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Canara Bank Receives the Banker’s Bank of the Year Award 2022 and judged as Best Bank in India. The award was announced for the India segment at the Global Banking Summit, held in London, UK from November 29, 2022, to December 1, 2022. The best bank award was received by the MD & CEO of […]
Canara Mobile Banking ai1 Users can now Transfer Funds to UPI Number directly without putting the account number or IFSC code of the receivers. Sending money will be instant and easy as like wallets i.e. Google Pay, PhonePe, Amazon Pay, Paytm etc. Just follow the below process to get it done through your Canara Bank […]
Know to calculate Balloon Payment EMI in Loans i.e. Mortgage Loans, Property loans, Home loan or Loan against Rent Receivables – The Balloon payment is defined as the lump sum payment which is made along with the last EMI of the loan. This payment is usually made towards the end of the loan period. The […]
RBI Launches Digital e-Rupee, a digital form of Currency which is not like cryptocurrency. RBI is stating it as “watershed moment in the evolution of currency” as it transforms money from the physical mode to completely digital. Just checkout, how will this new e-Rupee will work and how is it different from cryptocurrency? It is […]
Checkout the Best Lifetime Free Credit Cards For 2023 issued by banks in India. The Best Credit Cards are shortlisted based on various categories like Free Credit Cards for Shopping, Travel, Cashback, Fuel or Lowest EMI Interest Rate. Get the detailed Credit Card reviews of various banks, NBFCs, Co branded and Fintech companies, its reward […]
Stock exchanges have informed that there will be T+1 Settlement Cycle for all F&O Stocks from Jan 2023. This is made to bring in operational efficiency and available for all stocks, on which derivatives contracts are available. Earlier, future and options (F&O) stocks were to be transitioned to the T+1 settlement in two batches — December […]
Airtel eKYC With Face Authentication updates – Leading Telecom service provider Airtel has launched the face authentication based e-KYC for opening the Saving bank accounts. It’s banking arm i.e. Airtel Payment banks is now accepting the request from the existing customers for validating the Know Your Customer (KYC) details with face authentication. This facility will […]
RBI bars housing finance companies and banks from charging home loan Preclosure charges. It is also advised that if your financial institution charges a foreclosure penalty on home loans, raise a complaint with the branch/RBI Ombudsman. As per RBI guidelines, NBFCs shall not charge foreclosure charges or pre-payment penalties on any floating rate loan products […]
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