The State Bank of India (SBI) will implement revised ATM transaction charges and free usage limits for its customers. These rules are effective from February 1, 2025. This move aims to streamline fee structures and promote digital banking, impacting both financial and non-financial transactions at SBI and other bank ATMs. SBI has made changes to the … Read more
The disbursement of pension to retired government employees is regulated by the relevant schemes established by both the central and state governments. Pension payments are facilitated through authorized banks, who are required to adhere to guidelines outlined in the Reserve Bank of India’s “Master Circular – Disbursement of Government Pension by Agency Banks”. Recently, the … Read more
In April 2025, investors holding select Sovereign Gold Bonds (SGBs) from the 2017-18 series will have the option for early redemption. The bonds eligible for redemption include SGB 2017-18 Series III, IV, and V, with redemption dates scheduled for April 16, April 23, and April 30. These bonds were originally issued at prices varying from … Read more
I have been an NRI since 2019 and reside in Saudi. I have invested around Rs 40 lakhs in various mutual fund schemes in India from my NRO account by transferring money from my existing NRE to my NRO account. Now I have decided to redeem all my investments in a mutual fund and invest … Read more
Credit card rules: From tomorrow, i.e. September 6, 2024, credit card holders will have the freedom and flexibility to choose their card network. From now on, credit card users can choose their choice of card network from the available ones — Visa, MasterCard, RuPay — while applying for a new credit card or renewing the … Read more
UPI transaction limit: Anupam Mittal, Shark Tank judge and CEO of People Group, has raised a complaint against the Unified Payments Interface (UPI) transaction limits on the State Bank of India platform. In a post on X, which was named Twitter before this, Mittal noted that many merchants have been facing UPI limit errors for … Read more