Major Credit, Debit Card Rules Changing In July –SBI Card, ICICI Bank, Citibank, PNB | Personal Finance News

New Delhi: As July kicks in, several financial deadline and revised charges have been made effective. As far as credit and debit card rules are concerned, big banks have announced revisions in their card rules. Check out the key debit card and credit card rules that are changing in the month of  July, 2024 […]

ABHISEK RAJPUT

July 2, 2024

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NPCI To Introduce New Product On UPI With Credit Card Like Features- Details Here | Personal Finance News

New Delhi: The National Payments Corporation of India (NPCI) is set to introduce a new product on UPI that works like a credit card. The RBI has allowed banks to offer credit lines to customers through UPI. Several banks, including Axis, HDFC, ICICI, Indian Bank, and PNB, are already using this product. Customers get a […]

ABHISEK RAJPUT

July 13, 2024

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One-Year Fixed Deposits: List Of Major Private And Public Sector Banks Offering High Interest Rates | Personal Finance News

New Delhi: All banks keep revising their Fixed deposit rates from time to time so that the investor’s money can grow. Fixed deposits of banks in India, usually have 7 days as minimum tenure while the maximum tenures is 10 years. List Of Major Private And Public Sector Banks Offering High Interest Rates On 1 […]

ABHISEK RAJPUT

September 5, 2024

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PNB Customers Alert! Don’t Miss June 30 Deadline For THESE Accounts–Know Details | Personal Finance News

New Delhi: Public sector lender Punjab National Bank (PNB) has issued notice for closure of dormant/inoperative accounts. The Bank said, it has noticed that in many accounts there is no operation by the customer from last 3 years and there is no balance in these accounts. To ensure that these accounts are not misused, the […]

ABHISEK RAJPUT

June 28, 2024

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PNB Customers Alert! Your Saving, Current Account May Get Frozen; Do This By Aug 12 To Avoid Trouble | Personal Finance News

New Delhi: Punjab National Bank, a leading public sector lender in India has urged its customers to update their KYC (Know Your Customer) details by August 12 to avoid their accounts from getting suspended. This directive, which affects accounts that were due for KYC updates as of March 31, aligns with the guidelines set by […]

ABHISEK RAJPUT

August 2, 2024

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PNB Home Loan EMI To Shoot Up! Bank Hikes MCLR Rates Effective From Today, 1 August 2024 | Personal Finance News

New Delhi: Public sector lender Punjab National Bank (PNB) has announced its latest marginal cost of funds-based lending rate (MCLR), whereby the bank has raised it by 5 basis points or 0.05 percent. The PNB MCLR rates are effective from August 1, 2024, according to the bank’s website. The MCLR is the lowest interest rate […]

ABHISEK RAJPUT

August 1, 2024

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PNB Records Its Highest Ever Quarterly Profit Of Rs 3,252 Cr | Markets News

New Delhi: Punjab National Bank (PNB) on Saturday reported its highest-ever quarterly standalone profit at Rs 3,252 crore in April-June FY25 helped by a decline in bad loans and an improvement in interest income. The state-owned bank posted a net profit of Rs 1,255 crore in the June quarter of FY24. This is the highest […]

ABHISEK RAJPUT

July 27, 2024

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PNB Revises Service Charges: Updates To Savings Account, Minimum Balance, Locker Fees, And More | Personal Finance News

New Delhi: Punjab National Bank (PNB) has announced updates to various credit-related service charges for savings accounts which includes fees for maintaining a minimum average balance, issuing demand drafts, duplicating DDs, returning cheques (including ECS) and locker rent charges. These revised charges will come into effect from October 1, 2024. What are the specifics of […]

ABHISEK RAJPUT

September 4, 2024

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RBI Penalizes Five Banks, Including PNB, For Regulatory Non-Compliance In First Week Of July | Personal Finance News

New Delhi: The Reserve Bank of India (RBI) has penalized five banks, including Punjab National Bank (PNB), in the first week of July for non-compliance with various RBI directions. PNB became the fifth bank to be penalized, with a penalty of Rs 1.31 crore. This penalty was imposed for non-compliance with RBI directions regarding ‘Loans […]

ABHISEK RAJPUT

July 6, 2024

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Relief For SBI, PNB As Karnataka Puts Decision To Suspend Transaction On Hold | Personal Finance News

New Delhi: Karnataka government on Friday put on hold a circular directing all government departments to stop transactions with the State Bank of India (SBI) and restrict deposits with the Punjab National Bank (PNB) in the state. “Based on the observations made by the Public Accounts Committee on July 2, 2024, and August 6, 2024, […]

ABHISEK RAJPUT

August 16, 2024

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