banking News, Indian banking Latest News update, Indian Banks, Lending Rates, Banks Interest Rates
Banking
Your bank may charge you for closing a bank account. Know why

Bank also charges you when you close your account within a particular time period.

 
 
Interest rates are on a downhill for quite some time now.
A London based fintech company, RedGirraffe, is offering a facility to pay rent through credit card using its online platform "RentPay".
The Bharat Interface for Money (BHIM) has seen a great many downloads since its launch in December 2016.
If you don't have a credit history, banks are generally reluctant to offer you a credit card even if you are salaried.
Airtel Payments Bank- a joint venture between Bharti Airtel and Kotak Mahindra Bank  offers you an interest rate of 7.25 per cent on their savings account.
 
 
A balance transfer is nothing but changing your current credit card company to another or closing it off with a personal loan at a much lower interest rate.
If you are a conservative investor who relies on bank fixed deposits for regular income, it is better to lock-in money in FDs now, as the rates will fall further.
To curb unethical practices the government recently made PAN card compulsory for gold purchase over Rs 2 lakh.
Advertisement