PERSONAL FINANCE


MDT/PTI 04 September 2012
“With effect from 15 September 2012 ATM cash withdrawal fee at international location will be increased from Rs107 to Rs125,” ICICI Bank said in a notification to its customers   New Delhi: ATM cash withdrawals at international locations by ICICI Bank customers are set to get dearer...

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MDT/PTI 04 September 2012
“With effect from 15 September 2012 ATM cash withdrawal fee at international location will be increased from Rs107 to Rs125,” ICICI Bank said in a notification to its customers   New Delhi: ATM cash withdrawals at international locations by ICICI Bank customers are set to get dearer...

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MDT/PTI 04 September 2012
In the housing loan segment, interest rate has been reduced by 0.25% while interest rate on car loans has been slashed by 0.5% effective today   New Delhi: State-owned lender Punjab National Bank (PNB) slashed interest rates on home and car loans by up to 0.5%, reports...

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MDT/PTI 03 September 2012
For FCNR (B) Deposits, in USD, Indian Bank fixed its interest rate at 3.03% for deposits of one year and above but less than two years as against 3.05%   Chennai: Public sector lender Indian Bank has revised its interest rates on foreign currency non-resident (banking) term deposits...

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MDT/PTI 03 September 2012
Oriental Bank of Commerce has revised its interest rate downward to 7% from existing 7.25% on term deposit with maturity period of 31-45 days New Delhi: State-owned Oriental Bank of Commerce (OBC) has slashed fixed deposit rates by up to 0.5% on select maturities, reports...

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MDT/PTI 03 September 2012
The health insurance policy from ICICI Lombard comes with lifetime renewal with no restriction on maximum entry age   New Delhi: ICICI Lombard General Insurance has launched a flexible health insurance product with no restriction on maximum entry age, reports PTI.   The...

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MDT/PTI 31 August 2012
Union Bank cut interest rates by 1.5% to 2.5% to 10.95% for vehicle loans of up to seven year tenure Mumbai: Union Bank of India said it has slashed interest rates on vehicle loans in the range of 1.55-2.55% and brought them to a flat 10.95% on zero to seven-year tenor with immediate...

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As per an RTI reply by the ministry of finance, IRDA has taken several initiatives for senior citizens, but has it made the life of senior citizens any easier? The reply of the ministry of finance to an RTI query by MV Ruparelia gives details of recommendations by the Sastry...

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MDT/PTI 29 August 2012
Stating that there was wide variations in the interest rates on single term deposits of corresponding maturities, RBI said banks should put in place a board approved transparent policy on pricing of liabilities Mumbai: The Reserve Bank of India (RBI) has asked state and central...

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MDT/PTI 28 August 2012
HUDCO is offering home loans at a floating rate of 10.2% for loans up to Rs25 lakh, which is marginally lower than SBI's 10.25% interest for home loans of up to Rs30 lakh   Mumbai: State-run Housing and Urban Development Corp (HUDCO) on Tuesday said it has restarted lending for home...

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Moneylife Digital Team 28 August 2012
With the market already full of ULIPS that inflicted losses on the savers, here’s another product that joins the category. Will it be any better than the existing ones? HDFC Life Insurance has launched a single premium ULIP (unit linked insurance product) plan named “Invest Wise”, which...

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Moneylife Digital Team 27 August 2012
Bajaj Finserv has introduced online personal loans to its kitty of offers to high networth individuals. While net-savvy customers would like it, they need to be vigilant Bajaj Finserv, a diversified non-banking finance company (NBFC), has launched online personal loans for high net-worth...

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MDT/PTI 27 August 2012
Being open on Sundays is said to help bank branches attract the new-age working class customers where both the spouses in a household work and struggle to do banking transactions during the week   Mumbai: State Bank of India (SBI) may have its branches open on Sundays to help improve...

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MDT/PTI 27 August 2012
The Finance Ministry also said that while the insurance companies are providing huge discounts to big customers while 'snatching business' from other PSU insurers, premiums have been hiked up continuously for individual retail policies   New Delhi: Concerned over increasing losses in...

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MDT/PTI 27 August 2012
Reliance Life Insurance is aiming to hire over 5,000 insurance agents from small towns and rural areas and give them jobs as their career option   New Delhi: Private sector insurer Reliance Life Insurance will target small cities and rural areas to hire over 5,000 advisers on...

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MDT/PTI 24 August 2012
RBI said contrary to claims, the real interest rates of commercial had been heading south in FY12 from their high during the pre-crisis period of 2003-04 and 2007-08 Mumbai: The Reserve Bank of India (RBI) has proved wrong its critics, who have been flaying it for sharp growth dip and...

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MDT/PTI 23 August 2012
“Our bank’s FRTD (floating rate interest on retail term deposits) would allow our customers to take advantage of interest rate changes without closing and rebooking their fixed deposits,” IDBI Bank chairman and managing director R M Malla said Mumbai: State-run IDBI Bank became the first...

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MDT/PTI 23 August 2012
“Rs752,44,57,414.03 is the amount lying in all inactive (silent) accounts as on 31 March 2011 in 2,49,59,446 accounts,” telecom minister Kapil Sibal said in a written reply to Lok Sabha New Delhi: The government today said around Rs752 crore is lying as unclaimed deposits in more than...

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MDT/PTI 23 August 2012
“We are looking for a bank partner of significant size and are in touch with a couple of banks for alliance,” Reliance Life president and executive director Malay Ghosh said New Delhi: Leading private insurer Reliance Life has begun talks with a few banks for sale of minority stake of up...

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MDT/PTI 23 August 2012
The high level committee on external commercial borrowings which met last evening also permitted FIIs to invest up to $5 billion in rupee bonds within the overall corporate bond limit of $45 billion    New Delhi: Liberalising overseas borrowing norms, the government on Wednesday...

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