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Bank Updates News India

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Bank product launches, quarterly results, mergers, service outages and rate revisions.

📰 Latest Bank Updates News

Bank Updates

Sell or Pledge Gold for Home? 5 Facts to Decide

Thinking of using your gold to buy a second home? Before you sell, know the difference between pledging and liquidating gold — the tax hit, interest cost, and risk to your financial goals may surprise you.

Wealth-Economic Times
Bank Updates

Aadhaar Biometrics Stolen? Lock Them in 3 Steps

UIDAI lets you lock your Aadhaar fingerprint and iris data to stop fraudsters from misusing your biometrics for fake loans, SIM swaps, or bank account access. Here is how to do it right now.

Wealth-Economic Times
Bank Updates

ITR 2026: Miss a Bank Account, Lose Your Refund?

When filing your ITR for AY 2026-27, you must list every bank account you held in FY 2025-26. Skipping even one can delay or block your tax refund — and may even trigger a defective return notice from the IT Department.

mint - money
Bank Updates

New Gold Loan Rules: Borrow 85% of Your Gold's Value?

From April 2026, RBI lets small borrowers get up to 85% of their gold's value as a loan. Earlier, everyone got max 75%. Smaller loans now unlock more cash from the same gold jewellery.

NewsVoir
Bank Updates

RBI's 70/100 Score: Is Your Village Bank-Ready?

RBI's Financial Inclusion Index hit 70 out of 100 in March 2026, up from 67 last year. More Indians are now actively using bank accounts, loans, and digital payments — not just holding them.

PRESS RELEASES FROM RBI
Bank Updates

PPF for Kids: Invest ₹12,500/month to Build ₹1Cr?

If you open a PPF account for your child at birth and invest consistently every month, the power of compounding can grow your money to ₹1 crore or more by the time they turn 18-21 — completely tax-free.

mint - money
Bank Updates

PM Kisan 24th Instalment: Is Your e-KYC Done?

PM Kisan's 24th instalment of ₹2,000 is expected in October 2026. But farmers who haven't completed e-KYC will not receive the payment. Here's what you must do before the deadline to avoid missing out.

Wealth-Economic Times
Bank Updates

MSME Loans: 5 Govt Schemes You're Missing Out On

The government is pushing banks to lend more to small businesses. If you run a shop, workshop, or home business, there are low-interest loans and credit guarantee schemes most small owners never use.

Latest Money & Banking, Financial News Today - news | The HinduBusinessLine
Bank Updates

WB Pension DR Arrears: Is Your Payout Finally Here?

West Bengal government will pay 50% of pending Dearness Relief arrears to state pensioners in Kolkata as an interim step. If you or a family member is a retired state government employee, here is what this means and what to do next.

mint - money
Bank Updates

Gold Loans Up 70%: Is Your Gold Working for You?

Gold loans from NBFCs have jumped nearly 70% in one year. If you need quick cash, pledging your gold jewellery may be cheaper and faster than taking a personal loan — but there are risks to know first.

Personal Finance News in CNBCTV18, Personal Finance Latest News, Personal Finance News
Bank Updates

PPF Goes Dormant Under ₹500: Revive It in 3 Steps

If you don't deposit at least ₹500 in your PPF account in any financial year, the account becomes dormant. You lose access to loans, withdrawals, and fresh deposits until you pay a small penalty and reactivate it.

mint - money
Bank Updates

NBFC Loans Up 19.5%: Is Your Next EMI Cheaper?

NBFCs grew their total lending by 14.2% in May 2026. Retail loans — home, vehicle, and gold — grew the fastest at 19.5%, meaning more lenders are competing for your business, which could mean better loan deals for you.

PRESS RELEASES FROM RBI
Bank Updates

KVP at 7.5%: Will Your Money Double in 9 Years?

Kisan Vikas Patra offers 7.5% annual interest for July–September 2025. Your invested amount doubles in 115 months — roughly 9 years 7 months — with full government backing and no stock market risk.

mint - money
Bank Updates

Small Finance Bank FDs: Are You Missing 9.5%?

Small finance banks in India are growing fast and offering FD rates as high as 9.5% per year — much better than big banks. But before you invest, you need to know how safe your money really is.

NDTV Profit - Latest
Bank Updates

8.3% FD for Senior Citizens: Is Your ₹5L Safe?

Some small finance banks are offering senior citizens up to 8.3% interest on 3-year fixed deposits. That sounds great, but deposits are insured only up to ₹5 lakh — so where you park your money matters a lot.

Wealth-Economic Times
Bank Updates

Gold Loans Surge 42%: Is Your Jewellery Your New EMI?

Gold loans are now India's fastest-growing retail credit. More families are pledging their jewellery for quick cash — but high interest rates and auction risk make this a double-edged option.

mint - money
Bank Updates

108-Month Personal Loan: Does Lower EMI Cost You More?

Bajaj Finance now lets you repay personal loans over 108 months (9 years). Your monthly EMI drops, but you end up paying far more total interest. Here's what you must calculate before signing up.

NewsVoir
Bank Updates

DA Hiked 2%: How Much Extra Hits Your Salary?

