Category: Banking

Banks are the backbone of any economy. They provide loans to individuals, businesses, and governments to help fuel economic growth. But what happens when borrowers stop repaying those loans? That’s when a loan can turn into  Non-Performing Assets (NPA). In this article, we’ll break down what non-performing assets in a bank actually mean, how they […]

In today’s digital era, ATM cards offer a convenient way to access your funds, but they also come with certain risks. There are instances where blocking your ATM card immediately is crucial to prevent fraud and financial loss. Before learning about the SBI ATM card blocking process, let’s explore some key reasons why you might […]

From the vibrant markets of Chandni Chowk to the buzzing tech parks of Bengaluru, India is more connected to the world than ever before. As global trade expands and aspirations grow, the need for smooth and secure international financial transactions has become essential. Whether you’re sending money to loved ones abroad, managing an international business, […]

Have you ever transferred money by mistake—maybe to the wrong UPI ID or an incorrect phone number? Or perhaps your payment is stuck in “pending” status, leaving you worried and unsure of what to do next? You’re not alone! These mistakes happen more often than you’d think. A simple typo or an accidental click can […]

Have you recently moved back to India after living abroad? Or do you earn in foreign currency but want to keep your funds without converting them to Indian rupees? If so, a Resident Foreign Currency (RFC) account might be exactly what you need. What is RFC Account The RFC account is a type of bank […]

Post Modified on : 25 February 2025 Relief for Depositors: RBI Allows Withdrawals from New India Co-operative Bank If you have money stuck in the troubled New India Co-operative Bank, there’s some good news. The Reserve Bank of India (RBI) has stepped in, allowing depositors to withdraw up to ₹25,000 from their accounts starting Thursday, […]

In the banking industry, Line of Credit (LOC) is a widely acknowledged term. Basically, an LOC is a financial agreement between a lender and a borrower that presets the borrowing limit. The borrower can use the funds whenever needed, repay them over time and borrow again if required. Both personal and business customers of lending […]

Whether you’re shopping online, booking tickets, or paying bills, a RuPay credit card ensures seamless transactions while giving you the flexibility of credit. What is RuPay Credit Card? Imagine having a card that gives you the freedom to buy what you need today and pay for it later—that’s exactly what a RuPay Credit Card offers! […]

When it comes to managing your finances, especially with vehicle ownership, understanding foreclosure car loans is key. Simply put, a foreclosure car loan is when you pay off your car loan early, before the loan term ends. This can be done either by making a one-time lump sum payment or by speeding up your payments […]

BOI’s full form is Bank of India. It is a public sector bank. Like any other nationalized bank in India, it allows its customers to start a fixed deposit (FD). Both domestic and NRI customers can start an FD with BOI.  To find out BOI fixed deposit rates for domestic/NRO accounts, read this article. About […]