bankfdrates

[bankfdrates]

IRDAI Makes Mandatory Of Linking Aadhaar With Existing Policies

IRDAI Makes Mandatory Of Linking Aadhaar With Existing Policies

Insurance Regulatory and Development Authority of India (IRDAI) has made it mandatory for individuals to link existing policies with Aadhaar and for buying new policies. Central Government vide gazette notification dated 1st June 2017 notified the Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2017 making Aaadhar and PAN/Form 60 mandatory for availing financial…

View On WordPress

[bankfdrates]

SBI Reduced FD Rates On 01-11-2017

SBI Reduced FD Rates On 01-11-2017

    Reduced FD Rates in SBI at a Glance  SBI Fixed Deposit Rate for 1 Year (Less than 1 crore) is 6.25% p.a SBI Fixed Deposit Rate for 2 Years (Less than 1 crore) is 6.00% p.a SBI Fixed Deposit Rate for3 Years (Less than 1 crore) is 6.00% p.a SBI Fixed Deposit Rate for 5 Years (Less than 1 crore) is 6.00% p.a

View On WordPress

[bankfdrates]

Top 10 Fixed Deposit Rates 2017

Top 10 Fixed Deposit Rates 2017

Top 10 Fixed Deposit Rates As On November 2017 Summary of Top 10 Fixed Deposit Rates: Best of the Lot : ESAF Small Finance Bank is offering 9.00% in the tenure of 1 Year to 3 Years along-with Fincare Small Finance Bank at 9.00% in 24 months 1 day – 36 months tenure. Other Competitive FD Rates Offered Are : Suryoday Small Finance Bank 8.75% in the tenure 24 Months to 36 Months and Utkarsh Small…

View On WordPress

[bankfdrates]

Government Makes Checking of ID Proof Mandatory for Cash Transactions Above Rs 50k Source:Businesstoday The government has made it mandatory for banks and financial institutions to check the original identification documents of individuals dealing in cash above the Rs 50,000 threshold as part of the stepped up war against black money.

[bankfdrates]

RBI Notification For 623 Assistant Posts 20th October 2017

RBI Notification For 623 Assistant Posts 20th October 2017

RBI Notification For 623 Assistant Posts 20th October 2017 RBI Job Official Notification The Reserve Bank of India has invited applications from eligible candidates for 623 posts of “Assistant” in various offices of the Bank. Selection Process will be held countrywide in following manner:- Preliminary Examination Main examination followed Language Proficiency Test (LPT). Eligibility Criteria for…

View On WordPress

[bankfdrates]

Bank of India Base Rate has been revised from 9.55% pa. to 9.45% pa. effective from 10.10.2017

Bank of India Base Rate has been revised from 9.55% pa. to 9.45% pa. effective from 10.10.2017

MCLR of Bank Of India wef 10.10.2017 Sl.No Name of the MCLR Rate effective from 10.10.2017 1. Overnight MCLR 7.70 % 2. 1 Month MCLR 8.00% 3. 3 Months MCLR 8.10% 4. 6 Months MCLR 8.25% 5. 1 Year MCLR 8.30%  

View On WordPress

[bankfdrates]

How To Link Aadhaar Digitally With Andhra Bank

How To Link Aadhaar Digitally With Andhra Bank

The following channels are available to submit AADHAAR seeding request : Internet Banking : (Only for Retail Internet Banking Customer) : Customer has to login to Internet Banking using his/her User ID and Password. Click on the link in the home page “Registration of Aadhaar Number in Internet Banking “. Enter and confirm the 12 digit Aadhaar number in the respective fields. Select the Savings…

View On WordPress

[bankfdrates]

How to Avoid Premature Fixed Deposit Encashment Penalties in Axis Bank For Rupee Term Deposits of a contracted amount less than Rs. 5 crores opened/renewed on or after May 1, 2014 (including Flexi deposits), interest rate shall be 1.00% below the card rate, prevailing as on the date of deposit, as applicable for the period the deposit has remained with the bank or 1.00% below the contracted rate, whichever is lower.

[bankfdrates]

Revised criteria for Monthly Average Balance (MAB) in Savings Bank Accounts and charges for non maintenance of MAB w.e.f 01.10.2017

Revised criteria for Monthly Average Balance (MAB) in Savings Bank Accounts and charges for non maintenance of MAB w.e.f 01.10.2017

View On WordPress

[bankfdrates]

How to Open Account Paytm Saving Account

How to Open Account Paytm Saving Account

PayTM Bank is a new entrant into banking space. It forays as payment bank. The account opening process is very simple and the most exciting feature is that your mobile number will be your savings account number. With the account a virtual debit card id provided. All other banking processes like RTGS/NEFT is relatively simple as with all other banking Apps available on Android/IOS . PayTM Savings…

View On WordPress

[bankfdrates]

Sovereign Gold Bond Tranche 3rd is Open for subscription from Oct 9 to Dec 27 2017 for an Issue Price of Rs.2956 per gram

Sovereign Gold Bond Tranche 3rd is Open for subscription from Oct 9 to Dec 27 2017 for an Issue Price of Rs.2956 per gram

Sovereign Gold Bond Tranche 3rd is Open for subscription from Oct 9 to Dec 27 2017 for an Issue Price of Rs.2956 per gram. If you apply online you can avail a discount of Rs 50 per gram(ie Rs.2906 per gram). Salient Features of SGB are: • Minimum Permissible investment is 1 unit. (ie 1 gram) • Maximum Permissible investment is 4 Kg for individual,4 Kg for HUF and 20 Kg for trusts and similar…

View On WordPress

[bankfdrates]

Andhra Bank Revised Interest Rates on FCNR [B] Deposits with effect from October 01 2017

Andhra Bank Revised Interest Rates on FCNR [B] Deposits with effect from October 01 2017

View On WordPress

[bankfdrates]

Allahabad Bank Foreign Currency Non-Resident FCNR (B) Account and Resident Foreign Currency( RFC) accounts with effect from 01.10.2017

Allahabad Bank Foreign Currency Non-Resident FCNR (B) Account and Resident Foreign Currency( RFC) accounts with effect from 01.10.2017

Allahabad Bank Foreign Currency Non-Resident FCNR (B) Account and Resident Foreign Currency( RFC) accounts with effect from 01.10.2017 Foreign Currency Non-Resident FCNR (B) Account and Resident Foreign Currency( RFC) accounts with effect from 01.10.2017 Period Revised Rate % p.a. (w.e.f. 01.10.2017)   USD GBP EUR CAD AUD 1 year to < 2 years 2.79 1.85 1.02 3.10 3.13 2 years to < 3 years 2.96 2.07…

View On WordPress

[bankfdrates]

Allahabad Bank MCLR 01 Sep 2017

[bankfdrates]

SBI reduces interest on fixed deposits

SBI reduces interest on fixed deposits

According to the new structure, for up to 1-year deposits, SBI will offer a rate of 6.50 percent as compared to 6.75 percent earlier. Country’s largest lender State Bank of India has cut its term deposit rates by 0.25 percent effective from October 1. The rates have been revised for up to 1-year term deposits and for amount below Rs one crore. According to the new structure, for up to 1-year…

View On WordPress

[bankfdrates]

SBI Base Rate Revised

[bankfdrates]

Indian overseas bank revised savings account rates Indian overseas bank has revised its savings account rate. For deposits up to 25 lakhs the rate is 3.5% and for above 25 lakhs the rate is maintained at 4%. Indian overseas bank is a public sector bank and has 3500+ branches across India.