Interest rates offered by top ten public sector banks and private banks on three-year recurring deposits range from 6.25-7.25 percent per annum
The number of personal and credit card loans have gone up in recent years, and many are struggling with a mountain of debt, and being harassed by loan recovery agents. Which is where debt counsellors come in, provided one is disciplined.
Gold rush: HDFC Bank, Indian Bank offer the cheapest gold loans at interest rates of 8.5-8.65 percent per annum. A gold loan is given when customers pledge their gold with the bank.
Axis' email to its credit card customers seeks invoices to verify that their trips were indeed intended for leisure. Usage for commercial or business purposes is not permitted, as it constitutes unfair accumulation of reward points.
The RBI reported a total of 1,039 complaints against the credit information companies.
RBL Bank had highest complaints per branch amongst private banks at 6.52. Among public sector banks, RBI received 1.61 complaints per branch against the SBI, which is highest amongst public sector banks.
The card is overpriced compared to the Standard Chartered-EaseMyTrip credit card. Consider this only if it's in tune with your travel and annual card spend patterns.
The number of young women borrowers under the age of 35 years has continued to increase over the last three calendar years (from CY 2021 to CY 2023). Further, new-to-credit women borrowers are also contributing to the growth and showing responsible borrowing behaviour.
Unlike other credit products that have stringent eligibility criteria, gold loan has a simpler application and disbursal process.
Bank of India, ICICI Bank, and Axis Bank among others are some of the leading banks offering the best interest rates on NRO deposits with two-year tenure.
Credit card users will now have the freedom to choose between card networks. Until now, your bank decided the networks the card you were issued was based on. The RBI's latest directive gives more choice to card customers