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Increase In Saving Bank Interest Rate And Base Rate By Kotak Mahindra Bank

Oct 30th, 2011: Kotak Mahindra Bank have announced to revise its savings bank interest rate from 4% to 6% and base rate from 9.75% p.a to 10% p.a with effect from Nov... Read more »

RBI : History Of Repo Rate Since March 2010

Thirteenth time since march 2010, Reserve Bank of India have raised the Repo Rate. Repo Rate is the rate at which central bank (RBI) lends money to banks. Lets have a look... Read more »

RBI: Now NRIs/PIOs Can Maintain FCNR (B) Account In Any Freely Convertible Currency

As per the notification issued by Reserve Bank Of India (RBI), Indians with non resident accounts are now allowed to hold their accounts in the country in any currency which is fully... Read more »

Approval From RBI Will Introduce White Label ATMs In India

In order to boost the banking facilities in the country, Finance Ministry have proposed the Reserve Bank Of India (RBI) for the introducing of white-label ATMs. What Are White Label ATMs? White... Read more »

Latest PayPal Update – RBI Raised Receiving Limit From $500 To $3000 Per Transaction For Indian PayPal Users

As per the latest news, Reserve Bank Of India (RBI) have raised the limit for Indian PayPal users from $500 to $3000 per transaction. Few days back, PayPal have notified its Indian... Read more »

RBI Hikes Small Money Transfer Limits In India

The Reserve Bank of India (RBI) have announced domestic money transfer relaxation for small money transfers. The new guidelines issued by the RBI have made changes in the cash pay out, cash... Read more »

Are You Paying Your Credit Card Debt Month On Month With Heavy Interest Rate? – Go For Balance Transfer Card

Usage of ‘Plastic Money’ i.e. payments using Credit/Debit cards have been increased a lot. Banks and financial institutions are also coming up with different types of Credit cards with attractive offers to... Read more »

Money Transfer To US Via Wire Transfer? Get Routing Number Of The Recipient

Routing Number is a 9 digit numeric bank code assigned by the American Bankers Association to all the financial institutions in United States for their unique identification. It is the very first... Read more »

Secure Money Transfer To Any Bank Account Via Mobile Phone

A new mobile service has been introduced in India to take the retail money payment sector to its next level. With the introduction of IMPS (Inter-bank mobile payment service), now consumers can... Read more »

Difference Between Swift Code And IBAN Code

Banks and financial institutions uses different identification numbers to process there transactions fast and accurately. Account number is one example of this kind of identification number which helps bank as well as... Read more »

Use MICR Code To Get Early Income Tax (IT) Refund

Today people are more vigilant towards filing there income tax return on time as they understand its importance and benefits. Other than that the other important reason for filing income tax return... Read more »

What Are The Different Modes Of Crossing Of Cheques?

We already know ‘What is a cheque? What are the different types of cheque?’. Here we are broadly classifying the types of cheques as open cheques or uncrossed cheques and crossed cheques.... Read more »

What Is Quantitative Easing?

Quantitative Easing (QE2) is a monetary policy tool used by the central banks to increase the supply of money in an economy when the bank interest rate, discount rate and/or interbank interest... Read more »

What Is ISIN Code?

The International Security Identification Number (ISIN), is a 12 Digit alpha-numeric code that uniquely identifies a security across the world. It is designed by the United Nations ISO (International Organization for standardization)... Read more »

Difference Between Money Order & Cashier’s Cheque

Cashier check and money order are physical instruments used to transfer funds from one party to another by personally handing them, sending via postal/courier service and clearing them through bank accounts for... Read more »