online banking – pressnews

Savers, It’s Time to Choose an Online Bank

8Apr

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Technology

Savers, It’s Time to Choose an Online Bank

[ad_1] You should reconsider the bank you use, at least for some of your savings. Chances are, if you're a customer at one of the major retail banks, you're leaving real money on the table.High-yield online savings accounts are finally starting to feel like they are in fact, high-yielding — or at least higher-yielding than they've been in recent years. After keeping their rates depressingly low during the pandemic and for the first half of this year, firms like Synchrony and Goldman Sachs Group Inc.'s consumer bank Marcus have started to offer more. For example, Marcus recently bumped its payout for a savings account to 1.9%, or 2.9% (for three months) for customers who refer a friend. Across the board, the average online savings account yield had the biggest monthly gain in at least fi...

SBI server down! UPI, YONO hit by outage- Here’s how customers reacted

3Apr

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Technology

SBI server down! UPI, YONO hit by outage- Here’s how customers reacted

[ad_1] Are you the customer of the State Bank of India (SBI) and facing issues while making UPI payments? Well, that is because SBI server is down. The bank has been receiving multiple complaints saying that the bank server is not responding. Because of the SBI outage, people are facing trouble in availing services like net banking, making UPI payments, and more.Down Detector India has informed about the same via a tweet saying, "User reports indicate State Bank of India (SBI) is having problems since 9:19 AM IST. http://downdetector.in/status/state-bank-of-india-sbi/ RT if you're also having problems #StateBankofIndia(SBI)down." According to the information provided by Down Detector most reported problems are related to online banking with 65 percent, followed by online login (25 perce...

Bank Holidays in December 2022: Know why banks to be shut for 9 days; online banking open

1Dec

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Technology

Bank Holidays in December 2022: Know why banks to be shut for 9 days; online banking open

[ad_1] Bank Holidays in December 2022: The month of December has begun and includes 9 days of banking holidays. Know bank holidays, occasions, other details here. However, online or net banking will remain operative. Bank Holidays in December 2022: The last month of the year December has started and the list of bank holidays in the month are out. So, if you have any planned banking activity to be completed and have to visit your nearest bank branch, you need to know about the list of holidays. As per the details provided by the Reserve Bank of India (RBI) banks will remain closed for 9 days in December. Meanwhile, online or internet banking will remain operative 24x7.People who have to complete banking activities like depositing money, updating passbook, transferring amount, among oth...

Bank Holidays in October 2022: Banks closed for 6 days from tomorrow; online banking open

21Oct

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Technology

Bank Holidays in October 2022: Banks closed for 6 days from tomorrow; online banking open

[ad_1] Bank Holidays in October 2022: Banks will remain closed for 6 days starting October 22. Know occasions, other details here. However, online or net banking will remain operative. Bank Holidays in October 2022: The festival of lights- Diwali is just around the corner and the 5 days celebration will start with Dhanteras. It can be known that Dhanteras will be celebrated on both 22nd and 23rd of October. But, here is an important update for bank customers. Due to the festivities and other occasions, banks will remain closed for six consecutive days starting tomorrow (Saturday), October 22, 2022. Meanwhile, online or internet banking will remain operative 24x7. People who have to complete banking activities like depositing money, updating passbook, transferring amount, among others...

Smartphone Apps Bury the Case for a Pan-Asian Currency

17Oct

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Technology

Smartphone Apps Bury the Case for a Pan-Asian Currency

[ad_1] A new world wide web of payments may be the best way to move money quickly and cheaply across borders. Unrealistic as it was technically, the idea of a pan-Asian currency always had some political support: Since 2005, the Japanese have published the exchange value of something called the Asian Monetary Unit, a precursor to what would one day become the region's equivalent of the euro. The debt crisis in southern Europe — and the threat it posed to the single currency in the early part of the last decade — ended that pipe dream. Now there's a more modest goal: Keep money national, but allow it to jump borders effortlessly. This vision could start becoming a reality in three years and have a far-reaching impact on a continent expected to account for half of the world's consump...

Replacing ‘phone banking’ with ‘digital banking’ helped in promoting growth: PM

16Oct

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Technology

Replacing ‘phone banking’ with ‘digital banking’ helped in promoting growth: PM

[ad_1] PM attributed India's economic growth to the efforts of the BJP govt to replace 'phone banking' with 'digital banking'. Prime Minister Narendra Modi on Sunday attributed India's sustained economic growth to the efforts of the BJP government to replace pre-2014 'phone banking' with 'digital banking'. Referring to the previous UPA regime, he said under 'phone banking', instructions were given on phone to banks regarding whom they had to lend to and at what terms and conditions. "The economy of any country is as progressive as its banking system is strong," the Prime Minister said after dedicating 75 Digital Banking Units (DBUs) to the nation via video-conference. Observing that the country has shifted from the pre-2014 'phone banking' system to digital banking in the last ...

Bank Holidays October 2022: Banks to remain closed for 15 days, but not pan-India; net banking to work

25Sep

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Technology

Bank Holidays October 2022: Banks to remain closed for 15 days, but not pan-India; net banking to work

[ad_1] Bank Holidays October 2022: Due to several occasions and festivals banks will remain closed for 15 days in October. However, online or net banking will remain operative. Bank Holidays October 2022: Do you have any banking activity to be completed in October? If yes, you will have to plan visiting the bank nearby you accordingly, as banks will remain closed for 15 days in the month of October due to festivals and other occasions. Also, these 15 days of bank holidays do not include second and fourth Saturdays and Sundays. It can be noted that it is not necessary that banks in all the states will be shut for 15 days as some of the festivals or occasions are state specific. Meanwhile, online or internet banking will remain...