Latest Blog Articles

Effective December 2025, Kotak Mahindra Bank is introducing new usage-based SMS alert charges. Customers will receive 30 free SMS alerts monthly, after which a fee of ₹0.15 per message will apply. Critical communications like OTPs remain free.

Punjab National Bank has set November 30, 2025 as the final deadline for customers to update their KYC details. Customers with pending or outdated KYC must update it online or at a branch to avoid account restrictions, including blocked transactions and service disruptions. Keep identity proof, address proof, PAN/Form 60, and your registered mobile number ready for a smooth KYC update.

SBI will discontinue its mCASH Sending & Claiming service after November 30, 2025, removing it from OnlineSBI and YONO Lite. The bank advises customers to switch to modern, faster, and more secure options like UPI, IMPS, NEFT, and RTGS. Pending mCASH transfers must be claimed before the deadline. The move reflects India’s shift toward advanced digital payment systems.

The Pradhan Mantri Jan Dhan Yojana (PMJDY), India’s flagship financial inclusion program, now requires account holders to complete Re-KYC by September 30, 2025. This update is vital for accounts opened between 2014 and 2015, as their initial KYC validity ends after 10 years. Failure to comply will render accounts inoperative, blocking access to deposits, withdrawals, and crucial Direct Benefit Transfers (DBT). Completing Re-KYC safeguards subsidies and ensures uninterrupted banking benefits.

Good news for borrowers! Punjab National Bank (PNB) and Bank of India (BoI) have reduced their Marginal Cost of Funds-Based Lending Rates (MCLR) effective September 1, 2025. This move means lower EMIs for borrowers with loans linked to MCLR covering home, car, personal, and business loans. While the Reserve Bank of India (RBI) kept its […]

Planning any important banking activity in early September 2025? Be sure to check your state’s holiday calendar. According to the Reserve Bank of India (RBI), banks in several Indian states will be closed on five separate days between September 1 and 7. These closures are due to various regional and religious festivals, including Karma Puja, […]

RBL Bank is focusing on smaller cities in India, where there’s a lot of untapped potential. The bank wants to offer secured loans to help meet the growing needs of businesses and people in these areas. This move will not only help small businesses and homebuyers but could also change the way people in these […]

Slice Small Finance Bank (SFB) is a new-age digital bank formed through the merger of Slice (a fintech company) and North East Small Finance Bank (NESFB), approved by the RBI on October 27, 2024. It combines fintech speed with traditional banking reliability, offering savings accounts (5.5%), fixed deposits (up to 8.5%), loans, and insured deposits up to ₹5 lakh. Slice SFB aims to promote financial inclusion, providing instant loans, easy digital onboarding, and credit card access. Its growth supports India’s digital banking expansion, encouraging users to save, borrow, and build better credit responsibly.

In a major relief to customers following widespread public backlash, ICICI Bank has rolled back its steep minimum average balance (MAB) hike announced earlier this year. The private lender has now revised the MAB requirement down significantly for new savings accounts opened on or after August 1, 2025. This update is critical for anyone considering […]

The Reserve Bank of India (RBI) released a game-changing draft circular in August 2025, aimed at transforming how banks handle claims after a customer’s death. The proposed rules, set to be implemented from January 1, 2026, promise a standardized, time-bound and customer-friendly process for settling claims related to bank accounts, lockers and valuables in safe […]