Private Sector Banks to impose Cash Transaction Fees
Recently, from 01 March 2017, Wednesday onward, all major private sector banks like ICICI Bank, HDFC Bank and Axis Bank have started charging a fee of Rs.150 (minimum) for …
All India Bank Union to go on Strike on 28 February 2017
The United Forum of Bank Unions (UFBU) has confirmed that they have asked their members to go on strike owing to the concerns raised went unaddressed by the government. …
Bank of England to reconsider use of ‘Animal Fat’ in UK Pound Sterling
Recently the group of Hindus in UK had being fighting against the use of animal fat in the new £5 denomination notes under the petition named as “Remove Tallow …
Rs.500 Crores allocated to India Post Payments Bank
Indian Government has escalated its pace on setting up over 650 branches of IPPB all around the nation within next 5-6 months, typically by September 2017. India Post will …
RBI Monetary Policy Announced! No Change in Repo Rate, Again!
Today, 08 Feburary 2017, RBI governor Mr. Urjit Patel released 6th Bimonthly Monetary Policy of the Reserve Bank of India. The economists were expecting a 25 basis point rate …
State Bank Of India Looking for Probationary Officers 2017
State Bank of India (SBI) invited applications for eligible Indian Citizens for 2313 posts of Probationary Officers (PO). Candidates selected are liable to be posted anywhere in India. Vacancies …
Online Scam worth Rs.3700 Crore by Socialtrade.biz
The Special Task Force of Uttar Pradesh has red handed caught the online fraud company “socialtrade.biz” which was operated by its director Anubhav Mittal and his two companions – …
Summary of Union Budget 2017-18
On 01 February 2017, the Finance Minister of India, Mr. Arun Jaitley presented the Union budget for the fiscal year 2017/18. This was a historic budget as it was …
RBI slashes MDR charges, offers lucky draw
In order to boost the digital payments among merchants and commoners, RBI has come up with two unique solutions. At first they cut MDR charges to encourage merchants to …
6 Best Ways to do Cashless Transactions – Safely
After demonetization in India, there has been a huge cash crunch noticed due to less availability of Rs.2000 and Rs.500 notes in the market. To cope up with this …