In response to the COVID-19 pandemic, the Reserve Bank of India announced some relief measures, including a 3 month moratorium on payments towards loan EMIs and credit card dues. However, this RBI moratorium ended up...
Category - Finance
Finance
Citibank minimum balance now Rs.2 lakh per month
Citibank minimum balance to be Rs. 2 lakh per month? Wow. In early January this year, I received a mail from Citibank that w.e.f 01-Mar-13, they were converting my Suvidha savings account to a ‘Citibanking‘...
2 min read
HDFC Bank is a khadoos bank
Surprising I know… for a bank which used to focus on customer delight. I’ve been a happy customer for over a decade now. However, events over the past few months have left me feeling not so happy with HDFC...
3 min read
Intuit Money Manager – another personal finance tool
Intuit Inc. recently launched its first India-focused product, Intuit Money Manager, an addition to the personal finance software market. This is a SaaS (Software-as-a-Service) based product, and available on www...
2 min read
Sensex below 10,000, what should you do now?
Finally, after almost two years, we are back where we were! The Sensex closed the day at 9,975, down 606 points from yesterday. When you consider the fact that it scaled 21,207 on 10-Jan-08, it has dropped 53% in a...
4 min read
India’s first silver ETF by Benchmark
With the stock markets continuing their downward spiral, investors are on the lookout for different avenues to park their funds, like fixed deposits, Gold ETF and Fixed Maturity Plans. Those looking for novelty can try...
1 min read
The Delhi Metro Citibank Credit Card
Citibank has launched a new co-branded credit card with Delhi Metro Rail Corporation (DMRC), the Delhi Metro Citibank credit card. This is meant to be a 2-in-1 transit credit card – a first in India – which...
2 min read
Kotak launches India’s first vertical credit card
Came across a huge advertisement in the TOI today, showcasing Kotak Cards. The difference between this offering and those by other banks is the orientation of the card, or to put it more simply, this is India’s...
2 min read
ICICI Bank minimum balance in savings account hiked to Rs.10,000
Found a letter from ICICI Bank waiting for me as I came home today. It was to inform that from 01-Jul-08, they would be revising the minimum quarterly average balance (QAB) from Rs.5,000 to Rs.10,000 for savings...
2 min read