ICICI launches “Smart Vault” – Robotic technology in bank lockers

ICICI Bank has recently launched “Smart Vault” which is a cutting edge robot managed locker service. There is almost no intervention with the bank staff and the security is very high. Watch the video below to understand how it works. Here is how the “Smart Vault” is operated Locker owner will swipe their debit card […]

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5 kind of online frauds, where investors have lost their money

A few months back I got a call from an NGO based in Delhi. They were trying to help a small baby, which was a critical medical condition and needed immediate medical help and they were generating the money from all over India. Even there were social media campaigns around it. The girl talking to me […]

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Sukanya Samriddhi Account with 80C benefits – Special scheme for girl child

You must have heard about “Beti Bachao Beti Padhao” initiative recently on television advertisements. As part of it, the government has recently announced a scheme called “SUKANYA SAMRIDDHI ACCOUNT”, which is mainly for saving money for the girl child. This is a welcome move because a lot of investors will get some extra incentive to […]

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What happens when you accidentally transfer money to wrong bank account ?

Have you ever wondered what will happen if you accidently transfer money online to some strangers bank account ? If you are thinking thats its a rare event, you are wrong. There are thousands of real life cases where a person transferred the money to someone account and then realised that one digit in account […]

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21 tips you should follow to secure your banking transactions

The world of banking has evolved too much in last 10 yrs and the way banking happens now is totally different from past. Millions of people across the world still do not take simple precautions while they should ideally take or they are too casual about things and later regret when they lose money in […]

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How can you add an “extra” Godrej lock in your bank locker and make it 10 times more secure?

Today you are going to learn how you can add an “extra” 3rd lock in your bank locker and make it really more secure compared to what it is now at this moment. This information is really hidden one and almost no one is aware about this really interesting and useful thing. I would like […]

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Penalty Charges on failed transactions due to insufficient balance at other banks ATM

Imagine this situation. You are in urgent need of cash and looking around for your bank ATM, but you are not able to locate one, but you can see other banks ATM and then finally you give up and want to withdraw the cash from other banks ATM knowing that its FREE to withdraw the […]

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Bank Locker Closed by bank & Struggle of claiming the locker contents back – A real Life Experience !

A lot of investors hold a locker facility in their bank, where they keep their valuables, jewelry and important documents. You must also be having at least 1 locker and must be rest assured that your locker will be safe and will not be touched, or looked upon by anyone else. However things can go […]

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Review of iWish Recurring Deposit from ICICI Bank

Around December last year, ICICI Bank launched a flexible Recurring Deposit scheme called “iWish”. Customers with an ICICI savings account and who have access to Internet banking can use the iWish facility. Here’s how Login to the iWish section in your ICICI saving bank account Define a goal (like buying a laptop, vacation, down-payment on […]

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Entering ATM PIN is now compulsory when you use Debit Cards

RBI has made it mandatory to punch your PIN number, when you use your debit card on shopping outlets (Big bazaar, Petrol Pumps, Shops) from Dec 1 2013. I realised just few days back that this has already started. I was shopping for household things at a mall nearby and was asked to punch in […]

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