AskBanking – Get solution to all your banking FAQs
Banking FAQs & HowTo Guide
Latest Banking News & Financial updates from around the web. Daily updates on Global Banking News, Financial Markets, Economy and News from the different banks.
IDBI Stake Sale Latest News – RBI suggests IDBI Bank to come out of PCA framework before proposed stake sale : Reserve bank of India (RBI) has suggested the government and Life Insurance Corporation (LIC) of India that IDBI Bank should allow to come out of the prompt corrective action (PCA) framework before they go […]
IFSC Search – Bank of Baroda New IFSC, MICR Code for Vijaya Bank in the state of Bihar. The new IFSC code along with old and details of the branches are listed for the customers of Bank of Baroda and Vijaya Bank. Customer may also search for MICR code of all the branches of Vijaya […]
Positive Pay System of making payment to high value Cheques in Clearing or The Cheque Truncation System (CTS) – To further augment customer safety in cheque payments and reduce instances of fraud occurring on account of tampering of cheque leaves, it has been decided to introduce a mechanism of Positive Pay for all high value […]
Very few customers know that the Bank Charges on Unsuccessful ATM Transactions also – There are some banks which are charging a penalty fee for a failed ATM transaction while withdrawing money from an account with insufficient balance. If your account doesn’t have the sufficient balance, some of the top banks like ICICI Bank, Kotak Mahindra […]
RBI Bans HDFC Bank from Issuing Credit Cards and other new digital products. The bank has informed the stock exchange that the order from the RBI was issued on December 2, and was in response to outages in the bank’s internet banking, payment utilities over the past two years. The most recent outage took place […]
In order to curb the fraud, the State Bank of India has made OTP is Mandatory For SBI ATM Cash Withdrawal. All the Cash Withdrawal using SBI Debit Card will required the one-time password (OTP) for cash transactions above Rs 10,000 throughout the day across all its ATMs. This will be available from September 18, […]
EPFO fails to pay interest on time – The Employees’ Provident Fund Organisation (EPFO) decided to postponed the credit interest rate to formal sector workers for 2019-20 under installments, citing the coronavirus pandemic’s impact on its return on investments. But in actual this was due to negative return from the stock markets. The EPFO’s investments […]
Explained – Who is a Beneficial Owner (BO) in the Banking Accounts – As per the guidelines by Prevention of Money-Laundering Act, 2002 and the Prevention of Money-Laundering (Maintenance of Records) Rules, 2005, every Regulated Entities (RE) like banks, insurance companies, stock brokerage firms etc. require to maintain the customer identification procedures while undertaking a […]
by 
