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Tag: RBI guidelines

RBI’s Major Updates On Zero Balance Savings Accounts

RBI’s Major Updates On Zero Balance Savings Accounts

Recently, the Reserve Bank of India (RBI) had opened a draft circular that contained some proposals for drastic changes with regard to the zero balance savings accounts – a scenario that will affect millions of account holders in the country. The update aims at streamlining operations at the bank, enhancing transparency, and ensuring customers are […]

RBI Offers Free Digital Banking to No-Frills Account Holders

RBI Offers Free Digital Banking to No-Frills Account Holders

Free Digital Banking: The Reserve Bank increased the range of services available to Basic Savings Bank Deposit (BSBD) accounts on Wednesday, allowing those with simple accounts to access the digital banking facility for free. The purpose of BSBD accounts is to give account users free access to basic banking services. Cash deposits at bank branches […]

Fact Check: Is the Government Stopping Rs 500 Notes in ATMs?

Fact Check: Is the Government Stopping Rs 500 Notes in ATMs?

Rs 500 Notes: A rumor recently went viral on social media claiming that the Reserve Bank of India (RBI) will stop dispensing Rs 500 notes from ATMs starting September 30, 2025. According to this message, only Rs 200 and Rs 100 notes will be available at ATMs in the future. This sparked panic among the […]

Hidden Impact of an Inactive Credit Card on Your Credit Score

Hidden Impact of an Inactive Credit Card on Your Credit Score

Inactive Credit Card: Credit cards offer a lot of benefits, but many people forget about their unused cards. You can keep a credit card inactive for up to one year, but to maintain a good credit score, it’s important to use it at least once within that period. Inactive Credit Card: What Happens If You […]

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