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In value terms, 6.78 billion (678 crore) transactions in last month corresponds to transactions worth Rs 11.16 lakh crore

UPI transactions go up by 3% to 678 crore in September; worth Rs 11.16 lakh crore

Oct 01, 2022

Aadhaar number-based AePS transactions stood at 102.66 million in September, as against 105.65 million a month earlier. In July, there were as many as 110.48 million AePS transactions.

UPI Lite was launched on September 20 by RBI Governor Shaktikanta Das. Users can transfer money using UPI Lite without using a UPI PIN and internet. Image: Pragati Srivastava

RBI introduces UPI Lite for faster real-time, low-value transactions. Check more details here

Sep 23, 2022

UPI Lite has been launched as an on-device wallet feature that will allow users to make real-time small-value payments of up to Rs 200 without using a UPI PIN. At present, users need to enter the PIN on UPI apps, such as Google Pay, Phonepe, and Paytm.

The Union Bank of India has said that it will offer an additional rate component, which is over and above the normal interest rate, to all senior citizens

Union Bank of India revises interest rate on fixed deposits below Rs 2 crore, check more details here

Sep 16, 2022

Union Bank FD Interest rate: The interest rates were revised after the Reserve Bank of India (RBI) hiked the repo rates to 5.4 per cent in August. Following that, most lenders in the country have changed their fixed-term deposit rates.

As per a UBI notification, the new rates have already become effective from September 11. The MCLR is the base rate adopted by banks that acts as a key point in deciding various loan rates.

Union Bank of India hikes interest rates by 0.05% to 0.35% across tenors; home, car EMIs set to rise

Sep 13, 2022

Union Bank interest rates hike: Almost all the banks have revised their lending rates after the Reserve Bank of India raised its key repo rate last month by 50 bps to 5.40 per cent to tame the rising CPI inflation.

With Aadhaar cards, users can also transfer money, seek government aid, or get a PAN card in addition to checking bank account balances.

Aadhaar card update: You can check your bank balance using Aadhaar card; here's how

Sep 07, 2022

Aadhaar card update: One should first link their 12-digit number provided by UIDAI with their bank account to check the balance from their phones. The service is most useful for senior citizens and adults who don’t own a smartphone and have no access to the internet.

The Canara Bank has raised its lending rate after the Reserve Bank of India raised its key repo rate last month. Earlier this month, ICICI Bank, Karnataka Bank and Bandhan Bank increased their lending rates. -9:16

Canara Bank hikes MCLR by 0.15%; EMIs to go up for new, existing customers

Sep 06, 2022

Canara Bank, in a regulatory filing, noted that the new marginal cost of funds-based lending rate (MCLR) across various tenors will be effective from September 7. The benchmark lending rate is used to fix most consumer loans.

There is no maturity period of funds lying in a savings account.

These savings accounts fetch up to 7% returns; here's how to track interest payments

Sep 02, 2022

The interest rate applicable on a savings account may vary depending on type of account, average balance maintained in the account and the condition laid down by bank.

FD interest rate hike: Here is a list of banks offering the highest rates

PNB vs Canara vs Bandhan vs RBL: Which banks offer highest FD rates?

Sep 02, 2022

As interest rate peaks one can also consider investing in debt funds for the short to medium term. Debt Funds invest in fixed income instruments like government and corporate bonds, and debentures among other things.

SBI Card launches ‘CASHBACK SBI Card’ with 5% cashback for customers

SBI Card launches ‘CASHBACK SBI Card’ with 5% cashback for customers

Sep 01, 2022

Consumers across India, including tier 2 and 3 cities, can easily get CASHBACK SBI Card instantly through digital application platform ‘SBI Card SPRINT’.

In last one year, ICICI Bank has revised its MCLR a couple of times. In August, it was 7.90 per cent; in July, it was 7.75 per cent; while in June, it was 7.55 per cent.

ICICI Bank hikes MCLR Rates by 10 bps; home, car loan EMIs to go up

Sep 01, 2022

ICICI Banks has increased its MCLR for the fourth time in four months. Earlier, the rates were revised in June, July and August.

This facility can be availed 24x7 and there is no waiting time for the home loan approval letter, as per the official release.

HDFC rolls out ‘Spot Offer’ for home loans on WhatsApp; here’s how to apply 

May 17, 2022

The housing finance bellwether has developed this solution on WhatsApp Business Platform in association with Congo AI.

According to an expert, one should not be in a hurry to get rid of the oldest credit card just yet

Will closing old credit cards affect my credit score?

May 03, 2022

The credit score is a three digit number between 300 and 900 points, and a good credit score is 750 and above. It is a number which tells about the status of your financial health. 

A credit score of 750 and above is considered as excellent

Here’s how to check your credit score if you’ve been a victim of identity fraud

Feb 22, 2022

Credit score not only provides a lowdown on the current loans and payments but also of those that were made in the past.

How to rectify credit score after identity theft?

Victim of identity theft? Here is how to rectify your credit score

Feb 22, 2022

In identity theft cases, a person is not even aware that a loan has been taken in his name. The person generally becomes aware only when the lender starts chasing for repayment or while checking the credit report.