Reserve Bank of India has launched a new Rs. 10 coin. Seeing the inflation and that the smaller denomination coins are loosing their buying power this was a logical step. Also this takes some pressure of the battered Rs. 10 notes which the most used and abused of the lot. The face of the coin [...]

After HDFC bank phishing email scam, I got an email today allegedly from Axis Bank that there is an “Irregular Account Activity” and that my account has been locked. How do I know this is a fraud? Well… to start with I don’t even have an Axis bank account and secondly the links on the [...]

I got an email today which looked like it came directly from HDFC bank, it was warning me about some account activity error and that my net banking was blocked due to the reason. At first I was taken aback if it really did happen but then when I saw the email closely, I could [...]

Wikipedia defines Phishing as a process of attempting to acquire sensitive information such as usernames, passwords and credit card details, by masquerading as a trustworthy entity in an electronic communication. This attempt to acquire info about your bank account is for the purpose of getting into the account and then transferring money to another account, [...]

Almost all banks have raised their lending rates by 50 basis points which means a 0.5 percentage increase. If you have credit card loan to pay off, this would mean that you would need to pay an additional .5% in interest to your bank. Usually the interest rate were about 2.5% a month which has [...]

Article taken from HT epaper written by B.S. Srinivasalu Reddy. In a positive signal to those who save, the State Bank of India (SBI), India’s largest commercial bank, will raise interest rates on domestic term deposits. Beginning June 1, 2008, the bank will hike interest rates on deposits, with a maturity period of two years [...]

You need to be very careful these days while taking out money from an ATM or even while collecting cash at the Teller, someone could be watching your every move. Recently a friend of mine went to collect cash at HDFC bank at Vasant Kunj, New Delhi branch. After she had collected the cash from [...]

Getting a loan for almost anything is just a phone call away and that is why you need to be extra careful while even thinking about it, you might just end up paying for it with your life. Even after the Supreme Court has directed banks not to resort to bully tactics for loan recovery, [...]