Bank Account Queries

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 […]

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 […]

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 […]

Bank Account Queries

How To Check Rs 500 Fake Note ?

by Askbanking December 20, 2022December 19, 2023 Bank Account QueriesLeave a comment

Simple Steps to check Rs 500 Fake Note & verify whether it is real or not before accepting. The Reserve Bank of India (RBI) has issued the specific guidelines to verify and check the genuineness of the Rs 500 notes. Check out the Simple Features to verify the Fake Rs 500 Note See-through register with […]

Bank Account Queries

How to Calculate Balloon Payment EMI ?

by Askbanking December 3, 2022 Bank Account QueriesLeave a comment

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 […]

Bank Account Queries Home Loans

No Home Loan Preclosure Charges – RBI Bars Bank ?

by Askbanking November 21, 2022 Bank Account Queries, Home LoansLeave a comment

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 […]

Bank Account Queries Loan FAQ

Difference Between Registered and Equitable Mortgage

by Askbanking October 29, 2022 Bank Account Queries, Loan FAQLeave a comment

Know the difference between Registered and Equitable Mortgage and also know about the MODTD process in getting Bank Loan for Mortgages, Home & other purposes. In general term, if you own a property, and want to take a loan from banks on the same property, you will have to follow certain formalities and sign an […]