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Revised Performance Linked Incentive Calculator for Public Sector Banks

by Askbanking November 24, 2024November 24, 2024 11th Bipartite Settlement, Bank Account Queries, Banking HowTo, Banking News, Careers & Jobs, Demonetization, Financial Calculator, IMPS, Insurance, Internet Banking, Jeevan Pramaan, Loan FAQ, Loan Ratio, Mobile Banking, NPS, Professional Tax, Salary Structure, SBI, Share & StocksLeave a comment

Revised Performance Linked Incentive Calculator for Public Sector Banks – The Finance Ministry has unveiled a performance-linked incentive (PLI) scheme for the senior executives of public sector banks (PSBs) i.e. Chief Manager, AGM, DGM, General Managers and CGM than MD & CEO including Executive Directors. The PLI ceiling for Managing Director & Chief Executive Officers and […]

Banking News Canara Bank

Canara Bank Official Twitter ‘X’ Handle Hacked

by Askbanking June 23, 2024 Banking News, Canara BankLeave a comment

Canara Bank Official Twitter ‘X’ handle hacked – Public sector Canara Bank has announced that its official social media handle on X was hacked, Canara Bank on Sunday acknowledged it, saying their X handle has been compromised. The hacker changed the username of the handle to ‘ether.fi’. The official account (@canarabank) has around 2.55 lakh […]

Bank Account Queries Canara Bank

Can I Open Fixed Deposit Online in Canara Bank ?

by Askbanking March 20, 2024 Bank Account Queries, Canara BankLeave a comment

Yes, you can open Fixed deposit online in Canara Bank. The facility to open the term deposit in Canara Bank is provided through Internet Banking and Mobile Banking. Open Canara Bank Mobile Banking / Internet Banking Go to the deposit section Choose the option’ New TD’ Choose the maturity period and Enter the requisite amount […]

Bank Account Queries Credit Cards

What Happens If I am 1 Day Late on My Credit Card Payment?

by Askbanking March 19, 2024March 19, 2024 Bank Account Queries, Credit CardsLeave a comment

If you are late in making the credit card payment on time, your CIBIL score may go down and moreover, you end up paying a late fee along with interest on the due amount. Many a time, a credit card customer intends to make the payment on time but fails to do so due to […]

Credit Cards

Can a Credit Card Be Issued to the Loan Accounts ?

by Askbanking March 11, 2024 Credit CardsLeave a comment

Can a Credit Card be issued to other loan accounts such as overdraft facility, cash credit facility, working capital loan? Yes, paragraphs 7(b) and 7(c) of the MD have enabled issuance of various types of credit cards which can be customized to access the limits available in different loan accounts, duly aligned to the terms […]

Credit Cards

What If Credit Card is Issued Without Consent ?

by Askbanking March 11, 2024 Credit CardsLeave a comment

What should a customer do if a credit card is issued without his/her consent (unsolicited card)? Card issuers are prohibited from issuing unsolicited credit cards and are required to seek prior and explicit consent from the customer before issuing a card. However, if the customer receives an unsolicited card, he/she should refrain from activating or […]

Credit Cards

Can a Late Payment Fees Charges on Partial Payment?

by Askbanking March 11, 2024 Credit Cards1 Comment

In case a cardholder makes partial payment, can a card-issuer charge interest/levy late payment charges on the total amount due? In case a cardholder does not clear the total amount due within the payment due date, interest free credit period will be lost, and interest may be levied from the date of transaction on the […]

Bank Account Queries Credit Cards

Can a Bank Charges interest on the Credit Card unpaid taxes ?

by Askbanking March 11, 2024 Bank Account Queries, Credit Cards2 Comments

No, a bank or Credit card issuers shall not capitalize i.e., levy interest or any other charges, on the unpaid taxes/levies/charges. As the provision contained under para 9(b)(ii) of the MD became effective from October 01, 2022, card-issuers shall not capitalize unpaid taxes/levies/charges that have been billed from October 01, 2022. Checkout Latest Credit Card […]