Banking Products & Schemes Archive
FedSwagat–Digital appointment booking channel to visit Federal Bank
FedSwagat is an innovative appointment booking channel launched for visitors by the Federal Bank Ltd. The bank, which is one of the major commercial sector banks in India, has always been in the forefront in adopting technology,
21 Jun 20
CategoryBanking News, Banking Products & Schemes, Digital Banking Awareness
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Why are banks hesitant to lend to MSE sector with CGTMSE coverage?
MSME sector (Micro, Small and Medium Enterprises sector) plays a crucial role in improving Gross Domestic Product (GDP), creation of employment opportunities and export growth in India. The sector contributes around 30% of GDP, 40% of exports
CGTMSE Coverage for Micro and Small Enterprises
CGTMSE coverage for Micro and Small Enterprises is an initiative of the Government of India and SIDBI to ensure bank credit to Micro and Small Enterprise (MSE) without the insistence for collateral securities or third party guarantees.
21 May 20
CategoryBanking Products & Schemes, Banking Terms - Loans, Everything About
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SBI Wecare Deposit scheme offers 0.8% Senior Citizen benefit on TD
SBI Wecare Deposit is a new term deposit scheme announced by the largest commercial bank in India for Senior Citizens. The SBI Wecare scheme is announced to protect the interest income earned by senior citizens on their
Do Banks Offer Free ATM Transactions?
ATMs have become the face of digital banking in India. The Reserve bank of India (RBI) has stipulated minimum number of free ATM transactions to be provided by banks to their savings bank customers. This has been
17 Jan 19
CategoryBanking Awareness, Banking Products & Schemes, Digital Banking Products
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Automated Teller Machine –Services and Precautions
Automated Teller Machines were the first step in the digital journey of banking system in India. In a short span of time, ATMS became very popular. As of now, more than 2,40,000 Automated Teller Machines are deployed
16 Jan 19
CategoryBanking Awareness, Banking Products & Schemes, Digital Banking Products
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ATM – White Label & Brown Label ATMs
Automated Teller Machine (ATM) is a computerized machine that extends transaction facility to the customers of banks, without visiting branches. Customers can access their account, withdraw cash and carry out a number of other transactions by visiting
Aadhaar is mandatory for all new accounts; small accounts exempted
Aadhaar is now essential for opening of new accounts. RBI has made Aadhar and Permanent Account Number (PAN) / Form 60 mandatory for all new accounts to be opened. However, for opening small accounts these documents are
Tez: Google Payment App
Tez is the Unified Payments Interface (UPI) based digital payment service launched by Google. It was launched o 18 September 20017. Tez means speed in Urdu.To capture a major share of the digital payment market in India,