University bound? Here’s how to pick a bank account and manage your cash

As thousands of students prepare for university, a host of freedoms lie in front of them. Living away from home, coming back in the early hours and lazy afternoons in front of the TV all await – as does managing money to pay for everyday life. But this last freedom can be fraught with problems: […]

Explained: All you need to know about zero-balance savings accounts

In such a situation, having a zero balance savings account is the ideal option as there is no stipulated minimum balance requirement. You have the right to withdraw the entire funds any time and can maintain zero balance in this basic savings account. The bank won’t charge you for maintaining zero balance in the account. […]

Sick ‘free Netflix’ scam will hijack your bank account – DON’T fall for this online hoax

We’re aware of a Netflix email scam, offering the chance to win a year’s premium subscription. The link takes you to a genuine looking Netflix page designed to harvest info. Netflix will not email to ask for personal/bank info #ScamAware

What is an H-1B Visa? Here’s everything you need to know

The H-1B visa is a work permit that allows a foreign worker to go to the United States and work for an American company. The foreign worker must specifically work in a field which requires specialised knowledge for which the employer cannot find a US-based worker. When applying for an H-1B visa, the applicant is […]

Government launches 7.15% floating rate bonds: Here’s all you need to know

The government has announced the launch of Floating Rate Savings Bonds, 2020 (Taxable) with an interest rate of 7.15 per cent. The bonds will be available for subscription July 1, 2020 onwards. As per the Reserve Bank of India (RBI) press release, the interest rate on these bonds will be reset every six months, the […]

A 911 call, a racial slur, a refusal to cash a check. This is what it’s like for some Black bank customers

No data exists on how prevalent the issue is but such cases have made headlines in recent years. Florida civil rights attorney Yechezkel Rodal said he gets calls from Black people all over the nation after his client sued a bank two years ago. Some incidents end in lawsuits or private settlements with the banks […]

When banks were robbed, not swindled

Over time though, banks have become more secure and the risk-reward ratio, never loaded in favour of the perpetrators, has turned even more adverse. Following the financial crisis of 2008, a spate of gun-point robberies took place in banks across the US which then acted to make their premises much more secure by using exploding […]

First furlough payments start hitting bank accounts of businesses

Plus, while employers have started to get the cash, it doesn’t mean they’ll pass it onto employees instantly – you need to contact your boss or HR department to find out when your salary is due.

Green Shoots in banking and FinTechs: Piyush Gupta and Sopnendu Mohanty

Covid -19 has been a game-changer for each and every industry but more for the financial institutions. Those who have adopted digital technologies, things have been easy for them but it’s a nightmare for those who couldn’t them. The challenges for the organisations is to work virtually and maintain the same output with minimal infrastructure. […]

ICICI Bank launches voice banking facility for these customers, here’s what it means

ICICI Bank has launched a new facility for its retail banking customers. The private sector bank has integrated its AI chatbot ‘iPal’ with Google Assistant and Amazon Alexa to avail select banking services with a voice command. Announced in the wake of coronavirus lockdown, the novel facility will enable retail customers to connect with the […]