The central government raised Dearness Allowance for its employees and pensioners. This affects your monthly salary, pension, and any pending arrears. Here is what changed and what you should check now.

mint - money
Bank Updates

Kotak Card Abroad: 3.5% Fee Hits Your Wallet

Kotak Mahindra Bank is raising its Dynamic Currency Conversion fee from 1% to 3.5% plus GST from August 1, 2026. If you use your Kotak card at foreign ATMs, shops, or websites, every transaction just got significantly more expensive.

Personal Finance News in CNBCTV18, Personal Finance Latest News, Personal Finance News
Bank Updates

India Post e-KYC Deadline: Is Your POSB Account Ready?

India Post is making Aadhaar-based e-KYC mandatory for its savings accounts. From September 1, your Post Office Savings Bank account must have a linked mobile number to use the DREAM mobile app. Biometric transactions are now allowed at any branch — not just your home branch.

Personal Finance News in CNBCTV18, Personal Finance Latest News, Personal Finance News
Bank Updates

FD Interest Taxed? Submit Form 15G/H to Save 10%

If your total income is below the taxable limit, you can stop your bank from deducting TDS on FD interest by submitting Form 15G (under 60) or Form 15H (60+) at the start of every financial year.

mint - money
Bank Updates

RBI's ₹1L Crore NBFC Rule: Does It Affect You?

RBI has tightened rules for large NBFCs: any company crossing ₹1 lakh crore in assets must list on stock exchanges. This removes earlier loopholes and could change how big lenders — including those you borrow from — operate.

Latest Money & Banking, Financial News Today - news | The HinduBusinessLine
Bank Updates

Kisan Credit Card Revamp: Is Your Farm Loan Limit Higher?

RBI has revised the Kisan Credit Card rules, allowing marginal and small farmers to access up to ₹50,000 as a flexible revolving credit line — making it easier to borrow, repay, and re-borrow for farming needs without reapplying each time.

mint - money
Bank Updates

RBI's ₹2L Farm Loan Rule: Is Your Collateral Back?

RBI now requires banks to give agricultural loans up to ₹2 lakh without asking for any collateral. If you or your family pledged gold for such a loan, that pledge cannot be treated as a rule violation — but you have the right to a collateral-free loan.

Latest Money & Banking, Financial News Today - news | The HinduBusinessLine
Bank Updates

RBI Tightens Bank Audits: Is Your ₹5L Deposit Safe?

RBI is pushing banks to adopt smarter internal audits that focus on high-risk areas first. For you, stronger bank oversight means fewer surprise bank failures and safer deposits — but your insurance cover stays at ₹5 lakh.

Latest Money & Banking, Financial News Today - news | The HinduBusinessLine
Bank Updates

NRI Dollar Deposits: Are You Earning 5.5% Yet?

Several Indian banks have sharply raised interest rates on FCNR(B) dollar deposits for NRIs following an RBI move in the forex market. If you park dollars in India now, you could earn much better returns than before.

Personal Finance News in CNBCTV18, Personal Finance Latest News, Personal Finance News
Bank Updates

Ujjwala LPG: ₹300 Subsidy on 4 Cylinders

The Ujjwala Yojana LPG subsidy has changed. Beneficiaries now get ₹300 off on their first 4 cylinders per year — down from 9. Here's who qualifies and how to claim it.

mint - money
Bank Updates

Gold Loans Up 16%: Is Your Borrowing Cost Too High?

India's retail lending market hit ₹162 lakh crore in early 2026. Gold loans are the fastest-growing segment. If you have any loan — home, personal, or gold — here's what this credit boom means for your EMIs and options.

Personal Finance News in CNBCTV18, Personal Finance Latest News, Personal Finance News
Bank Updates

mAadhaar Shutting Down: Switch in 5 Steps Now

The old mAadhaar app is being retired. UIDAI has launched a new Aadhaar app with better features. If you don't switch, you could lose access to digital Aadhaar, OTP-based eKYC, and offline verification — all things you need for loans, SIMs, and bank accounts.

mint - money
Bank Updates

Borrowing from an NBFC? 5 Risks You Must Know

A new NBFC called Nivasa Capital just got RBI approval to give home loans. More NBFCs means more loan options — but borrowing from an NBFC works very differently from a bank, and many Indians don't know the key risks.

Inc42 Media

Bank Updates — Quick Answers

How safe is my money in an Indian bank?
Deposits up to Rs 5 lakh per depositor per bank are insured by DICGC (Deposit Insurance and Credit Guarantee Corporation). This includes savings, fixed deposits, and current accounts across all banks including small finance banks and co-operative banks. For amounts above Rs 5 lakh, spread across banks.
What is a co-operative bank and are they safe?
Co-operative banks are member-owned banks regulated jointly by RBI and state co-op registrars. They're often smaller and more localized. Deposit insurance up to Rs 5 lakh applies here too. Historically some (like PMC in 2019) faced crises, so verify RBI's current supervision status before parking large amounts.
How do bank mergers affect my accounts?
In the recent PSU bank mergers, existing account numbers, IFSCs, and cards get replaced with the merged entity's over 6-12 months. Standing instructions and SIPs may need re-linking. Watch for merger circulars from your bank and update mandates promptly to avoid failed EMIs or SIPs.
What are RBI rules for closing a savings account?
Zero-balance closure is allowed at any time. Some banks charge a fee if the account is closed within 14 days of opening. Ensure all standing instructions are cancelled, refund of prepaid annual charges (if applicable) is claimed, and issue a written closure request. Retain the acknowledgment as proof.

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