RBI has issued the press released as on 3rd March 2014 and extended the date of exchanging the currency note to 1st January 2015. It is also informed that majority of notes which was issued prior to 2005 are already been withdrawn through banks and only a limited number of notes … [Read more...]
Highest interest on saving account paying banks in 2014
Saving Accounts Most of salary earners use the saving accounts in India. Account holder can withdraw the amount any time form ATM or by issuing cheque / withdrawal Slip. All the Nationalized Banks, Private Banks and all cooperative banks provide saving bank account facility. The account holder is … [Read more...]
Banks are not permitted to charge foreclosure charges/pre-payment penalties on home loans on floating interest rate basis
RBI/2011-12/589 DBOD. No. Dir. BC.107/13.03.00/2011-12June 5, 2012All Scheduled Commercial Banks(Excluding RRBs)Dear Sir/MadamHome Loans-Levy of fore-closure charges/pre-payment penaltyPlease refer to our circular DBOD. No. Dir. BC. 56/13.03.00/2006-2007 dated February 2, 2007 on … [Read more...]