’s new Guidelines on Customer’s Liability & Unauthorized Electronic Banking Transactions
In recent years, Indian banking system have been undergoing tremendous transformation and implementing many innovative ideas to offer best in class products / services to its customers. Most of the banks and financial institutions are now offering ICT (Information & Communication Technology) based financial products and services to improve their business efficiency and speed of […]
