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SBI cuts lending rates by 0.25%

The State Bank of India has cut its base rate, the minimum interest rate at which it lends, by 25 basis points to 9.75 percent with effect from Thursday, it said in a statement late on Tuesday. Read more here.

SBI reduces home loan interest rates effective Aug 7, 2012

SBI, India's leading bank, has reduced its home loan interest rates. Consumers looking for home loan amounts of less than Rs. 30 lakhs can get a loan with an interest rate of 10.25. Home loan amounts about Rs. 30 lakhs upto Rs. 75 lakhs as well as home loan amounts ...

PNB customers can get their savings account balance with a missed call

PNB customers can get their savings account balance by giving a missed call to call centre number of the bank 1800 180 2222 or 0120-2490000 from their registered mobile number. Be sure to disconnect the call within three rings to avoid getting connected to the call center. The savings account balance ...

Recruitment to clerical cadre in Associate Banks of State Bank of India

Advertisement has been placed for recruitment of clerical cadre in Associate Banks of State Bank of India. There are about 7, 740 clerk jobs available in associate banks of SBI including State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and ...

State Bank of Mysore offers home loans at 10.50%. Valid upto Sep 30, 2012

State Bank of Mysore is offering home loans at an interest rate of 10.50% for loan amounts upto Rs. 30 lakhs. This offer is valid upto September 30, 2012. This offer comes along with no prepayment penalty and low processing charges. Interested customers can contact their nearest SBM branches. For home ...

ING Vysya Bank account holders can get Rs. 50 off per transaction on Redbus upto 31 August 2012

Are you a ING Vysya Bank account holder planning to book a bus ticket online? You can get Rs. 50 off transactions done on Redbus.in. The offer is valid upto August 31, 2012. The following are the key details of this scheme: Applicable for both debit cards and net-banking Use the promo ...

Paytm offer of Rs. 50 cashback for ING Vysya Debit Card Customers - Last Date 31 July, 2012

ING Vysya Bank debit card holders can get Rs. 50 cash back on their online mobile recharge from Paytm. Following are the key details of this scheme: Offer valid till 31st July 2012. Use the promo code PAYTMING After you have entered your recharge details proceed towards the payment page. Click on "I want ...

MICR code and IFSC code to be available on Passbook/statement of account

RBI has now mandated that the MICR code and IFSC code of a bank branch be made available on the passbook/statement of account of account holders. The MICR code is necessary for all Electronic Clearing Service (ECS – Credit and Debit) transactions. Similarly, the IFSC code is a pre-requisite for NEFT ...

RBI raises limit for foreign exchange remittances to USD 25000

In a move that would be helpful to many, RBI through a circular issued on May 7, 2012 has further liberalized the foreign exchange remittance limit. The limit for foreign exchange remittance for miscellaneous purposes without documentation formalities, has been raised from USD 5000 to USD 25000 with immediate effect. The circular states that Authorised ...

RBI permits transfer of funds from NRO to NRE accounts

In a significant change announced on May 7, 2012 through a circular, RBI has said that the NRIs/PIOs may be permitted, subject to payment of applicable taxes, to transfer repatriable funds from their NRO account within the overall ceiling of US $ 1 million per financial year, for credit to their ...